explain why changes in minimum wage can affect higher-paid employees as well
Expert Answer
Primarily there are 2 reasons for the fact that minimum wage act can affect higher paid employee as well:
To remain competitive in the market, the employers would increase the pay for higher salaried employee as well because employers also fight in the market to retain the best of the talent and they might not want to lose better workers just because of lesser pay.
Also, it might create dissatisfaction among higher paid employees that low level employees are getting significant pay hike and they are at
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