Is the increase in Rhode Island’s minimum wage going to have a positive effect the state’s economy?

THE ECONOMIC POLICY INSTITUTE estimates that nearly 20,000 workers in Rhode Island will see their wages increase when the minimum wage in the Ocean State goes from $10.10 to $10.50 per hour on Jan. 1 / COURTESY ECONOMIC POLICY INSTITUTE
THE ECONOMIC POLICY INSTITUTE estimates that nearly 20,000 workers in Rhode Island will see their wages increase when the minimum wage in the Ocean State goes from $10.10 to $10.50 per hour on Jan. 1 / COURTESY ECONOMIC POLICY INSTITUTE

Rhode Island is one of 20 states that will increase its minimum wage in the new year, going from $10.10 an hour to $10.50 an hour. The issue has split the political (and economic) spectrum for decades, with one side claiming that increasing the minimum wage will boost the economy as the other side says it will hurt the economy, especially small business owners. What do you think?

Is the increase in Rhode Island’s minimum wage going to have a positive effect the state’s economy?

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