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? Support your answer with specific examples.

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The Answer of 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? Support your answer with specific examples.

One Approach a Firm May Take Is to Pay Employees