10/17/2014 11:59 am ET

Hate Government Spending? Here's Why You Should Love A Higher Minimum Wage

Jason Colston via Getty Images

Increasing the minimum wage to $10.10 an hour would give 1.7 million workers enough of a raise that they wouldn’t have to rely as heavily on public programs, reducing spending on those programs by $7.6 billion a year, according to a new report from the Economic Policy Institute.

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