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Politics : Mainstream Politics and Economics
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To: Wharf Rat who wrote (38996)2/13/2013 11:51:04 AM
From: i-node2 Recommendations  Read Replies (1) of 85487
 
>> 2011 Federal Reserve Bank of Chicago study showed that a $1 hike in the rate increases spending by $2,800 a year in households with minimum wage workers.

And how is that a good thing?

What about the poor people who lost jobs because of increased cost of hiring, and the people who had their hours cut back? Did the FRB take that into account?
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