I am Tommy from the small town Larvik in Norway. After finishing high school and my service in the military, I lived for a decade in Oslo, Norway, during which I got married, and got my master’s…
Money plays a big factor in our daily lives; we use it for our satisfaction. The more we spend, the healthier the economy, therefore raising the minimum wage would make sense. However, raising the minimum wage would cause employers to cut hours from their employees which results in less money in the employees’ wallets, which ultimately results in less spending, which leads to a weaker economy. To have a strong economy, the employment rate must be high, and consumer spending has to be there, but with the increase in minimum wage, I do not think it will be feasible.
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