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

question 97

Multiple Choice

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

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Definitions:

Punctuated Meaning

A situation where a sudden event or realization leads to a significant change in understanding or interpretation of a situation or concept.

Adaptivity

The ability to change or be changed in order to fit or work better in some context or for some purpose.

Karl Weick

An influential American organizational theorist known for his work on sensemaking, organizational behavior, and the process of organizing.

Nonprofit Organization

An organization that operates for the promotion of a certain cause or the well-being of a specific group of people, without profit being the primary aim.