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WSJ plays games with linked back articles so they resided behind a paywall.
To see the OP or any other WSJ article recently published just Google (or whatever news search engine) using the author's name. In this case "Anna Louie Sussman" will get you there.
As for the minimum wage it the article tells how employers are raising wages on their own to attract and retain key workers.
Nobody ever pays MW to "attract and retain key workers". But MW does set the baseline for low skilled work.
*Sigh*
You misunderstand. Meant that in regard to minimum wage employers often are paying above and offering further financial incentives to keep employees. As stated in previously there are fast food places here in NYC already paying $12/hr. or more and that includes Mikey D's.
Those making true MW IMHO are those in jobs quite frankly where the thing applies; low skill jobs that almost always historically were never meant to provide for a family or whatever.
Which brings up the second part of this MW debate; the idea of wage "inequality" in that supposedly we are all equal which is total BS. If the best someone can do at 35, 45 or even 55 years of age is a MW job and they have a wife along with several kids to support that speaks more to poor life choices.
You misunderstand. Meant that in regard to minimum wage employers often are paying above and offering further financial incentives to keep employees. As stated in previously there are fast food places here in NYC already paying $12/hr. or more and that includes Mikey D's.
Well, that's great for those individuals in those areas that have labor shortages today, but that's not everyone or everywhere nor is it necessarily a permanent situation. In six months or a year, there's nothing to prevent employers to start lower starting wages because there's been an increase in the workers available. The minimum wage puts a floor on wage rates.
Moreover, as other posters noted, some states have already raised their minimum wages above the federal level, either by legislation or by indexing, which means that those increases are likely affecting the statistics depending upon when the increases occurred. BTW, 29 states have minimum wages above the federal level.
Quote:
Originally Posted by BugsyPal
Those making true MW IMHO are those in jobs quite frankly where the thing applies; low skill jobs that almost always historically were never meant to provide for a family or whatever.
People don't live in the past. They live now, and the economy today is very different from the way it was in the 1950s or 1960s. Today there are lots of adults working in low paying jobs that only pay minimum wage or within a dollar or two an hour of minimum wage because those are the only jobs that are available to them. Sometimes that's because they lack skills, but sometimes it's because of where they live. In many small towns across the US, there are no jobs except at fast food joints or convenience stores.
Quote:
Originally Posted by BugsyPal
Which brings up the second part of this MW debate; the idea of wage "inequality" in that supposedly we are all equal which is total BS. If the best someone can do at 35, 45 or even 55 years of age is a MW job and they have a wife along with several kids to support that speaks more to poor life choices.
This is the arrogant observation of somebody who has not faced age discrimination and thinks he's immune to getting screwed over by his/her employer(s). Check out the Retirement Forum and the many threads about how hard it is for 50 somethings to find new jobs once they've been cut loose by long time employers in favor of younger workers.
Moreover, just because somebody has few or limited skills does not mean that he or she should be exploited or that the US or state governments should allow that exploitation. Furthermore, such exploitation discourages the ambitious working poor from improving their job prospects or from moving to other places where they could do better because they can't afford to cut back hours to attend school/training and/or they can't save up enough money to finance a move somewhere else.
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