3 little questions about the minimum wage.
According to www.govdocs.com (November 13, 2018) the minimum wage in Arkansas was $8.50 in 2018, and on November 6, 2018 Arkansas Voters passed Issue 5 to increase the state minimum wage to $9.25 January 1, 2019.
1. Analyze the impact of this increase in the state minimum wage on:
2. This increase in the state minimum wage is:
c. Both and opportunity and a threat
3. What does a company do about this (other than the obvious of raising the minimum wage)?