08 July 2009
A Real Progrom toi Help the Economy
The minimum wage goes from $6.55/hr to $7.25/hr on July 24.
The linked article wrings it hands about the "stress" on the job market from the increase, but the reality is that no one has ever been able to find a correlation between increases in the minimum wage and unemployment, and getting more money into the hands of poor people, who spend the money more quickly, is the best way to get the economy moving.
The linked article wrings it hands about the "stress" on the job market from the increase, but the reality is that no one has ever been able to find a correlation between increases in the minimum wage and unemployment, and getting more money into the hands of poor people, who spend the money more quickly, is the best way to get the economy moving.
Labels:
Labor
,
regulation
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