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Originally Posted by After Shock Media
I am on fence about mimimum wages, I am pretty sure they would take care of themselves yet I do not fully trust business to do the right thing.
Monopolies are fine as long as they occure in a free competition enviroment, hell we already have monopolies.
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Minimum wages cut jobs. A business exists to make money, and if you set a minimum standard for "what labor is worth", then many jobs worth slightly below what that standard is will be eliminated. When minimum wages go up, many jobs worth no more than the old minimum wage rate get cut. This does affect those who need those jobs the most.