It encourages spending, which increases other kinds of tax.
<u>Explanation:</u>
Increasing the minimum wages increases the standard of people from the poverty line. It not only increases the welfare but also increases the spending among the people. But raising the wages also creates a negative effect causing inflation and higher costs for the business. This would decrease the profit of the firm.
The spending profile of employees helps us to access how they spend their extra earned money on purchasing things which is acquired by the government in the form of taxes. The combination of these direct and indirect effects results in lower economic activity.
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to protest for jobs and freedom for African Americans. King delivered his iconic “I Have a Dream” speech on the steps of the Lincoln Memorial. The March on Washington is credited with helping pass the Civil Rights Act of 1964
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The 1860 Democratic National Conventions were a series of presidential nominating conventions held to nominate the Democratic Party's candidates for president and vice president in the 1860 election. The first convention, held from April 23 to May 3 in Charleston, South Carolina, failed to nominate a ticket.
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