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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While I don't have an opinion on whether it should be raised or not, people may want to be careful not to raise it too high. A lot of low skill jobs can be replaced with machines and robots and they are more effective than people.