Minimum Wage Rate

Minimum Wage Rate

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Expect to take approximately 2-3 pages written in APA format (double-spaced, 12-point font) to complete this assignment. Your work will be graded on completeness, clarity, originality, interest, APA format, grammar, and spelling and punctuation.

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Changes in Costs. Governments often seek to address workers’ welfare in the economy by making regular adjustments to the minimum wage relative to changes in the economic environment. However, in as much as the changes are welcome to the employees, they often result in increases in costs of running the business. The current 0.5$ minimum wage rate increase will result in a corresponding increase in the cost of running the business by 6.9%, considering that a majority of the employees were previously salaried at the minimum wage. These costs would culminate…….

APA 877 words