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The consequences of an increased in the minimum wage is that it would actuate other low-wage someone to decline their occupations, and their household income would decrease.
A minimum wage is defined as the smallest amount of remuneration that a person, as an employer, are required to pay an employee for work completed during a specific time period.
It is neither the wage that employees believe they are committed to as a result of their work achievement or the marketplace rate for their employment.
Increased minimum wage rate increase most low-wage employees' earnings and household income, raising some households out of hunger, but it would also trigger other low-wage individuals to lose their jobs, and their household income would decrease.
Therefore, A minimum wage is the worst wage that employers can lawfully pay off their employees.
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