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The Minimum Wage Doesn’t Do What You Think It Does

The Minimum Wage Doesn’t Do What You Think It Does
Fast food workers and activists demonstrate outside the McDonald's corporate campus Oak Brook, Illinois, in this file photo. The demonstrators were calling on McDonald's to pay a minimum wage of $15-per-hour, however, the minimum wage has many bad unintended consequences. Scott Olson/Getty Images
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One of the most curious political phenomena is how the general public embraces the idea that the minimum wage undoubtedly helps the poor. The transformation of a policy, which originally was intended to keep minorities out of the labor force, to one aimed at protecting marginalized workers has been a stunning political magic trick.
Such confusion is partly caused by how minimum-wage rhetoric frames the topic. People often argue that businesses can afford to pay higher wages to workers, that a law mandating a minimum wage is philosophically moral, and even that increasing the minimum wage boosts employment.
Jordan Setayesh
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