In July 2015, New York Gov. Andrew Cuomo announced a plan to raise the minimum wage for fast food-chain employees statewide to $15 per hour over the next few years. Someone who has just learned the concept of “minimum wage”, according to his intuitive sense, he makes the case that increasing minimum wage is harmful to those low-income people. in some elementary courses of economics, the first thing we learned is “the minimum wage is harmful to the people of lower level” this judgment. If the living wage increased, what happened? When minimum wage increase, some lowest profits enterprises will start losing money, so they have to some steps—reduce employment and output, and then marginal cost will reduce, and the price will increase. When markup
