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One approach a firm may take is to pay employees as little as possible if unemployment is high enough that if one employee leaves,
One approach a firm may take is to pay employees as little as possible if unemployment is high enough that if one employee leaves, another can be hired. Another approach is to pay employees a living wage because it raises morale and productivity while decreasing turnover and the hiring costs associated with replacing workers. Which position do you take on this issue? Discuss, analyze and provide examples from the assignments, lectures and textbook to support your arguments
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