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Irina-Kira [14]
4 years ago
12

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

Business
2 answers:
PolarNik [594]4 years ago
6 0

Answer:

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.

Explanation:

Julli [10]4 years ago
4 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. 
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