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Re:What harm do minimum wages do? by throwaway56034 on Thursday August 20, 2020 @04:07AM (#24221002)
The company can pay you anything between the legal minimum and the marginal product of your labor. As the labor market can never be perfectly competitive (i.e. an econ 101 textbook market), there will always be an employer who rationally calculates that paying more than minimum wage will be profitable - which in turn has an impact on the decisions of the other employers. This has nothing to do with them being nice guys.

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