3 ms·
Are you kidding? Employers will frequently avoid paying higher wages; either by making employees part time, by not hiring additional employees, or by firing. "D
by greedo 7y ago
Are you kidding? Employers will frequently avoid paying higher wages; either by making employees part time, by not hiring additional employees, or by firing. "Do more with less..." is a management mantra for a reason.
- pytester 7y agoEmployers will always try to reduce their wage bill by getting rid of unnecessary workers. It's not something they do in response to minimum wage hikes, because if they could reduce headcount and maintain the same level of service, 99% of the time they already have. This is why it's inelastic. Employers naturally optimize their headcount no matter what the size of the overall wage bill is.