Increasing the minimum wage is necessary for workers have a decent living. Increasing the minimum wage in necessary to enable people...
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...um wage is necessary to enable workers to have a decent living. All economists agree that increasing the minimum wage is inevitable and is also a necessary trade off. While there claims that increasing the minimum wage can lead to significant job losses. Numerous studies have shown that in many situations there are often no losses, or the losses are often minimal. Studies also show any negative impact in the economy diminishes quickly over time. Furthermore, increasing the minimum wage create more opportunities for hardworking Americans to improve their lives. Workers will also have the power to purchase more products and services which will lead to increased profitability of firms and create more opportunities of employment. Increasing the minimum wage will also supercharge the ailing American economy and help it recover quicker from the recent financial crisis.
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