Question

What is a short-term benefit for a company to regularly keeping wages low?

Answer 1

Answer:

The company can keep costs to a minimum.

Explanation:

This is the advantage that such a strategy would have for a company in the short-term. A company that regularly keeps wages low is likely to save money initially. However, this strategy is not a successful one in the long term. Such a company would most likely have employees who are unhappy or unsatisfied with their job. It would also lead to a high turn-over due to employees being demoralized.