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New research finds hiking minimum wage leads to higher prices of consumer goods

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Businesses pass on the cost of higher wages to the consumer

Patrick T. Fallon/Bloomberg via Getty Images

New research studying the impact of government-mandated minimum wage hikes found exactly what critics of such policies predict: The cost is pushed onto consumers.

What are the details?

Proponents of hiking the federal minimum wage to $15 argue that every American is entitled to earn a "living wage" and that no person should work hard each week, yet still live below the poverty line.

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