3 little questions about the minimum wage.

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ANALYTICAL REASONING

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:

a. Employees

b. Employers

2. This increase in the state minimum wage is:

a. An opportunity

b. A Threat

c. Both and opportunity and a threat

3. What does a company do about this (other than the obvious of raising the minimum wage)?