How Obama's proposal to increase the minimum wage will impact the economy

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  • lost in DC West Jordan, UT
    Feb. 15, 2013 9:44 a.m.

    the three states with the highest unemployment rates in the nation all have minimum wage laws OVER the federal minimum. none of the 6 states with the lowest unemployment rates have their own minimum wage laws

  • ridelikethewind Orem, UT
    Feb. 14, 2013 4:43 p.m.

    The article failed point out that David Card is also from Berkeley. So their only source is from the most liberal institution in the country? Would have liked to had other sources.

    The truth is that most minimum wage increases have little effect on unemployment. Primarily because most employers are already paying above minimum wage. They have to be competitive. That's how it works and that's why we don't need minimum wage laws. If they raised minimum wage to be higher than the competitive wage it would reduce jobs. Is $9 above or below the competitive wage? My company has to pay at lease $10 to get good entry level employees. At least in my industry it will have no effect so it's making a big deal out of nothing.

  • Chris B Salt Lake City, UT
    Feb. 14, 2013 3:38 p.m.

    Forgive me if I dont believe what barack says.

    Four years ago he said he'd cut the deficit in half.

    It increased.

    Four years ago he said before his first(of many) spendathons of 787 billion that unemnployment would not reach 8%

    It went to over 11%

    What we should have learned, is that when barack opens his mouth,

    do the exact opposite.

    Unfortunately, "I tried" doesn't cut it as the commander in chief.

    If I sign a contract to play shortstop for the Yankees, I can't show up at a McDonalds in Tokyo and claim "I tried"