It costs jobs. Particularly for part time workers, or interns, the minimum wage reduces flexibility for businesses to hire. For further elaboration, see NTU's documents, Minimum Wage Hurts and Open Letter to the Governor on the Effect of Minimum Wage Increase.
Vice President of the National Taxpayers Union, Pete Sepp
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How do high taxes on the wealthy impact an economy?
What is the cause of and solution to poverty?
What role do workers' unions play in an economy?
What kind of tax system is most effective?
What role should government play in an economy?
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