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realisticidealist
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« on: September 05, 2014, 04:11:14 PM » |
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The average person does not understand that the minimum wage is not an optimally efficient or especially efficacious1 policy option, but one that is generally, though not always, better than no policy to the extent that it has an impact. In fact, the positives and negatives of the minimum wage tend to be vastly overstated by both sides.
1At combatting poverty or cost of living. There are better solutions to both than the minimum wage that also address efficiency.
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