Column: Minimum wage laws do not improve labor markets
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Among President Barack Obama’s recommendations in the State of the Union address to Congress was an increase in the federal minimum wage from its current $7.25 to $9 an hour.
This is not the first time he has done so.
In 2008, then-Sen. Obama called for the minimum wage to rise to $9.50. Now, I am uncertain just what has transpired over the past five years to lead him to lower his target, so I’ll just mark it up to bad memory.
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