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HomeRaising the Minimum Wage: Not the Answer
Posted by Larry Doyle on February 19th, 2014 9:57 AM |
Raising the minimum wage is another hot button issue that will serve to incite strong reactions on both ends of the political spectrum, but fails to address core structural issues in our nation.
Who is not supportive of helping people rise out of poverty and try to earn a reasonable wage?
While some political pundits might like to rewrite basic economic principles, ultimately a raising of the minimum wage serves to re-slice our nation’s economic pie rather than grow it. Some individuals will benefit by earning more, but others in the same economic strata will suffer by losing their jobs altogether. (more…)
