Companies will spend more on their employees which will make them increase prices to compensate for the decrease in profits. Smaller businesses that hire employees will also be forced to downsize and generally, the change in minimum wage is an inefficient economic method. Instead, focus should be placed on price gouging or hiking by private companies due to greed. Market restrictions are required and investigations into overpricing should be added. Overpricing should be classed as scamming and made a crime.
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