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Peter Coy who authored the Bloomberg article asserts: Start with an unpopular but irrefutable fact: Raising the minimum wage to $15 an hour, as some states are
by drallison 11y ago
Peter Coy who authored the Bloomberg article asserts:
Start with an unpopular but irrefutable fact: Raising the minimum wage to $15 an hour, as some states are doing, will create both winners and losers. The winners will be workers who get paid more, of course. The losers will be low-skilled workers who don't get paid at all, because employers couldn't afford to keep them on.
This fundamental assertion (a higher minimum wage will cause employers to eliminate jobs) is offered as a FACT without argument, analysis, or proof. It makes the whole article suspect.