<Insert Name>
Compensation Manager
<Insert Company Name> <Insert Address> <Insert City> <Insert Name>
Chief Executive Officer,
<Insert Company Name> <Insert Address> <Insert City>
RE: SOLUTIONS TO THE INCREASE IN THE MINIMUM WAGE RATE
The decision by the local legislators to increase the minimum wage rate from $7.25 to $7.75 may lead to a high increase in the cost of production of the company thus affecting its revenues. Although the new policy may not be good news for the company, it may work in its favor in the long term. This brief examines how the increase in the minimum wage rate by $0.50 will positively affect the ...
