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The minimum wage hike could lead to increases in salaries for workers on higher pay scales. If companies don't take additional measures, costs will go up and shrink margins, companies could decrease employment or cut bonuses. Export sectors such as textiles could shift their production to other countries to avoid losing their competitive advantage.

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Reuters 8 years ago

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    "Tuncay Tursucu Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.quotes.net/citizen-quote/145964>.

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