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BRIEFLY

Economy

August 23, 1993|From Times Staff and Wire Reports

Labor Secretary Calls for Higher Minimum Wage: Robert Reich said the $4.25 hourly minimum wage should be raised and indexed to automatically reflect cost of living increases. The rate last was raised in 1990 from $3.35, where it had stood since 1981. Any increase must be approved by Congress. Republicans and other opponents of the move say it would cause businesses to hire fewer young and untrained workers, the group most in need of jobs.

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