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This year the picture was "more mixed".
"The bite of the minimum wage has increased and there's growing evidence of an impact on pay differentials," he said.
Telegraph By Richard Tyler
Last Updated: 1:20am GMT 08/03/2007
"Unemployment has risen to its highest level since 2002 … Economics text books will tell you that raising the price of a good, in this case labour, will increase supply but choke off demand. The existence of unemployment, and the fact that it's rising, shows that labour is too expensive. There's a fair amount of it about that isn't being used.
The reasons for unemployment are complex but the price of labour is a key...
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