Employers say wage hike will raise prices

Dillard, Gabriel
September 2006
Business Journal Serving Fresno & the Central San Joaquin Valley;9/29/2006, Issue 323613, p1
The article reports on the impact of wage increase on commodity consumers in the U.S. The new wage policy raises the minimum wage by 75 cents in 2007 and another 50 cents by 2008 which will enable the minimum wage workers to earn at least $8 per hour. According to a report, many argue that these increases benefit the economy as a whole however, its impact on producers, service providers and consumers was being debated since commodity price also increases.


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