Re: Your October article on the proposed minimum wage hike("Business Beat"): The feds are going to do it to usagain. The economy cannot take a big hike ($4.25 to $5.15 is anincrease of over 21 percent).
If some employees get an increase of 21 percent, unions andother employees will say, "Hey, me too!" As overheadrises, the price of the product you sell must also rise. This iscalled inflation. It won't take long to wipe out the increasedbuying power of the dollar they just gave them.
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