President-elect Joe Biden's newly unveiled $1.9 trillion stimulus package includes one important economic measure — raising the federal minimum wage to $15 an hour.
That pay bump could be hugely consequential for millions of workers. The federal minimum wage, which hasn't changed since 2009, is currently $7.25 — less than half of what the new wage would be.
That means over 20 million workers could get a raise — and a new study finds the pay bump could also be a boon for taxpayers.
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