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the recession of the mid-loro’s hit bottom.
This really shouldn’t be so surprising. Any increase in income to poor people is spent and spent quickly on life’s necessities. Their earnings are high velocity dollars that rapidly work their way into the local economy. And when people who haven’t been able to buy start buying, it creates more jobs, more purchasing power, more consumer demand and that will stimulate the economy in general.
Government statistics also easily disprove the second agrument: that minimum wage workers are young, middle-class teenagers making discretionary incomes. Today, more than eight million workers in America are paid no more than the minimum wage of $3.35. Eighty-four percent of these workers are adults, age 18 or over. In addition, 60 percent are women, many of them the sole support of children.
But the inadequacy of the minimum wage makes it essential that there be more than one worker in the family. Nonetheless, in 1986, 40 percent of minimum wage workers were the sole earners in their households. In fact, 35 percent of all mini
93.8%