Friday, March 8, 2013

A minute’s pause for the minimum wage « Hot Air

A minute’s pause for the minimum wage « Hot Air: "When you raise the minimum wage for people working in the lowest skill level, easiest to qualify for jobs with the greatest possible labor pool, you do – without a doubt – benefit those earning that wage. But as we have repeatedly pointed out, you drive up the labor costs for the primarily smaller business outlets who rely on this labor, offering a disincentive to hire and, quite likely, a cause to let some people go to keep costs down. You also drive up the cost of basic services and products which employers must charge to break even. But that’s not the entire picture I’m asking you to consider today."

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