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• Position: Living wage study - Brief Article

The movement for "living wage" laws--that's a minimum wage, plus insurance and other benefits-is gaining force with 75 hotly debated campaigns currently underway (see the map at www.livingwageresearch.org). Debates often hang on whether such mandates take jobs away from the poorest and least-skilled workers. Two Stanford researchers are trying to push the discussion further by studying a mathematical model in which both unemployment and profit margins stay steady after...