It is generally true that modest increases in the minimum wage help workers that keep their jobs more than it hurts workers that lose their jobs.

Question

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Studies have shown that modest increases in the minimum wage have positive effects on employees who remain employed, while having minimal negative effects on potential job loss. This is because an increase in the minimum wage can boost employee morale, reduce worker turnover, and increase productivity, which can benefit the employer in the long run. Additionally, workers who earn more money may spend more, which can stimulate the economy and create demand for new jobs. However, large increases in the minimum wage can have more significant negative effects, such as businesses reducing their workforce or increasing prices to offset the cost of paying higher wages.

It Is Generally True That Modest Increases in the Minimum