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Friday, April 14, 2006


Has anyone ever done a serious study, I wonder, to see what the benefits would be of balancing an increase in minimum wage with establishing a maximum wage law? I.e., How much would setting a cap on what executives and doctors (for instance) could make help off-set price inflation for goods and services that raising the minimum wage alone would otherwise result in? Or is that just what we fought the Cold War to avoid?

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