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When minimum wage increases for workers how does this affect the supply curve for a company?
Wiki User
∙ 9y ago
When minimum wage increases for workers this affects the supply curve upwards for the company. This will mean that the cost goes up which pushes the curve to the left.
Wiki User
∙ 9y ago
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How does minimum wage and safety laws affect wages?
Minimum wage prevents companies from paying employees less than what they are worth, safety laws keeps these workers safeRead more http://www.kgbanswers.com/how-do-minimum-wage-and-safety-laws-affect-wages/21422709#ixzz2l4j2RJaK
How does investing in human capital affect GDP?
it increases it (gdp)
How does consumer confidence affect the economy?
Increases purchases from producers
How does logging affect the economy?
Logging increases the economy if the logs are exported.
How can suppliers affect company's productivity?
they cant
How does the National minimum wage affect workers and firms?
This law determines how little money a company can pay to its workers. Without it, a company can make a worker's wage ridicously low.
How can the government affect the wage of workers?
By increasing or decreasing the minimum wage.
How does minimum wage and safety laws affect wages?
Minimum wage prevents companies from paying employees less than what they are worth, safety laws keeps these workers safeRead more http://www.kgbanswers.com/how-do-minimum-wage-and-safety-laws-affect-wages/21422709#ixzz2l4j2RJaK
How minimum wage and safety laws affect wages?
Minimum wage prevents companies from paying employees less than what they are worth, safety laws keeps these workers safeRead more http://www.kgbanswers.com/how-do-minimum-wage-and-safety-laws-affect-wages/21422709#ixzz2l4j2RJaK
Who is impacted most from minimum wage laws?
Minimum wage laws affect employees who earn the minimum wage as well as business who pay the minimum wage to its employees. Increasing the minimum wage improves the quality of life for those who earn at or near the minimum wage, however, it can cause businesses to hire less employees or reduce staffing levels. That leads to higher unemployment for unskilled workers, who are the people that generally earn minimum wage. Those who earn minimum wage are probably most directly impacted by minimum wage laws. The laws also change the behavior of businesses by affecting staffing levels or passing cost increases on to their customers.
How does. Increasing the numerator of a fraction affect its size?
It increases it.
How does fartlek affect a performer?
Increases stamina and endurance and increases their muscle durability.
Why does temperature affect the rate of osmosis?
as the temperature increases, the rate of osmosis increases
How did policy of fordism affect workers?
The policy of Fordism affect workers because they gained higher wages and could buy more goods.
How does increasing the numerator affect its size?
It increases it.
How do floods affect river velocity?
Increases it
How does food affect plant?
it increases its growth
