What hes referring to is called the spillover effect. When an industry is hiring at a certain compensation rate, others will raise their compensation rates to compete for good employees. Once enough folks are hired into these positions, they evidently take it for granted that theyre just getting what they deserve and they fought on their own to get themselves that wage. Not so. It was the work of organized laborers getting paid less than you (or maybe as much as you, considering compensation practices in the last few decades) fighting hard for your right to earn a living wage with a 40-hour work week. If an industry cant function paying that to their employees in a market-based economy, why the hell do they think they deserve to stay in business? Note: they would be benefiting in business from every other companys employees being paid at least a living wage as well.
Posted on: Sun, 14 Dec 2014 07:01:21 +0000
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