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Old 11-29-2012, 11:06 PM
The whole point in any economy (local, national, global, whatever) is to create the most efficient products and services possible. Efficiency means doing the best possible job at the lowest possible costs. Artificially increasing production costs, may certainly benefit a few select groups but it hurts the economy as a whole (and thus the average person) by causing the system to operate less efficiently.

Now that may be irrelevant to some and they may still want a higher minimum wage for some political agenda but it is what it is.
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