Quote:
Originally Posted by JoshGirls Josh
So i would argue there is a social benefit for the poor with the minimum wage, even if the natural rate would be lower.
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That's a proposition. Your argument is unsound.
You admit that raising minimum wage would eliminate jobs below the equilibrium point.
So if you raise minimum wage, then the person you want to help will not be making more. Therefore, you haven't helped them. Not only that but now they are unemployed. Congrats.