Charles Lane / Raising the minimum wage is a double-edged sword - Press of Atlantic City: Commentary

Charles Lane / Raising the minimum wage is a double-edged sword

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Posted: Tuesday, February 26, 2013 12:01 am

Liberal firebrand Paul Krugman backs President Barack Obama's plan for a phased-in 25 percent increase in the minimum wage, to $9 per hour. But he is still economist enough to note that raising it to $20 "would create a lot of problems" - among them, presumably, pricing low-skilled workers out of the job market.

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