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"The higher the price of anything, the less that will be taken, and this includes labor, " Dunkelberg said.
NPR: Obama, Business Groups Differ On Minimum Wage Plan
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Mr Dunkelberg thinks banks will be ready to help them.
ECONOMIST: Credit in America
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William Dunkelberg, chief economist for the National Federation of Independent Business, said the increase would hit businesses hard and only hurt low-wage workers by reducing demand for their services.
NPR: Obama, Business Groups Differ On Minimum Wage Plan
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William Dunkelberg, chief economist for the National Federation of Independent Business, says that after the July 2009 increase 600, 000 teen jobs disappeared in the next six months even as GDP expanded.
WSJ: Review & Outlook: The Minority Youth Unemployment Act
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Small businesses are hampered less by a lack of loans than a shortage of customers, argues Bill Dunkelberg, chief economist of the National Federation of Independent Business (NFIB), a trade group.
ECONOMIST: Credit in America
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This article is written by William Dunkelberg, chief economist for the National Federation of Independent Business and professor of economics and former dean of the Fox School of Business, Temple University.
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