In 300 words, answer the following question: Suppose that a 5% increase in the m

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In 300 words, answer the following question:
Suppose that a 5% increase in the m

In 300 words, answer the following question:
Suppose that a 5% increase in the minimum wage causes a 5% reduction in employment. How would this affect employers and how would it affect workers? In your opinion, would this be a good policy?
No AI, please. Include references in APA format.

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