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” President Obama has made raising the minimum wage a centerpiece of his campaign against “income inequality.” In his most recent State of the Union Address, he called for raising the federal minimum wage to $10.10 per hour over the next 3 years. He also announced plans to unilaterally increase the minimum wage for federal contractors. Meanwhile, numerous governors are also pushing to increase their state minimum as well.
Over the last several years, Cato scholars have written extensively on the pitfalls of raising the minimum wage.”
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