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Cost Of Living

Recently, the government adjusted its cost of living estimates, thus raising the amount of money people get each month in their Social Security checks. But, even as we acknowledge the increased cost of living, the minimum wage remains it's paltry old self. In fact, the buying power of the minimum wage is at it's lowest point in 55 years, and a bunch of economists (Nobel winners, you know, smart guys) are now trying to make it clear that raising the minimum wage is not bad for the economy.

Via The Agonist

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