Minimum wage hikes don’t help poor people
“That a higher minimum wage can actually lower incomes is one of those things intensely debated. Absolutely every economist will agree that this can be true at some level of that minimum wage. If you make the minimum wage $100 an hour, you’re going to see an awful lot of people earning absolutely nothing through having no job at all. There are perhaps a few (Nick Hanauer comes to mind) who think that this is nonsense.”