Calculate the immediate financial impact in 2021 of the increase (change) in hourly wages. This increase will immediately affect the profitability of the company due to the impending increase in the minimum wage. Ignore tax issues such as employment tax in your calculation.    Job Category Wage/ Salary Number of Employees Hours per year Total I $8 6 2,000 $96,000   II $13 6 2,000 $156,000   III $18 3 2,000 $108,000   IV $22 2 2,000 $88,000   Manager $50,000 per year 2 Salaried $100,000     Total Labor 19   $548,000

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