Original sentence: An increase in the minimum wage is a form of redistribution from higher-income persons (business owners or "capital") to lower income persons (workers or "labor") and therefore should reduce income inequality.However, there are studies that show that higher prices for products due to increased labor cost are usually only by about 0.4% of the original price.The CBO reported in February 2014 that income (GDP) overall would be marginally higher after raising the minimum wage, indicating a small net positive increase in growth
Edited sentence: The CBO reported in February 2014 that income overall would be marginally higher after raising the minimum wage, indicating a small net positive increase in growth.This amounts to redistribution of income upward, and contradicts the claim that a minimum wage reduces income inequality.This same estimate projected these modest wage increases would come at the cost of job losses by 500,000 and 100,000 of the lowest paid workers, respectively