Which of the following is an advantage of a two-tier wage system?
A) It helps move jobs out of the country.
B) It helps eliminate jobs without any legal hassles.
C) It helps reduce labor costs without cutting employees' existing salaries.
D) It helps provide more pay to new employees.
E) It provides better standards for benchmarking.

Question

Quizplus · Accepted Answer

A two-tier wage system allows employers to hire new employees at a lower wage rate than existing employees. This helps reduce labor costs without cutting the salaries of current employees, making it an advantage for businesses. Choices A, B, D, and E are not advantages of a two-tier wage system.

Which of the Following Is an Advantage of a Two-Tier