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A company faces a sustained drop in product demand and, to prevent layoffs, proposes a 5% wage reduction for all its employees. The employees strongly oppose this measure, even though the alternative might be job losses for some. Which of the following best explains this widespread resistance?
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A company faces a sustained drop in product demand and, to prevent layoffs, proposes a 5% wage reduction for all its employees. The employees strongly oppose this measure, even though the alternative might be job losses for some. Which of the following best explains this widespread resistance?
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