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@ChrisMayLA6 But how can that be? Looking at it from an _individual_ point of view as a business owner, if minimum be very high, I would rather hire people abroad, especially if the work performed does not pay for the salary, in which case the hire would never even take place in the first place.

It is just fundamental arithmetic for a business owner and to me, the argument that high minimum wages lock people out of the market is very obvious.