minimum wage increase

A minimum wage increase means the lowest legal amount employers can pay workers per hour is raised. This helps workers earn a fairer income, reducing financial strain, especially for those relying on low-wage jobs. It aims to improve living standards and support economic fairness. However, it may also lead to increased costs for businesses, which could influence hiring or prices. Overall, the change balances the goal of fair pay with potential economic impacts, ensuring workers are compensated more adequately for their work.