Business Finance Homework Help

I’m working on a business question and need an explanation to help me learn.

• Most government policy decisions have winners and losers. What are the effects of raising the minimum wage?
• It is more complex than simply producers lose and workers gain.

Who are the winners and who are the losers, and what exactly do they win and lose?

To what extent does the policy change achieve its goals? Please explain intuitively and by graph.