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  1. Home
  2. /Glossary
  3. /Wage Compression
People/HR

Wage Compression

The phenomenon where minimum wage increases reduce the pay gap between entry-level and experienced workers, potentially harming morale and retention.

Related Terms

Minimum Wage Impact

The effect of local, state, or federal minimum wage changes on labor costs, pricing strategies, automation investment, and staffing models in QSR operations.

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