Original sentence: ) from the labor force.Arguments against minimum wage laws.As a labor market analogue of political-economic protectionism, it excludes low cost competitors from labor markets and hampers firms in reducing wage costs during trade downturns.Benefits some workers at the expense of the poorest and least productive.Can result in the exclusion of certain groups (ethnic, gender etc.Costly technology that increases business efficiency is more appealing as the price of labour increases.Discourages further education among the poor by enticing people to enter the job market.Discriminates against, through pricing out, less qualified workers (including newcomers to the labor market, e.Hurts small business more than large business.Is less effective than other methods (e.May cause price inflation as businesses try to compensate by raising the prices of the goods being sold.Opponents of the minimum wage claim it has these effects:.Reduces quantity demanded of workers, either through a reduction in the number of hours worked by individuals, or through a reduction in the number of jobs.Results in jobs moving to other areas or countries which allow lower-cost labor.Small firms with limited payroll budgets cannot offer their most valuable employees fair and attractive wages above unskilled workers paid the artificially high minimum, and see a rising hurdle-cost of adding workers.This generates various industrial-economic inefficiencies.the Earned Income Tax Credit) at reducing poverty, and is more damaging to businesses than those other methods.young workers) by keeping them from accumulating work experience and qualifications, hence potentially graduating to higher wages later
Edited sentence: , selling illegal drugs.Costly technology that increases business efficiency is more appealing as the price of labor increases.Decreases the cost of government social welfare programs by increasing incomes for the lowest-paid.Encourages people to join the workforce rather than pursuing money through illegal means, e.Increases the work ethic of those who earn very little, as employers demand more return from the higher cost of hiring these employees