"Oftentimes when you have the federal government or others step in and start to raise minimum wage, what happens is you take away or reduce some people's opportunity to grab the bottom rung of the economic ladder to get the opportunities and the skills that you need to move up that economic ladder."

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There are still deep-seated structural problems that threaten the economic balance in the world: Between the United States and China, for example, but also within Europe. We have taken a few steps toward taming the financial markets, but we haven't come nearly far enough to rule out a repetition of the crisis.

— Peer Steinbruck