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Top Fed member says minimum wage hike kills jobs

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Politics,Paul Bedard,Washington Secrets
Plans to raise the minimum wage, like President Obama's goal of adding $1.75 to the current $7.25 an hour rate, are a job killer, according to a new analysis from a top member of the Federal Reserve Board and two scholars. What's more, wrote the Fed's William Wascher and University of California economists David Neumark and J.M. Ian Salas, new-styled studies that suggests the minimum wage...