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Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
4 / 852 |
Essay's paper body
Alternatively, some employers may offset the cost
of the increase in wages by automating, hiring fewer employees, reducing the
hours, or limiting fringe benefits. Some businesses that are not able to shift
the effects of the higher minimum wage may reduce economic activity in
California. This would most likely occur in industries that have a large share
of expenses for low-wage workers or that are subject to competition from other
states and other countries...
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This would most likely occur in industries that have a large share
of expenses for low-wage workers or that are subject to competition from other
states and other countries.
In my view, an increase in the minimum wage would result in some decline
in employment and business activity in California relative to what would
otherwise have occurred...
Essay fragment
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