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In Economics in One Lesson, Henry Hazlitt declares that minimum wage laws are a poor method for raising workers' wages and usually do more harm
In Economics in One Lesson, Henry Hazlitt declares that minimum wage laws are a poor method for raising workers' wages and usually do more harm than good. He argues that minimum wage laws will create unemployment for any worker whose market value is lower than the minimum wage. Instead, he claims that the best way to increase workers' wages is to increase their productivity. Do you agree or disagree with Hazlitt's argument? Why or why not?
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