"We also discovered that as living-wage commitments become more common, the benefits reach further into society. Wage increases stimulate spending in the local economy while reductions in poverty and inequality can lead to greater social cohesion."

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"We also discovered that as living-wage commitments become more common, the benefits reach further into society. Wage increases stimulate spending in the local economy while reductions in poverty and inequality can lead to greater social cohesion."

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FastCompany

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https://www.fastcompany.com/90754333/a-living-wage-doesnt-just-benefit-workers-it-benefits-businesses-and-society-too

Referenced by

Higher wages can lead to increased local spending, benefiting small businesses and bolstering local economies. This is particularly important in economically disadvantaged areas where local spending can stimulate economic revitalization.

US Politics

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