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From course:

GCSE Business 2020-2022 OCR

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Question:

What are the Effects of the National Minimal Wage?

Author: eric_galvao



Answer:

-The Wage Costs will increase, for those who were paid Under -The Increase could see a Loss in Jobs, to make even. -Automation could be used, instead of Labor -Businesses can pay Above the Limit, this Attracts, Retain and Rewards Staff -If found paying employees Under the Minimal Wage, Legal Action and Reputation loss can end a Business


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