effects of government and minimum wage on business
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What is the nature of government's role in compensation? Also, if the minimum wage is increased, can this affect a higher-waged employee? How? Explain your answers.
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This solution of 221 words explains how government can effect businesses through mandating minimum wages.
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Government sets minimum wage as well as minimum salaries for certain professions such as construction workers and heavy equipment operators. Payroll is generally the largest expense of any corporation. In addition to paying the higher salary, employers have to match the employees Medicare and Social Security ...
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