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What is the likely impact on the industry

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There are various movements to increase hourly wages in the US. This would include supermarkets. The federal government is considering legislation mandating a $15 minimum wage per hour, up from $7.25 today. Although some states have raised it, e.g. New York has a $12.50 minimum wage, assume that most states are at or near $7.25.

What is the likely impact on the industry? Which segments would be helped and which ones hurt by the change? Limit your answer to five bullet points or sentences.

Reference no: EM133033795

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