the reason for raising the minimum wage rationale by the fed gov't is based on politics and not market realities. It is no different than unions who make wage demands without accompanying rises in production, quality education etc. it basically is saying I deserve a raise because I say so.
The economy is in deep trouble because of this mentality cheap money is only fueling this faltering economy because productivity is missing competition is being stifled and unemployement has lasted so long that those unemployed have lost their skill sets making them less employable.
do you feel the "love" from all those government freebies
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