What are Economic Effects of Minimum Wage Increase? | From A Business Professor
Автор: Business School 101
Загружено: 2025-02-11
Просмотров: 1409
Описание: In early 2024, the state of California officially raised its minimum wage to $16 per hour, sparking renewed debate over the potential benefits and challenges of increasing minimum wages across the U.S. Proponents argue that this will help workers cope with rising living costs, while opponents warn of potential job losses and higher costs for businesses. But what are the real economic effects of raising the minimum wage? In this video, we’ll dive into the major impacts of a minimum wage hike—how it influences workers, businesses, and the broader economy, using real-world examples to give a balanced view of this complex topic.
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