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?

- Raising minimum wage will increase the income of workers and also raise the cost of for employer. Thus, supply of labor will increase while demand for labor will decrease.

- However, it is more complex than workers is the winner and employer is the loser once the minimum way is risen by the government. As firm has targeted profit level or even they can only maintain business at a certain cost level, the compulsory increase in wage forces them to find ways to keep labor cost at the same level, some measurement such as hire less skilled workers, cut working time or exclude/minimize benefits besides wages ( such as travelling, learning opportunities, other allowances) may be taken. Moreover, with a higher salary base, firm's profit may not be maintain as expected, thus bonus might be cut. Total employee's benefits from their work may not be increased in the end.

- So, both employees and employers seem to be looser in the scenario. With employees, those who are unemployed may find it harder to find job as demand for labor decrease,while supply for labor increases; those who are employed may not see actual increase in their total benefits. With firm, they will have to struggle to keep the labor cost at an appropriate level following the pay rise without any certain evidences that productivity or labor's quality will be enhanced.

- In conclusion, the policy change does not help to achieve its goal which is to improve employee's income. In fact, current employees may see an unchanged total benefit received from works and current unemployed may find it harder to find jobs as demand for labor decreases while supply for labor increases.  

Explanation:

if i need to borrow money for anything, it would be for something like a house or an apartment but, that depend on the situation.

is this good enough?