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Jobs a recurring theme in Obama speech

Lori Weisberg, U-T SAN DIEGO

Wednesday, February 13, 2013

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San Diego economist Kelly Cunningham said that while he was encouraged by Obama’s willingness to invest in science and technology, he’s concerned that the president’s agenda would have the effect of increasing costs for businesses and could possibly lead to job losses.
“He talked about increasing the minimum wage but studies have shown that increases in minimum wage will decrease the number of low-wage low skilled jobs,” said Cunningham, senior fellow with the National University System Institute for Policy Research. “If you have a higher minimum wage, there will be fewer entry-level jobs, which are important for younger people.”