Sorry, but anything coming out of a liberal or conservative 'think tank' is, in my opinion, suspect.
On Fri, May 29, 2009 at 2:43 PM, Gruss Gott <[email protected]> wrote: > > 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:297726 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
