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Do you think the Minimum Wage hurts people or helps people, more? #NewClassRising #089 w/ @Hector_Avellan [TweetThis]

Oh I can already tell that this is going to be one of those controversial shows where I may even lose some listeners. It's unfortunate but I will never apologize for siding with freedom, siding with economic freedom and siding with the markets.

I wasn't always against the minimum wage. However, when I did realize that the minimum wage was a horrible law, it was not because I thought that it was taking more profits out of the pockets of business owners or even that there was no way the government could possibly know how much the price of labor should be.

No, it was because I realized that the Minimum  Wage law hurt the poorest and most vulnerable people (those who do not have skills) among us, and in many cases set them up for a life of stagnant wages without the ability to move upward. 

There are obviously two sides of the debate here. Those that are for the minimum wage, and an even higher minimum wage that what we have today, and those, like myself, who want to abolish the minimum wage. 

What I have come to learn throughout my years of research of this topic is that in the end both sides are trying to reach the same result: help the poorest people among us. The issue is that we have a very real ideological, philosophical and Economic understanding difference in what is the best way to help those who need it most.

You can find today's show notes at http://NewClassRising.com/089

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