[BCPVP]

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My point has always been that the increased wage for those who keep their jobs vastly outweighs the lost wage of those who lose their jobs and can't find new ones.

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So what about the people you've just forced out of a job? You've also made it much more difficult to hire them again unless they become more productive all of the sudden. Or perhaps sentenced them to a life of crime and begging. If you close off the legal job market, what's left?