A recent article on the BVI News site entitled "Government considering hiking minimum wage" suggests that the BVI government has embarked upon a study to see the impact of a minimum wage increase. Please see the following link:https://bvinews.com/govt-actively-considering-hiking-minimum-wage/

Use at least 100 words to discuss the pros and cons of a minimum wage increase. Also discuss what benefits if any, would a wage increase have on the government, businesses, and consumers.