How To Raise Minimum Wage

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There are many consequences of raising the minimum wage. Because there will be many suppliers of labor who are eager to receive a higher pay, there will be a surplus of workers. However, there would be no increase in the amount of job openings available so the demand for workers would remain the same. As a result, unemployment would increase across the nation.
On one hand, people who get payed minimum wage would most-likely benefit from the minimum wage increase. Their income would increase and therefore they would have money to spend on things like grocery and clothes. As a result money gets pumped into the economy. On the other hand, people who are looking for jobs wouldn’t benefit from the increase of minimum wage because there would be

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