Double Wages Could Hurt Cos
The government is considering doubling the minimum wages, which will certainly benefit the employees. However, the move may cause severe stress to employers, all of whom may not have the capacity to pay the revised wages. This, in turn, may prompt unscrupulous employers to resort to various dishonest tactics. For instance, some employers may consider reducing the workforce and pushing the fewer employees at their disposal to do more work. From a national perspective, the government must have some guidelines that accompany such policies that are beneficial only to one party.