A $15 Minimum Wage in Minneapolis: Broad Benefits for Workers, Small Businesses and the City’s Economy

Raising Minneapolis’ minimum wage to $15 would have broad benefits for low-wage workers, small businesses and the local economy. In retail—the state’s largest low-wage sector—a $15 minimum wage would help small businesses by leveling the playing field and ensuring that large chains pay similar hourly wages to what small business are already paying. It would also deliver a $140 million raise for workers in the city, generating new consumer spending that will boost demand for goods and services, lifting the city’s economy.

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