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Originally Posted by the_marq
The simple and brutal truth of it is; if you force employers to raise their minumum wage by 10% they'll fire 10% of the employees to control their overhead.
A low paying job is better than no job.
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..or they will raise the cost of their product and pass the burden on to the consumer, which we would all pay for (even those who get a raise in their minimum wage).
Minimum wage should be abolished, playing with the laws of supply/demand is a bad idea.
Let me pose this question.... if anyone agrees that minimum wage should be raised to 8.50/hour, why shouldn't it be raised to $20, or 50$? Would such an increase have a negative effect on businesses? If so, why?