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Stupid people at the bottom of the food chain don't get how economics works.
-Higher minimum wage means costs go up, leading to companies' products being sold at a higher price.
-Consumers from other countries thus purchase less from you, and choose other countries.
-Net business for that local economy thus decreases, as the pricing is less competitive.
-If shit doesn't change, the company either folds up, or packs up and moves to another country that IS cheaper e.g. China.
-Net result? Less and less companies in that area, less jobs etc.
PS: less business = less tax revenue for the government to pay for public programs, which is temporarily offset by increased spending by said minimum wage earners.
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