Watch the video, flud, and then tell me how it's wrong. You know you want to.
IMO, in the situation the video describes it makes total sense. However, the real world is a very complex and intricate thing and the issue can't really be summed up in a single video or forum thread. Now feed my inquiring spirit, flud.
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What's most funny is that the video only discusses the negatives that solely impact the poor. Aside from the direct negative consequences, the increased cost of cheap labor will result in increased prices. Businesses won't simply cut their losses and move forward. Goods and services across the board will inflate, hurting the middle/upper class, and eliminating the benefit of the increased minimum wage, since it's now being "taken back" (so to speak) due to inflation.