By David Nicklaus
St. Louis Post Disptach, July 24, 2009
About 4.5 million American workers will see fatter paychecks starting today, but their good fortune is bad news for the rest of the economy.
With unemployment at 9.5 percent nationally, this is the worst possible time to be raising the minimum wage. A higher minimum wage may force struggling businesses to lay off workers or cut back their hours. It certainly makes them less likely to hire young, unskilled workers, who have been hit hard by this recession.