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The High Cost of the Minimum Wage

Supporters of a $15/hour minimum wage claim their proposals will take money from business owners and give it to low-wage workers. But most minimum-wage employees work for small companies that make small profits. Such companies can only afford to pay those higher wages by raising their prices. Customers — not business owners — pay that cost. Rich and upper-middle-class people aren't the ones paying this tab. They aren't the main clientele of places like McDonalds. The poor and the lower-middle-class are. They're the ones who will be hit by these higher costs.

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