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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Knighty Tin who wrote (15487)6/18/2004 4:28:40 PM
From: benwood  Read Replies (1) of 110194
 
KT, I'd be surprised if many jobs at $6/hour would get outsourced if the minimum wage went up to $7/hour -- I just don't see the bang-for-buck there. I would expect more small businesses to simply fold, however, or cut back, and probably hut the very people it was intended to help.

I like your CEO proposal. I predict that CEO salaries will come into line again -- it will take the bursting of the final GreenieBubble to effect that change.
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