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A Million Veterans Would Benefit from a Minimum Wage Increase

We ask a lot of our armed forces. They serve our country in some of the most dangerous environments and difficult situations faced by any American. Yet having endured those experiences, too many veterans returning to civilian jobs find themselves in work that barely pays enough to live on. In fact, of the roughly 10 million veterans working in America today, 1 in 10—that’s one million veterans—is paid wages low enough that they would receive a raise if the federal minimum wage were increased to $10.10 per hour, as proposed in the Fair Minimum Wage Act of 2013. Capture d’écran 2014-04-29 à 08.23.02

Months ago, we released an analysis showing that increasing the federal minimum wage to $10.10 would lift wages for 27.8 million workers nationwide. The one million veterans that would benefit from such an increase are a relatively small segment of this larger group, but the fact that a million former service members would benefit from raising the minimum wage should dispel the persistent myth that raising the minimum wage only benefits teenagers and students from affluent families. Not only is this an inaccurate description of the typical low-wage worker, but the veterans that would get a raise look nothing like this affluent teen stereotype and are, in some ways, noticeably different from the larger population of would-be beneficiaries from a minimum-wage increase.

Chosen excerpts by Job Market Monitor. Read the whole story at  A Million Veterans Would Benefit from a Minimum Wage Increase – Senator Bernie Sanders of Vermont.

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