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Reason
Reason
J.D. Tuccille

Minimum Wage Laws Make for Great Politics, but Fewer Jobs

Once again, for those who didn't pay attention during Econ 101, if you artificially hike the price of labor, you reduce demand for workers. In California, this is playing out in terms of lost jobs, increased automation, and other consequences that result when politicians signal a unicorns-and-rainbows vision of the marketplace to their allies and leave the public to deal with the resulting mess.

Higher Pay, but Fewer Jobs

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