Four Strategies Businesses Will Use To Cope With Higher Minimum Wages

Facebook
VKontakte
share_fav

Cities or states are enacting higher minimum wage rates. Businesses should consider one or more of these four strategies: reduce labor usage, substitute equipment for labor, move to a lower-cost area, raise prices. These categories are not mutually exclusive. A store near my office hires people to stand on the sidewalk [...]

view Forbes