sleepyjess
  • sleepyjess
Need a little help please :) How would raising the minimum wage make taxes increase?
Economics - Financial Markets
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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RANE
  • RANE
Raising the minimum wage would help stimulate the economy due to the increased spending power of workers receiving higher wages. Increase spending will lead to large production of goods & services which then lead the economy in to the peak/boom phase. As the economy stimulates towards this phase, the increase in production/consumption allows governments to increase taxes.
sleepyjess
  • sleepyjess
That makes sense :) Thank you so much!
RANE
  • RANE
Any time :)

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