Answer:
Increasing the minimum wage would not be a good policy.
Explanation:
The increase in the minimum wage would result in a spike or increase in the cost of production. The employer has to reduce the number of employees. As a result, output more than likely will be affected.
In theory, increasing the minimum wage is not a good policy.
The site and situation factors that are considered by industries in their decision to move their manufacturers south of the border into Mexico is given below:
Situation factors :
- This includes costs linked with the set up transportation networks that is only accessible from a particular place.
- Skilled labor and rapid delivery to market.
Site factors
- costs linked with Land, labor, and capital.
<h3>Why are situation factors vital?</h3>
They are known to be vital because factories finds ways to identify a location that best suit the pint where their production cost is said to be minimized.
Note that the critical industrial location costs are part of some situation factors that firms do consider along with site factors when setting up an industry.
Learn more about Situation factors from
brainly.com/question/16894587
Answer:
The 1995 Lobbying Disclosure Act defined who can and cannot lobby, and requires lobbyists and interest groups to register with the federal government.
