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The old notion peddled by the GOP and neolibs that the minimum wage destroys jobs is a bunch of bullshit.Reich, however, would be wrong in saying that lowering the minimum wage to a dollar an hour or even less would create lots of jobs is wrong. It is wrong because job creation is dependent on demand. If people aren't making enough to consume goods and services, then no jobs can be created because there is no demand._____ . . .

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