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Steven Perez
Would cutting the minimum wage raise employment? - Paul Krugman Blog - NYTimes.com - http://krugman.blogs.nytimes.com/2009...
"It seems that more and more Serious People (and Fox News) are rallying around the idea that if Obama really wants to create jobs, he should cut the minimum wage. So let me repeat a point I made a number of times back when the usual suspects were declaring that FDR prolonged the Depression by raising wages: the belief that lower wages would raise overall employment rests on a fallacy of composition. In reality, reducing wages would at best do nothing for employment; more likely it would actually be contractionary." - Steven Perez from Bookmarklet
yeah, and legalizing all drugs would get rid of illegal drug use. raise the minimum wage a couple bucks. offset that by suspending the capital gains taxes on businesses of certain sizes. that would weed out the shitty companies and inspire people to get a job. Thank you. Vote Morgan in 2010! - Morgan