President Obama wants Congress to "give America a raise." But Republicans say it would be a disaster for small business. But, even if Washington fails to increase the minimum wage, states and cities already are acting on their own, along with a major employer: Gap clothing. The Congressional Budget Office warns a federal hike might cause 500,000 jobs to disappear — at the same time almost a million people could be lifted out of poverty. We look at what's happening around the country and the potential consequences for this year's congressional elections.
Is It Time to Increase the Minimum Wage?
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