Abolishing the minimum wage

Imagine you run a small retail business. You have two casual staff members on duty (plus yourself). One earns $25 p/h and one earns $20 p/h. The lunchtime rush is over, and it is quieter than usual. You need to send one of them home. Who do you send? Invariably, the most expensive one goes. You could argue about the theoretical benefits of not doing this, but practically, this is what happens nine times out of ten. Saving $20 for the next few hours doesn’t sound like much, but that is only if

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