What are the effects of raising the minimum wage


Response to the following problem:

Most government policy decisions have winners and losers. What are the effects of raising the minimum wage? It is more complex than simply producers lose and workers gain. Who are the winners and who are the losers, and what exactly do they win and lose? To what extent does the policy change achieve its goals?

Make sure you use enough details to support your answer.

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Business Economics: What are the effects of raising the minimum wage
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