Explain and defend minimum wage

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Reference no: EM132898990

INTRODUCTION:

The concept of paying people fairly can become complicated. It includes trying to allocate and compensate workers in the most effective manner for the company, but it takes judgement, wisdom, and a moral imperative to do it fairly. Managers must balance issues of compensation equity, employee morale, motivation, and profits-all of which may have legal, ethical, and business elements. In recent years the "Fight for Fifteen" movement has advocated for a national minimum wage of $15 per hour. It has been implemented in several places around the country.

QUESTION: Explain and Defend why a $15 minimum wage merely shutters businesses, forces businesses to work around this requirement, and ultimately harms the very people that the $15 minimum was meant to help. Use defending arguments to support why the $15 minimum wage is too high

Reference no: EM132898990

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