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Christine L. Owens: Scapegoating the Minimum Wage

5 hours ago ago from Huffington Post

It wouldn't be the holidays if we didn't have grinches. In the spirit of the season, this week we saw calls to lower the federal minimum wage (yes, you read that correctly), thinly disguised as a way to help the economy. In this time of recession and high unemployment, however, that is actually the last thing policymakers should do. The federal minimum wage is just $7.25 an hour, or $14,500 a year for a full-time worker. And for tipped ...

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