Tuesday, February 06, 2007

A bit more on Min Wage

Big quote:

There are good reasons to believe that it would take a very large rise in the current minimum wage to exact a significant toll on jobs. Raising the floor on pay to $7.25 an hour from $5.15, as Congress is considering, is unlikely to do much damage. Still, American history offers many examples of how raising the wages of low-paid workers will provide a powerful incentive for employers to eliminate their jobs.

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