Raising Wages Reduces Inequality

This graph, from Dube’s latest research, shows that the largest proportionate increases in income from a higher minimum wage would go to the families living in the 10th and 20th percentiles of family income (families already making a median income would see virtually no change at all):

“What that’s telling you is you’re pulling up the bottom of the family income distribution,” Dube says. “And that is reducing inequality. That’s very clear from that graph – you’re going to reduce inequality, by almost any measure of inequality. ”

http://www.theatlanticcities.com/jobs-and-economy/2014/01/higher-minimum-wage-could-lift-millions-out-poverty/8022/

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