Does not add a penny to the economy

This is the "broken windows fallacy." It would not add any money to the economy, it just takes money from one place and gives it to someone else. Money that would have been used to invest in new equipment or hire more staff is reallocated to increase pay. There is no economic benefit.

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The Global Financial Crisis
How should the US and other governments respond?
Measures to alleviate the immediate symptoms?
Raise the federal minimum wage
Does not add a penny to the economy
Minimal benefit to the poor, if any
Would inhibit employment growth
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