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Politics : Ask Michael Burke
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To: Yogizuna who wrote (91745)8/21/2001 4:39:30 PM
From: TimF  Read Replies (1) of 132070
 
When the debate about raising the minimum wage in this country was going on, many argued the unemployment rate would rise as demand for labor decreased.... In fact, just the opposite happened as unemployment fell to new lows.

Unemployment fell because the economy was generally doing well and because the minimum wage even after it was raised was not so high as to cause too much of a problem. I would still say that less people where employed then would have been employed without the raise but considering how low unemployment went it might not have been a big deal. A big raise now with a softer economy would be a bad idea. A "living wage" proposal would mean a big increase in the minimum wage not just a dollar or so.

Tim
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