he Minimum Wage model
Businesses are able to absorb the cost of any increases in the wages provided.
Workers are presently underpaid vis-a-vis the amount of effort that they put in – resulting in negative economic consequences such as under-consumption within the domestic economy.
Businesses are willing to accept (through heavy incentivizing or coercion) to accept the increased costs that they must incur as a result of this action
The effect of fatigue, insecurity and demoralization are a primary cause of productivity decreases and stagnation, either through an unwillingness to take risks, or an inability to concentrate for psychological reasons.
The effect of increased salaries result in sufficient beneficial results, such as additional consumption, greater ability and willingness to partake in entrepreneurship, better ability to take on new skills and increased tax revenues will outweigh the negative effects such as increases in unemployment, withdrawal of business opportunities and consequences of violations of trade agreements with other countries, if any.
he Minimum Wage model Businesses are able to absorb the cost of any increases in the wages provided. Workers are presently underpaid vis-a-vis the amount of effort that they put in – resulting in negative economic consequences such as under-consumption within the domestic economy.Businesses are willing to accept (through heavy incentivizing or coercion) to accept the increased costs that they must incur as a result of this action The effect of fatigue, insecurity and demoralization are a primary cause of productivity decreases and stagnation, either through an unwillingness to take risks, or an inability to concentrate for psychological reasons.The effect of increased salaries result in sufficient beneficial results, such as additional consumption, greater ability and willingness to partake in entrepreneurship, better ability to take on new skills and increased tax revenues will outweigh the negative effects such as increases in unemployment, withdrawal of business opportunities and consequences of violations of trade agreements with other countries, if any.
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