Increases in minimum wage - how do they affect the economy?

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Seeking Alpha has an interesting article in which they talk about the increases in minimum wage throughout North America this year. Some of the legislation has already passed (eg. Ontario) and other provinces and states are quickly following suit. Industries facing higher labour costs would be most affected, while general retailers generally will outperform. I'm going to have a closer look at food and dollar stores in the next little while.

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