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Wednesday, December 16, 2009

How Minimum Wage Affects the Job Hunt

http://liveshots.blogs.foxnews.com/2009/12/14/how-minimum-wage-affects-the-job-hunt/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+foxnews%2Flatest+%28FOXNews.com+-+Latest+Headlines%29

They examined sixty years of data and concluded the minimum wage actually cuts down on job opportunities and even wages, over time, for low-skilled workers.

“A small number -- and it depends how big the minimum wage increase is -- will lose their job.
“Some people entering the labor market for the first time, or, you know, anew, will not be able to find a job because of the higher minimum wage."


The last bump for the minimum wage was this past July, a seventy cent increase to $7.25 an hour.

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