Fantasy Land Beliefs Move Markets in the Short-Term. Reality Moves Markets in the Long-Term
November 27, 2006 - Yes, an increase in the minimum wage laws in the U.S., as is likely to occur given the new Democratic Congress, will benefit retailers in the short term because the beneficiaries of such an increase will believe that they have extra cash in their pockets even if they don’t. What do I mean by this? The Federal Minimum Wage in the U.S.…
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