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Just as Tucker was about to make a decision, the employees heard rumors of the expansion and immediately demanded that their contract be re-negotiated. The
Just as Tucker was about to make a decision, the employees heard rumors of the expansion and immediately demanded that their contract be re-negotiated. The employees backed up their threats with work stoppages and demanded a 15% increase in wages. Calculate the impact of a 15% increase in labor. How does a 15% increase in labor expense change the viability of the project? How would you approach this situation from a financial and business perspective?
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