True for small businesses, public traded companies not so much. But in order for a small business to grow, their employees need to be vested in its growth, this wont happen if they are paying mediocre wages. They also wont be able to hire the talent, if the starting pay is right at the borderline of the poverty level.
So again, what is it that the employee or prospective employee is bringing to the table that dictates a higher wage?
Also refer to plots 70. Does the are in witch they are working/ living dictate a higher wage for the talent the employee brings to the table?
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