9:31 am July 22, 2009, by Henry Unger
The minimum wage increases to $7.25 an hour Friday, another example of government’s role in the economy. Some believe it’s absolutely critical. Others see it as meddling.
Even with the 70 cents an hour increase, full-time employees would earn only $1,160 a month. That’s not easy to live on these days.
At the same time, small businesses are having a tough time in this economy, as sales decline and credit dries up. The wage increase adds to the pressure.
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