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why changes in minimum wage can affect higher-paid employees

Question: Explain why changes in minimum wage can affect higher-paid employees as well.

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Question: Explain why changes in minimum wage can affect higher-paid employees as well.
Changes in minimum wages can affect higher-paid employees as well. If there is an increase in the minimum wage level, then those that are being paid at higher levels than the current minimum wage level are also paid more so that those that are at the minimum wage level do not get wages equivalent to those at the higher levels.
Moreover, when the minimum wages increase those receiving the minimum wages get improved opportunities for getting training and this increases the supply of higher-paid employees. Further, when the employers face an increase in the minimum wages they not only prune the number of workers who are being paid the minimum wages but also reduce certain benefits of all workers. They try to adjust their costs to the previous levels and this hurts the higher paid employees as well.

Question: Consider contemporary practices such as skill-competency-based plans, broad banding, market pricing, and pay-for-performance plans. Discuss how they may affect the pay discrimination debate.
In case of skill-competency-based plans: Skills manager performs online assessment based on well defined-job-skill profiles. The skill-competency-based plans are usually made to ...

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This explanation provides you a comprehensive argument relating to why changes in minimum wage can affect higher-paid employees as well

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