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Wednesday, July 30, 2014

recessions

Wage hikes and recessions – related or not?

Editor Don Whitten’s research shows that, since the mid-1970s, most mandatory federal minimum wage increases came before, during or right after recessions in the United States, and he wonders what, if any, relation there might be between the two in light of President Obama’s call to raise the minimum wage to $9 per hour by 2015. (February 15, 2013, Page 4A)

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