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Im taking political economy this semester. Let's just say, the teaher, she is of far-left, borderline socialist, believer. When a person in class talked about minimum wages and said how that would lead to unemployment, she stated that the people who typically make this argument are big businesses...
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Does the minimum wage cause long work hours? People today work longer hours than was common in the past. My thought is that the minimum wage, by discouraging the hiring of more workers at a lower wage, encourages employers to ask for more hours from less workers to do the same work. Am I completely off...