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Burnt clothes are seen in front of a garment factory which was destroyed by fire in Gazipur, Bangladesh, on Nov. 29, 2013.
Burnt clothes are seen in front of a garment factory which was destroyed by fire in Gazipur, Bangladesh, on Nov. 29, 2013.
(ANDREW BIRAJ/REUTERS)

Why minimum wages make good economic sense

Textile workers in Bangladesh got a big pay rise over the weekend, a 77-per-cent increase in the minimum wage to $68 (U.S.) a month, and in Washington, President Obama is backing a bill to raise the U.S. federal minimum wage to $10.10 an hour. Congress should get on with the job and help to create a virtuous global circle of rising wages for the very poor.