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Mitt Romney Supports Minimum Wage Hike

Former Republican nominee for president of the United States Mitt Romney stated on Thursday that he endorses an increase in the minimum wage.

Although many economists assert that an increase in the minimum wage will increase unemployment, Romney claims he supports the higher wage “because frankly, our party is all about more jobs and better pay.” The former Massachusetts governor’s comment doesn’t jibe with the analysis of the Congressional Budget Office.

According to the CBO, although a wage hike would result in an increase in income for some, it would simultaneously mean hundreds of thousands of workers would lose their jobs.

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