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July 7, 2008

All Business: Job cuts may help hold down inflation

  • When jobs are scarce, workers may be less inclined to demand higher wages, and that should help hold costs down.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — All those job cuts at automakers, newspapers and even Starbucks are hard to stomach. But in a roundabout way, they may actually help the economy a bit.

    No, that isn't a misprint.


     
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