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Through the analysis of the consequences of raising the minimum wage in the United States, many different factors have been taken into consideration – disparities in minimum wages in large cities and smaller cities, the effects of policies on small businesses, and the effects of such policies on large corporations. Raising the minimum wage is most detrimental to small businesses, as large corporations are more able to afford such a change while incurring minimal losses. In essence, an increase in the minimum wage would result in various consequences, affecting every business differently depending on their location, size, and structure.
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