Currently, recruiters, HR managers, and owners in a variety of businesses are expressing frustration with the current staffing issues. They are experiencing difficulty in attracting and retaining staff. While there may be a variety of reasons causing this, one issue could be pay and benefits. According to Business Insider, April16, 2021, large US companies have publicly raised their minimum wages during the past few years. Costco recently raised its minimum wage to $16 an hour, and Target and Amazon have raised their wages to $15 an hour a wage that many Democratic lawmakers want to become the federal standard. Think about what you have learned from the textbook regarding compensation strategies, policies, and implementation and answer the following questions. 1. What impact do think the increases having on market rates and why? 2. What do you think businesses struggling to find workers do? 3. How should pay compression be addressed? 4. What problems could arise by not addressing pay compression? 5. Have you personally seen the effects of the labor shortage in your organization? Each question is worth 5 points. Double-space your answers. The number of the question needs be included but not the question itself. This assignment will likely be a full one-page long when completed thoughtful and thorough is more important than length.