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Jul.26 — The federal minimum wage last went up in 2009, to $7.25 an hour. Since then, 29 states have approved minimum wages above the federal level. California, New York and Washington were among the first to start phasing in a $15 hourly rate, and their economies expanded with bigger boosts in personal income, job growth and consumer spending than the 21 states resisting anything above $7.25, according to data compiled by Bloomberg. Bloomberg Editor-in-Chief Emeritus Matt Winkler has more on “Bloomberg Markets: The Close.”

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