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July 14, 2008

All Business: Minimum wage hike added burden at small firms

  • Many can't raise prices enough to stem the decline in earnings, illustrating the vicious cycle that consumers and businesses are stuck in now.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — If the law of averages really worked, then the upcoming hike in the minimum wage would help offset consumers' surging food and fuel costs.

    A good balance, right? Don't count on it.


     
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