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The Political Trap of the Minimum Wage



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and how to escape it: my new Bloomberg column.

When the federal minimum wage was last raised, in 2007, all but three Republican senators voted for it. The typical pattern for Republicans on minimum-wage increases is to hold out for a while, sometimes even a few years, then acquiesce. In recent days, several prominent Republicans — Mitt Romney, Tim Pawlenty and Rick Santorum — have suggested that it’s time to cave again.

Instead of taking that advice, Republicans should talk about better ways to expand opportunity. . . .



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