Some companies may not be able to afford the minimum wage due to various reasons such as having a small profit margin, high operating costs, or being in a highly competitive industry. Additionally, some businesses may be in the early stages of development and may not have the financial resources to pay their employees the minimum wage. Furthermore, economic downturns or unexpected expenses can also impact a company's ability to afford the minimum wage. **

Companies can go under because of the minimum wage due to increased labor costs. When the minimum wage is raised, companies that rely heavily on low-wage workers may struggle to cover the higher payroll expenses. This can lead to reduced profits, potential layoffs, or even closure if the company is unable to adjust its business model to accommodate the increased costs. Additionally, small businesses with narrow profit margins may find it particularly challenging to absorb the impact of a higher minimum wage, putting them at a higher risk of going under. **

No, the hourly wage is not equal to the net wage. The hourly wage is the amount of money a worker earns per hour before any deductions, such as taxes and benefits. The net wage, on the other hand, is the amount of money a worker takes home after all deductions have been made. Therefore, the net wage is the actual amount of money the worker receives, while the hourly wage is just the rate at which they are paid. **

Nominal wage refers to the amount of money an individual earns in their job, while real wage takes into account the purchasing power of that money. Real wage is adjusted for inflation, meaning it reflects the actual value of the wage in terms of what it can buy. Therefore, the main difference between nominal wage and real wage is that nominal wage is the amount stated on a paycheck, while real wage factors in the impact of inflation on the purchasing power of that wage. **

To calculate the net wage from the gross hourly wage, you first need to determine the number of hours worked in a pay period. Then, multiply the gross hourly wage by the number of hours worked to get the gross pay. Next, subtract any deductions such as taxes, insurance, or retirement contributions to arrive at the net wage. Finally, the net wage is the amount of money an employee takes home after all deductions have been subtracted from the gross pay. **

The hourly wage is typically calculated based on the gross wage, which is the total amount of money earned before any deductions such as taxes, insurance, or retirement contributions. This is the amount that is agreed upon between the employer and employee and is used to determine the hourly rate. The net wage, on the other hand, is the amount of money that the employee actually takes home after all deductions have been made. **

I believe that the minimum wage is an important tool for ensuring that workers are paid a fair and livable wage. While some companies may argue that increasing the minimum wage will lead to higher operational costs, I believe that paying workers a fair wage is essential for creating a more equitable society. Additionally, research has shown that increasing the minimum wage can lead to higher productivity, lower turnover, and increased consumer spending, which can ultimately benefit companies in the long run. Overall, I believe that a fair minimum wage is crucial for both workers and businesses to thrive. **

Wage justice is the concept of ensuring that workers are paid fairly for their labor. It is fair because it promotes equality and helps to reduce income inequality. By ensuring that workers are paid a fair wage for their work, it helps to create a more just and equitable society. However, what constitutes a fair wage can vary depending on factors such as the cost of living and the value of the work being performed. **