More evidence you were right and I was wrong. I know you were confused about that.
------------- NEW YORK (Reuters) - A higher U.S. minimum wage is providing a cushion to the economy when it is most needed, according to a report released on Thursday. The Economic Policy Institute, a liberal think-tank based in Washington, said recent rises in the minimum wage have acted as a "stealth stimulus," preventing the worst recession in generations from spiraling out of control. The study found that the bottom-rung pay increases will boost spending by $4.9 billion. Such findings counter conventional wisdom among economists, who tend to argue that mandated wage increases hurt businesses' bottom line, putting a crimp on hiring. http://www.reuters.com/article/newsOne/idUSTRE54R6YD20090528 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:297722 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
