The Minimum Wage Impact to the Economy

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How Does the Minimum Wage Impact the Economy?
This question is critical in the country’s economic situation; it is essential to note that before the establishment of the Fair Labor Standards Act, employers would take advantage of the high rate of unemployment and pay their employees every little. Additionally, without a wage floor, most organizations and employers would still be paying less. Some cities, such as New York, have implemented policies that advocate for higher minimum wages.
The question about the impact of the minimum wage is critical since different people have varying explanations about the possible impacts low-wage employees more. Different perspectives obtained from responses to this question would help in comprehending the potential implications of increasing the minimum wage. Different states whose minimum wage exceeds the federal rates. Ideally, t...