Ask Question
BusinessBusiness
6 October, 18:19

Why do some workers lose their job when the minimum wage is​ increased?

+3
Answers (1)
  1. 6 October, 18:32
    0
    The company can't afford to pay their employees. If you have 100$ you can have ten people working for 10$ an hour and pay everyone for one hour. You can't have 10 people getting paid 20$ because the company would lose money. So if they are paid 20$ per hour, the company can only afford to hire 5 employees.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Why do some workers lose their job when the minimum wage is​ increased? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When the environment becomes more turbulent and unpredictable: a. External consultants need to play a greater role in strategy making b. Strategy becomes an impossible exercise c. Strategy becomes less important than intuition d.
Answers (1)
Suppose that u. s. interest rates are 4 percent more than rates in the european union. would you expect the dollar to appreciate or depreciate against the euro, and by how much?
Answers (1)
When considering the growth of the human population, how is the annual growth rate determined?
Answers (1)
People who are unemployed because wages are, for some reason, set above the level that brings labor supply and demand into equilibrium are best classified as a. structurally unemployed. b. frictionally unemployed. c. discouraged workers. d.
Answers (1)
Neue Inc reports net income of $500,000; during the year, the company declared $100,000 in preferred stock dividends and had an average of 250,000 shares of common stock outstanding. Earning per share rounded to the nearest cent will be:
Answers (1)
New Questions in Business
In the united states today, what gives money its value?
Answers (2)
An employer has the right to monitor workers electronic communications if
Answers (1)
What is a kind of federal payroll tax A) Medicare tax B) sales tax C) property tax D) progressive tax
Answers (2)
The Rye Corporation has provided the following information: Total sales were $1,240,000. Beginning net accounts receivable was $49,000. Ending net accounts receivable was $63,000. Sales returns and allowances totaled $108,000.
Answers (1)
It's important to know whether you've paraphrased and cited source material for your paper correctly so you avoid plagiarism. Read the original quote below and the two attempts to paraphrase it.
Answers (1)
Home » Business » Why do some workers lose their job when the minimum wage is​ increased?
Sign Up Forgot Password?