At the beginning of 2004, Congress enacted a 15% increase in the federal minimum wage. At that time, Charlesville Hotdog and Beef Company employed 5,000 employees, with over 85 percent of the workforce making minimum wage. Despite the fact that the increase in minimum wage increased the operating expenses of Charlesville Co., the company reported record profits at the end of 2004.
Which of the following, if true, most helps to resolve the apparent paradox?
(A) Charlesville Co. spends more money
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Which of the following, if true, most helps to resolve the apparent paradox?
(A) Charlesville Co. spends more money
...