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Safety Valve: Letters from readers

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Devastating hike

It seems odd to me that the certified public accountants who are retained by many businesses on the coast have not spoken out on the implications of a 60 percent increase in the minimum wage. If the increase itself fails to bankrupt small business, the 7.5-percent share the employers pay into Social Security plus any additional unemployment taxes and industrial insurance premiums could be devastating.

It may be wasted energy to even believe that a 60 percent increase…

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