And, in the end, retailers would benefit. According to the study, the cost of the wage increases to major retailers would be $20.8 billion -- about one percent of the sector's $2.17 trillion in total annual sales. But the study also estimates the increased purchasing power of lower-wage workers as a result of the pay raises would generate $4 billion to $5 billion in additional retail sales.
This seems like a good deal all around.
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