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View Diary: Historic Day: Does the Media Know? (346 comments)

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  •  It will effect employment (0+ / 0-)

    A self-interested business person will buy less of something - including labor - when the price of it goes up.  If the price of labor goes up for some workers, the self-interested business person will employ less such workers.

    Maybe you're right and business people are less self-interested than I think, but it's doubtful.

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