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Minimum Wage Advantages

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There has been quite a heated debate the last couple of years about the effects of increasing the minimum wage in both Canada and the USA, the question still remains “Is it better to pay above-average hourly wage?”. Despite the possibility of negative effects from a higher than average hourly wages, the positives results of such practices outweigh said negatives. Most businesses believe the conventional wisdom that a high hourly wage can run the risk of driving up production costs and decrease revenue from potential sales. In reality increasing wages and paying new employees above minimum wage can create more positive solutions for a company instead of problems.

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