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As economies evolve and structures change, minimum wage becomes a crucial indicator for every country or region. Then, the minimum wage changes can significantly impact
As economies evolve and structures change, minimum wage becomes a crucial indicator for every country or region. Then, the minimum wage changes can significantly impact many people's living standards and the costs for factories and shops and trigger numerous chain reactions. Furthermore, most of the time, every issue has its pros and cons, the same as the change in minimum wage. From supporters' perspective, increasing the minimum wage can reduce poverty, stimulate consumption, motivate employees, and reduce government burdens. However, from the opponents' view, raising the minimum wage may increase business costs, lead to higher
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