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I think a small raise in the minimum wage wouldn't necessarily hurt the economy, and might well help some people who are being taken advantage of in the labor market. One of the big tricks is finding what that "right sized" increase is, which as far as I can tell should be left to the Econ PhD's because its a pretty complicated set of interactions. The other trick is taking the blinders off about illegal aliens (who are willing to work below minimum wage) and the impacts they have of anyone legally here working at minimum wage. Whether you're pro amnesty or pro mass-deportation, our current approach of ignoring the rules we have because they obviously don't work isn't really tenable long term. (Not trying to derail the thread into this debate, just pointing out that its relevant.)
I think a small raise in the minimum wage wouldn't necessarily hurt the economy, and might well help some people who are being taken advantage of in the labor market. One of the big tricks is finding what that "right sized" increase is, which as far as I can tell should be left to the Econ PhD's because its a pretty complicated set of interactions.
The other trick is taking the blinders off about illegal aliens (who are willing to work below minimum wage) and the impacts they have of anyone legally here working at minimum wage. Whether you're pro amnesty or pro mass-deportation, our current approach of ignoring the rules we have because they obviously don't work isn't really tenable long term. (Not trying to derail the thread into this debate, just pointing out that its relevant.)
