Thursday, December 14, 2006

Very Misleading Headline

As Reuters says:

The incoming Democratic-led U.S. Congress intends to give a hand to dishwashers, fast-food cooks and America's other poorest-paid workers by raising the federal minimum wage for the first time in a decade.

With the gap between rich and poor widening, Democrats promised such a pay hike as a part of their campaign that saw them win control of both chambers of Congress in the November 7 elections from President George W. Bush's Republicans.

With the new 110th Congress set to convene on January 4, Democrats vow a vote soon on a bill to raise the minimum wage over two years to $7.25 per hour from $5.15 per hour. And they seem positioned to make the popular measure law.

The headline was:

Democrats to raise wages for poor workers

Rather more accurate would be 'Democrats to ensure that poor workers lose their jobs'.

You raise the price of something then you're going to reduce the amount of it that gets bought, pretty simple really.


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