Shorter Megan McArdle:
Yesteryear: We can't raise minimum wage because it will destroy jobs.
Today: We can't raise minimum wage because it will destroy jobs in small cities.
Tomorrow: We can't raise minimum wage because it will hurt the coffee shop where I buy my cappuccino, not the one downtown but the one further down the street, you know, the one with the green awning. That one. It'll be a disaster, trust me.
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Philip Gray at philipgray@bloomberg.net
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Mr. Gray, do you think your parents are proud of this story?
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