Some acquisitions may lead to a loss of jobs, but on the whole they make companies more productive, create higher-wage jobs and help pay for the current-account deficit.

ECONOMIST: Foreign investment

The minimum wage has the most serious impact on the least productive workers who are likely from poor families.

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You can arrest bosses if they pay less than minimum wage, but there is no way to make them hire the least productive if doing so is a money loser.

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