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Minimum Wage Up = Jobs Available Down

The minimum wage just went up to $7.25.  This is one more bullet that the government has sent into the heart of the economy reducing the ability to offer jobs to entry-level workers at a wage that is commensurate with their skills.  In an economy that has double digit unemployment in several states this is just one more example of the economic perversity of government intervention in the economy.  After spending billions on a misguided "stimulus" bill that is failing to stem the rising rate of unemployment the government allows the minimum wage to rise higher ensuring any recovery in the economy will be slowed further.  An excellent commentary on this issue may be found at OpenMarket.org, the blog of the Competitive Enterprise Institute.

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