Link: http://www.nationalreview.com/corner/364671/how-minimum-wage-hurts-poor-people-mario-loyola
It's important to see how the supposed benefits fail in the case of the minimum wage, and Kevin Williamson does a typically great job debunking those arguments in his recent piece on the homepage. But the minimum wage also creates unconscionable social losses, particularly for the poorest of the poor.
The minimum wage is not a "protection," as progressives often style it. It doesn't confer a "right" to be paid any amount of money, because nobody has an obligation to hire you. The minimum wage only says that it's illegal to work for less than x, no matter how badly you need that job. To the extent the minimum wage is set above where the market clears on a given wage category, businesses will typically respond with some combination of raising wages, cutting hours, and laying people off.
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