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The federal minimum wage remains at $7.25 an hour, but many states and cities have increased their minimum wage rates to $15 an hour or

The federal minimum wage remains at $7.25 an hour, but many states and cities have increased their minimum wage rates to $15 an hour or higher. What are the economic arguments for and against the minimum wage? What, if any, evidence is there regarding the economic impact of the higher minimum wages in these states or cities?

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