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Obama’s Proposal to Boost the Minimum Wage: Will It Help or Hurt Workers?
Time: Of the proposals in President Obama’s State of the Union address, the one that’s perhaps getting the most attention is his push to have the federal minimum wage raised from $7.25 to $9.00 per hour. There are many reasons for this. First, it was one of the few concrete proposals to come out of the speech; and unlike many of the President’s industrial and tax policy ideas, it is easy to understand: Pass a law saying businesses can’t pay workers less than $9 per hour.
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