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The minimum wage hikes that took effect Jan. 1 in 23 states and Washington, D.C., will bring pay increases to an estimated 8.4 million workers, according to the Economic Policy Institute. Almost 55% of the affected workers are age 25 or older, and 45% work full time.

“Although workers with only a high school degree or less education are the group most likely to be affected, 40.9% of affected workers have at least some college experience,” EPI researchers note on the organization’s “Working Economics Blog.” “Importantly, more than 2 million parents will get a raise, including more than a million single parents. In total, we estimate that more than 5.7 million children live in households that will see an increase in earnings at the start of the new year.”

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