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The six lessons of the minimum wage

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The effects of raising the minimum wage are the subject of both political and economic debates. In Geneva, after the acceptance of an initiative on this subject on September 27, the minimum wage now reaches 23 francs per hour. In the United States, Joe Biden, the new American president, has promised to increase it from 7.25 dollars an hour to 15 dollars (13.94 francs). For tactical reasons, in order to get an agreement on its stimulus plan, this measure was however withdrawn.

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