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"Raising the minimum wage and lowering the barriers to union organization would carry a trade-off - higher unemployment. A better idea is to have the government subsidize low-wage employment. The earned-income tax credit for low-income workers - which has been the object of proposed cuts by both President Clinton and congressional Republicans - has been a positive step in this direction."

— Paul Krugman
paul krugman Quotes Lows,Employment,Economics

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Paul Krugman
Lows
Employment
Economics
Minimum Wage
Minimum
Philosophy
Income
Barriers
Low Income
Income Tax

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[To] mechanical progress there is apparently no end: for as in the past so in the future, each step in any direction will remove limits and bring in past barriers which have till then blocked the way in other directions; and so what for the time may appear to be a visible or practical limit will turn out to be but a bend in the road.

— Osborne Reynolds

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Everybody has barriers and obstacles. If you look at them as containing fences that don't allow you to advance, then you're going to be a failure. If you look at them as hurdles that strengthen you each time you go over one, then you're going to be a success.

— Benjamin Carson

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