Thirteen Reasons why it’s Time for a Raise – #8 Raising the federal minimum wage will lead to a decrease in social welfare spending

A 2013 study by the Center for American Progress showed that by raising the federal minimum wage to $10.10 an hour, enrollments in the Supplemental Nutrition Assistance Program (food stamps) would decrease by $4.6 billion annually. The Economic Policy Institute found that raising the federal minimum wage would lead to a decrease of at least $7.6 billion in spending on income-assistance programs, such as Section 8, TANF, LIHEAP and Medicaid.