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Effects of Minimum Wage Effects of Minimum Wage According to the Fair Standards Act, all employers must meet or exceed a prescribed minimum wage rate. From time to time, this rate changes to compensate for inflation in the economy. This fluctuation has many different effects on businesses, local employment, as well as individual workers. I plan.
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2017Minimum Wage Minimum WageIndividual WorkersMinimum Wage RateTotal Expenses Increase