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PilotLPTM [1.2K]
3 years ago
8

What are the cons to raising a minimum wage? ​

Business
2 answers:
Vika [28.1K]3 years ago
6 0

Hello there!

Cons of raising minimum wage:

  • Lower chance of hiring
  • More Layoffs
  • Not a lot of cash flow for the company

One of the cons of raising the minimum wage is the lower chance of hiring in a company. Since the companies want to be stabled with the amount of employees they have, since a company is losing money whenever they pay an employee. They will be in need of saving money, so they would lower the amount of people they are going to hire.

Another con of raising the minimum wage is a company having more layoffs. What the word "layoff" means is a company temporarily or permanently removing an employee from their company. if the minimum age increased, the companies would have to layoff a couple of workers from their company because the company would be losing money, especially when they have a lot of employees. The rise of minimum wage would hurt a company financially.

Another con of raising the minimum wage is not a lot of cash flow for the company. What this means is that the company isn't receiving a lot of money back form the products or things that they're selling due to the fact that they have to use some of that money to pay employees if the minimum wage increased. This is bad for a company because they need to receive cash flow in order to keep their company up and selling their products, if they can't do that, the company could shut down for financial reasons.

To sum it all up, a raise in the minimum wage would hurt an economy because the prices in the economy would increase, like taxes, products, etc. Everything would be so expensive to the point where people are becoming broke, and can't pay for things. Companies, the government, and other people would be getting a back lash from this.

tekilochka [14]3 years ago
3 0

Answer:

higher taxes

Explanation:

if we raise minimum wage the tax scale will also raise. our income bases off how much we pay in taxes. meaning more money, more taxes.

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Answer:

The correct answer is option a.

Explanation:

An interior decorator has moved his business from Los Angeles to St. Paul, Minnesota because his spouse's company transferred her to St. Paul.

The decorator is distressed because the customers in his target market have, in his words, "banal and bourgeois taste."

The customers in St. Paul have a different taste from the customers that he catered to in Los Angeles. The consumer tastes and preferences may differ from place to place according to the climatic conditions, social status, cultures, etc.

The problem with the decorator is that he does not understands that customer needs are not right or wrong, good or bad. It is not right or wrong if the customers in Minnesota have a different preference from customers in Los Angeles.

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3 years ago
Which of the following design tips can help make a presentation clear and effective?
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From this list, none are really the perfect solution to have a clear presentation but most likely it would be: C. Using a large font, since it will allow viewers from a long distance to be able to understand better.
4 0
3 years ago
Read 2 more answers
Fill in the missing amounts.
love history [14]

Let understand that the organized table are intended to calculate missing numbers on Income Statement for the two companies are drawn below.

  • Here, we are calculating missing columns for Monty Corp. and Whispering Winds Corp.

  • Also understand that the bold numbers are the columns calculated according to the question.

Particulars                             Monty Corp.    Whispering Winds Corp.

Sales revenue                         $90,000                $111,000

Sales return and allowance   <u>$6,000</u><u>  </u>                 <u>$5,000</u>

Net sales                                 $84,000                 $106,000

Cost of goods sold                 <u>$53,760 </u>                <u>$65,720</u><u>   </u>

Gross profit                             $30,240                 $40,280

Operating expenses               <u>$15,120 </u>                 <u>$19,080 </u>

Net income                              <u>$15,120</u><u> </u>                 <u>$21,200</u>

In conclusion, the formulae used to derived the bolded answers are:

  • Sales revenue - Net sales = Sales returns and allowance
  • Net sales - Cost of goods sold = Gross profit
  • Gross profit - Operating expenses = Net income
  • Net sales + Sales return and allowance = Sales revenue
  • Net sales - Gross profit = Cost of goods sold
  • Gross profit - Net income = Operating expenses

See similar solution here

<em>brainly.com/question/15062414</em>

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Answer:

c

Explanation:

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