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Nov 29, 2012

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NKR

Glad to see the Economist publishing about this. In Brazil, the minimum wage was raised by something like 60 percent in real terms as the economy moved toward record-low levels of unemployment. Similar things are happening in other South American countries. Perhaps the U.S. could take a page out of their book ;)

For more, see this great EPI study for a U.S. application:
http://www.epi.org/publication/ib341-raising-federal-minimum-wage/

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