Take a Wild Guess What the IMF Just Told the U.S. to Do to Grow Our Economy

“…On Monday, the IMF issued its annual review of the American economy. Not only did the bank downgrade the U.S. GDP growth forecast to 2% this year (it’s usually over 3%), it also included a long list of recommendations to boost the economy — and for the first time, the list included raising the minimum wage.

“[G]iven its current low level (compared both to U.S. history and international standards), the minimum wage should be increased,” the IMF wrote. “This would help raise incomes for millions of working poor and … ensure a meaningful increase in after-tax earnings for the nation’s poorest households.”…”

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by | June 17, 2014 · 5:04 pm

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