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Jeannette Wicks-Lim – Is a $15 Minimum Wage Economically Feasible?

Campaigns like 15Now and Fight for $15 are bucking convention and demanding minimum-wage hikes far larger than what has been past practice. Take, for example, the Fair Minimum Wage Act of 2007—one of the larger sets of increases in the federal minimum. This Act raised the federal wage floor by 40% in three steps: from $5.15 to $5.85 in 2007, …