getting page not found on that link, Gruss. But I'll google it. On Fri, May 29, 2009 at 9:52 PM, Sam <[email protected]> wrote: > > Did they account for the highest unemployment in forever? > > > On Fri, May 29, 2009 at 11:43 AM, 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/idUSTRE54R6YD2009052 > >
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