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Noah Smith

U.S. Companies, Try This: Raise Your Minimum Pay

There's just one way to find out what happens. Give it a try.
And protests like this might disappear.

And protests like this might disappear.

Photographer: Cem Ozdel/Anadolu Agency/Getty Images

Recently, McDonald’s decided to raise wages for many of its hourly restaurant workers. The rise is modest, from about $9 to about $10, but already the company’s executives claim that they are seeing improvements in service quality:

So far the company’s financial results haven't suffered -- just the opposite; sales are rising.