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Don Boudreaux to the Washington Examiner:
Your headline reads "Federal minimum wage rises to $6.55 today" (July
24). A better headline would have been "Government raises the cost of
hiring low-skilled workers by 12 percent today."
-Max Borders
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I earn minimum wage and I have a stable long-term job with little downside risk (i.e. my job is unlikely to disappear any time soon). The upside potential is limited to increases in the minimum wage and with the paucity of my resources, I need a wage that keeps pace with inflation in order to subsist.
Posted by: Terry | September 23, 2008 at 10:48 PM