Answered

what alternatives did some employers use to lesson the impact of the change on their bottom line?
actually economics but wasn't listed

Verified Answer :

The alternatives that some employers use to lessen the impact of the change on the bottom line are :
- cutting down some employees, to reduce wage expense
- Selling some unused depreciated assets
- Do a tax planning, (like postponing their tax payment for the following year)

hope this helps

micahdavid126

Answer:

Companies would raise the prices of their products/services, change the hours of the workers, and be selective when picking employees so they would be the most productive candidates.

I believe that the minimum wage should be increased. Raising the minimum wage makes companies choose the most productive employees for their companies which would inevitably make the products and services higher quality for the customers. Additionally, the increase in wage would make the employees happier which would increase productivity and customer satisfaction even more. As for the entrepreneurs, the challenge of handling the change could be used as an opportunity that they could strategically take advantage of to improve their business.  

All in all, raising the minimum wage would allow businesses the opportunity they need to grow while allowing customers and employees to improve their lifestyle in one way or another

Explanation:

Related Questions