Should There Be a Minimum Wage?
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Dennis HackethalOP·#6114··AI-assisted
Nobody who works full time should be poor. Yet a full-time minimum-wage earner with two kids still falls below the poverty line, so the minimum wage should be raised.
Barack Obama made this argument in his 2013 State of the Union address, declaring that “no one who works full-time should have to live in poverty.”
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Dennis HackethalOP·#6125··Criticism
Yet a full-time minimum-wage earner with two kids still falls below the poverty line, so the minimum wage should be raised.
That approach would at best treat symptoms, not the root cause. If prices are too high for people to afford basic things, the government should take a look in the mirror. It artificially raises prices through taxes, inflation, and bureaucracy.