Quote:
Originally Posted by Alfisti
I'm always in two minds with this. As a former employer of entry level folks I can see the need to temper wages as the costs are real to employers but coming from Australia, where entry level jobs have always, always paid a TON more than the USA, they seem to make it work just fine.
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How though? You’re the second person brining up some other country. I have no personal experience with how it works in other countries but the math is the math.
If you raise wages you either have to increase prices, cut somewhere else or lower profits and I’m willing to bet most big corporations will not do the latter.
Maybe Australia uses special math, but if that’s the case why stop at $20/hour? If raising labor costs has no negative effects why not keep going? I’m sure there are plenty of places you can’t live in for $20/hour. Why not $30 or $50 or $480/hour so everyone can become a millionaire in a year.