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Cafe Hayek: “Making Low-Skilled Workers Illegal”

Don Boudreaux at Cafe Hayek provides a simple perspective on the minimum wage hikes taking effect with the New Year:

Because no employer can afford to pay any employee more per hour than the value per hour that that employee produces, your headline “Twenty states will raise their minimum wage on Jan. 1” (Dec. 26) would be more informative if it instead read “Twenty states will raise the number of low-skilled workers to be priced out of jobs on Jan. 1.”

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