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Amazon recently announced that it would pay all of its employees a minimum $15 per hour, more than double the federal $7.25 minimum wage. Many of its employees are in occupations and parts of the country that would earn at the minimum wage. So, occasionally, firms find it beneficial to pay above (or even below) the equilibrium wage rate.
a. Why do you think a firm would pay its workers (office, warehouse, etc.) above-market wages?
b. Why do you think a firm would pay its managers above-market wages?
c. Some firms used to set up employment contracts where workers were paid below-market wages early on and then above-market wages later in a worker's career. Why do you think these types of contracts were used? Also seen with these contracts was a pre-determined mandatory retirement date; why would this be an important part of such a contract?
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No doubt the Social media outreach is an important concept for the coming years as well. Small businesses are especially benefiting from this since it is very inexpensive and reaches the target audience. Can you quote two examples of SME's using t..
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work specialization and brainwashing1.please elaborate on the statement belowwork specialization can be best described
Residents have voiced concerns about the quality of the bakery products served in the coffee shop. Develop a fishbone diagram of possible causes. Describe how the Pan-Do-Check-Act cycle might be implemented as part of a quality management program.
If the goal of the Central Bank is to achieve economic efficiency, what type of monetary policy should be used in response to this event? Show graphically and explain.
What motivates consumers to make the decisions they do? How do health care organizations market to specific groups of consumers? In this Discussion, you will explore these questions and the connection between them.
The theory of comparative advantage states that there are gains from trade if countries specialize and optimize their opportunity costs.
Describe 2 - 3 combinations of independent variable. What type of results could regression analysis yield? How could you use the knowledge gained from the test?
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