We would boost the incomes of 28 million workers in America by raising it. Working families would benefit, people would be able to have children or go back to school and it'd ease the burden on Social Security. It would get more money in the hands of people who would actually spend it rather than the rich who hoard it. Redistribute the income and keep the economy moving. We need to improve productivity throughout the economy to sustain a recovery and this is the way you do it.
You're sadly mistaken Coneyme. Low-income families can't meet their basic needs on this minimum wage. We have to raise it to lift these low-wage workers people out of poverty. Basic necessities like food, clothing, and healthcare continue increasing in price every year. But the minimum wage is not keeping pace. The difference in income between the low and the high class continues to increase. I don't think 650 economists are mistaken.