Raising the minimum wage is a contentious issue that often divides stakeholders. On the one hand, advocates argue that raising the minimum wage can reduce poverty, increase consumer spending, boost productivity, and promote social justice. On the other hand, opponents claim that raising the minimum wage can increase unemployment, reduce profits, raise prices, and harm small businesses. In addition, another …

A progressive tax rate is a system where the percentage of tax paid increases as the income or wealth of the taxpayer increases, while a regressive tax system is one where the percentage of tax paid decreases as the income or wealth of the taxpayer increases. A progressive tax system is often designed to achieve greater income equality and reduce …