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The other downside to raising the minimum wage is that companies will hire fewer people...or none at all:
Everybody talks about how it helps the people who still have jobs. Unmentioned are the people who lose jobs or never get hired in the first place.
Kroger To Close 2 Long Beach Stores Following City-Mandated Pandemic Pay Increase
The chain decided to close the stores after the Long Beach City Council in Southern California passed an ordinance requiring large grocery outlets to increase wages by $4 an hour due to the pandemic.
www.npr.org
Everybody talks about how it helps the people who still have jobs. Unmentioned are the people who lose jobs or never get hired in the first place.