Which contextual influence do you believe will pose the greatest challenge to companies' com$-$petitiveness? Explain your rationale.

$2-2.$ Should the federal government raise the minimum wage? Explain your answer.

$2-3.$ Do unions make it difficult for companies to attain competitive advantage? Explain your answer.

$2-4.$ What are some pros and cons of adjusting pay based on cost$-$of$-$living differences from

a company's perspective and an employee's perspective?

$2-5.$ Some people argue that there is too much government intervention, while others say there is not enough. Based on the presentation of laws in this chapter, do you think there is too little or too much government intervention? Explain your answer.