The UAW has succeeded in limiting how many people the automotive industry has been able to hire, by forcing it to pay too much to those it does.
And now, the threat is that because of its outrageous labor costs, GM may go out of business. If it does, all of those union jobs will go away.
So, the title.
The minimum wage works the same way. The more money a business has to pay per worker, the fewer workers it can hire. Those it can't hire will just have to keep looking. If the business can't cut wages in response to tough times, its employees will have those nice minimum wage jobs right up until the moment they don't.
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