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> The fact of the matter is, a minimum wage does not lift people out of poverty - it removes rungs from the bottom half of the ladder. The “fact of the matter”
by alasdair_ 4y ago
> The fact of the matter is, a minimum wage does not lift people out of poverty - it removes rungs from the bottom half of the ladder.
The “fact of the matter” is that despite decades of study, economists have come up with countless studies indicating both that minimum wages help and harm people in poverty. There is no definitive study one way or the other.
- codeguro 4y agoThe economist I'm quoting is Milton Friedman. Who are your economists, I wonder? Some liberal who wants to use the force of government to impose their will on small businesses so they can act virtuous to get votes?
- alasdair_ 4y agoI don’t see any quotes in your post, never mind Milton Friedman quotes.
- dredmorbius 4y agoAdam Smith: https://news.ycombinator.com/item?id=26127620 https://news.ycombinator.com/item?id=26127620