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Real-World Examples of How the Minimum Wage Harms Workers

• https://fee.org, Daniel J. Mitchell

Politicians can interfere with the laws of supply and demand (and they do, with distressing regularity), but they can't repeal them.

The minimum wage issue is a tragic example. If lawmakers pass a law mandating wages of $10 per hour, that is going to have a very bad effect on low-skilled workers who can only generate, say, $8 of revenue per hour.

You don't need to be a libertarian to realize this is a problem.

Catherine Rampell leans to the left, but she warned last year in the Washington Post about the danger of "helping" workers to the unemployment line:

…the left needs to think harder about the unintended consequences of… benevolent-seeming proposals. In isolation, each of these policies has the potential to make workers more costly to hire. Cumulatively, they almost certainly do.

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