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Philip Klein: A precarious moment to raise the minimum wage

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Feeling confident after his re-election, President Obama outlined an ambitious liberal agenda in his State of the Union speech on Tuesday. And no such speech would be complete without the old liberal standby of calling for a hike of the minimum wage. Obama's proposal to raise the minimum wage to $9 per hour would bring it to the highest level, adjusted for inflation, since the Carter era. He...

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