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Give typing answer with explanation and conclusion
what does the effectiveness of minimum wage depend on?
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Solved in 3 steps
- Must 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 lasers, and what exactly do they win and lose? To what extent does the policy change achieve its goals?Graph Minimum Wage and show the winners and losers. Who benefits and who is harmed by Minimum wage?What are the main costs and benefits of increasing the minimum wage?
