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Rising Mininum Wages In 19 States Will Impact Economic Trends If Demand Remains Sluggish

Friday, January 13, 2017 15:10
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—> NewsIf $15 is higher than the price would be set by the invisible hand (free market forces), layoffs and rising unemployment rates among low wage earners will slowly increase for 19 states after 2017. Any deterioration in the labor market should be picked by rising initial claims. The initial claims trend is an important contributor to the Economic Activity Composite (EAC). Headline: …

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