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The cost of minimum wage employees varies depending on factors such as the minimum wage rate in a specific location, the number of hours worked, and the employer's additional costs like taxes and benefits. For example, if the minimum wage is $15 per hour and an employee works 40 hours a week, the weekly cost would be $600 before taxes and benefits. Employers also need to consider payroll taxes and any additional expenses, which can increase the total cost of employing minimum wage workers. Overall, the total cost can significantly differ based on local regulations and business practices.

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5mo ago

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