Offering stock packages may also help employers overcome the wage compression problems companies sometimes encounter during periods of full employment.
2.
Wage compression makes it profitable for firms to screen applicants under such circumstances, and selection wages may be important.
3.
A 2013 Center for Economic and Policy Research ( CEPR ) review of multiple studies since 2000 indicated that there was " little or no employment response to modest increases in the minimum wage . " The study indicated 11 reasons for this finding, the most important including : " reductions in labor turnover; improvements in organizational efficiency; reductions in wages of higher earners ('wage compression'); and small price increases . " Another CEPR study in 2014 found that job creation within the United States is faster within states that raised their minimum wage.
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