It will definitely help some people in the community, but in the bigger picture it does not do the community good
For example, there are so many people that worked so hard to create their businesses but now if they don't pay their employees as much as a big company they will leave because it is higher paying. This causes so many businesses to collapse after working so hard to create them. It also leads to fewer jobs because all of these small businesses that people worked for before won't be there anymore because it will collapse.
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