Why did some low-paying companies raise hourly wages in the mid-2010s?
A)To address the problem of growing income inequality in the country
B)To avoid having to hire new employees in a tight labor market
C)To compensate for decreased health care benefit packages
D)To circumvent legislative efforts to increase the minimum wage
E)To draw educated candidates with potential to become managers

Question

Quizplus · Accepted Answer

In the mid-2010s, a tight labor market meant there were fewer available workers, prompting companies to raise wages to retain existing employees and avoid the costs and challenges associated with hiring new ones.

Why Did Some Low-Paying Companies Raise Hourly Wages in the Mid-2010s