In an effort to control costs, companies might accelerate the adoption of automation and technology to replace human workers. This could lead to a reduction in available jobs for low-skilled workers, potentially exacerbating unemployment issues among the most vulnerable populations.
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Raising the minimum wage does not result in job loss.
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Consumer spending drives the majority of the U.S. economy. By increasing the purchasing power of the lowest earners, you inject more money directly into the economy, potentially boosting growth and increasing demand for goods and services, which can lead to job creation.
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