what else can i add on to this: Minimum wage has always been a hot topic. Lately, we have seen such a rise in how much companies are willing to pay employees, due to the inflation of things and lack of workers. In Missouri, the minimum wage is $11.15/hour. On the other hand, the federal government's minimum wage is $7.25/hour- a pretty big difference between the two. In a situation where an employee is subject to both the state and federal minimum wage laws, the employee is given the higher of the two minimum wages. The question though regarding if the federal government should raise the minimum wage or not brings about several subjective viewpoints on the matter. The positives of raising the minimum wage includes growing the economy and stimulating customer spending. However, to maintain capital and profits, the minimum wage cannot be too high. If the minimum wage is raised, this could create even more inflation and loss of jobs. Small businesses will sink because they do not have the revenue to be able to hire new employees with the high minimum wage.

what else can i add on to this: Minimum wage has always been a hot topic. Lately, we have seen such a rise in how much companies are willing to pay employees, due to the inflation of things and lack of workers. In Missouri, the minimum wage is $11.15/hour. On the other hand, the federal government's minimum wage is $7.25/hour- a pretty big difference between the two. In a situation where an employee is subject to both the state and federal minimum wage laws, the employee is given the higher of the two minimum wages. The question though regarding if the federal government should raise the minimum wage or not brings about several subjective viewpoints on the matter. The positives of raising the minimum wage includes growing the economy and stimulating customer spending. However, to maintain capital and profits, the minimum wage cannot be too high. If the minimum wage is raised, this could create even more inflation and loss of jobs. Small businesses will sink because they do not have the revenue to be able to hire new employees with the high minimum wage.

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter12: Managing Human Talent

Section: Chapter Questions

Problem 2DQ

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One reason employers might offer a particular employee benefit is to aid in recruiting certain types of workers. One example is a tuition reimbursement program to attract highly motivated employees. What other example of benefits are you familiar with that might be used to attract a particular type of employee? What types of employees are most attracted to these benefits?
Consider that you own a company and cannot pay the highest wages in the field. 1. What are the problems with not paying the highest wages?
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If you are a construction worker working for a contractor. Are you going to get the 15 rasied minimum wage biden is giving or you are not. Please Explain.
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SAS is involved in cutting-edge technology. Does this give it a distinct advantage in employee retention and satisfaction over, for example, Sloan ( a company that focused on the manufacturing of toilet components?) Do you feel that investing heavily in employee perks ultimately pays off for a company? Would you feel the same way during hard economic times, when the pool of highly qualified workers grows, and the number of available jobs shrinks dramatically?
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