Will a higher minimum wage make people happier?

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Not really. When the government raise the minimum wage, the inflation in the country is also getting higher. Labor wage increase mean production cost also increase, when the production cost get higher, the Product will become pricey. Because inflation decrease the value of money. It is mean you need more money to buy goods or services.

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Yes. But the fact is employees will not be happy with only higher wages. They also require good working environment, efficient management, incentives for good work and respective relations with the employer.

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