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The U.S. minimum wage is currently $7.25 per hour, but many states and cities have their own rates that are higher than the federal standard. A minimum wage that is set above a market’s equilibrium wage will result in unemployment as employers cut back on hiring or increase prices to cover for the cost of labor (a minimum wage).

The government should not interfere with free-market forces by mandating a certain hourly rate because it does more harm than good to workers and businesses alike. Too low of a minimum wage will force employers to increase their prices, which increases poverty in the country. The government should not interfere with free-market forces by mandating a certain hourly rate because it does more harm than good to workers and businesses alike.

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The U.S. federal minimum wage is currently $725 per hour, but many states and cities have their own rates that are higher than the federal standard. A minimum wage that is set below market equilibrium means unemployment as employers cut back on hiring or increase prices to cover for the cost of labor (minimum wages).

Government interference with free market forces by mandating a certain hourly payrate won’t do much for American jobs; instead it’ll be detrimental for both employees and businesses.

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