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More Money, Fewer Jobs

Minimum wage hike would cost 500,000 positions, report says

February 19, 2014
The Intelligencer / Wheeling News-Register

WASHINGTON (AP) - Boosting the federal minimum wage as President Barack Obama and congressional Democrats are proposing would increase earnings for more than 16.5 million people by 2016 but also cut employment by roughly 500,000 jobs, Congress' nonpartisan budget analyst said Tuesday.

 
 

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