You can be paid more per hour but you’ll work fewer hours. Or the company will need to reduce staff altogether and you may be one of those affected.
Employees will make more if wages go up, so margins will reduce and shareholders will be affected by reductions in dividends and/or share prices.
There always seems to be easy answers. However, that is rarely the case. Tough decisions need to be made after careful assessment and an understanding of how best to balance the various constraints and options.
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