How To Raise Minimum Wage

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There has been quite a lot of talk about raising minimum wage. While this seems to be a great idea, after you analyze this matter you may think otherwise. Not only will this hurt the workers raising minimum wage will also be bad for the economy, consumers, and small businesses.

Many people may say raising minimum wage is a good thing, but it will prove to be a nightmare for workers. Since businesses have a certain amount of money for workers they will do one of two things to compensate for a minimum wage hike. Due to this increase the workers will earn less money, because employers will either fire workers or cut back on the hours that the employees can obtain. With an increase in minimum wage jobs will certainly be lost, in 2014 a report

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