6 Ways A $12 Minimum Wage Would Help The Economy

6 Ways A $12 Minimum Wage Would Help The Economy

After the D.C. Council approved a bill that requires large retailers to pay their workers a "living wage" of $12.50 -- and Walmart retreated from the capital in protest -- we thought it'd be worth considering what that requirement could do for the economy.

A report from non-partisan public policy center Demos released in 2012 looked into the effect of large retailers raising wages to pay the equivalent of $25,000 per year, or $12.25 per hour, for full-time, year-round workers. The study revealed that the wage hike could benefit not only workers, but also retailers and the economy at large.