Progressives constantly advocate for a higher minimum wage with the intention of helping out those who are in impoverished situations. However, their good intentions don’t negate the fact that the minimum wage is detrimental to the very people it is supposed to help the most — particularly the young.
Prager University explains in a new video that it’s natural for people to earn different wages since, by nature, people have different skills and abilities that are valued differently, but the minimum wage undermines that basic economic principle and ends up hurting low-skilled, less experienced employees.
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