Minimum wages hurt the poor

No one likes to argue against the minimum wage. It makes you sound mean, heartless, privileged. You might have all sorts of considered and logical objections — a higher minimum wage means higher unemployment, a bigger black market, more expensive goods, slower growth, and, in any case, the federal government has no business setting private sector salaries — but your opponents won’t engage with those objections. Instead, they will say, “How would you like to work for less than $7.25 an hour?”

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HEDGE accordingly