What is the new poverty leval $$ now that the min wage has gone up. For 2007?
Answer:
The government sets income levels below which people are considered poor. Raising the minimum wage does not change these income levels. However, raising the minimum wage could boost some people over these income levels and thus reduce the number of poor people. In brief, a higher minimum wage does not change how poverty is define but it may reduce the number of poor people according to this definition.
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