The Effects of Major Retailers Raising Their Minimum Wages
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Re: The Effects of Major Retailers Raising Their Minimum Wages
#2“Utilizing data from approximately 7 million online job postings between February 2014 and February 2020, the researchers find that a 10 percent rise in average Amazon wages is associated with an increase of 2.3 percent in the average advertised wage at non-Amazon firms in the same labor market.”
Re: The Effects of Major Retailers Raising Their Minimum Wages
#3This seems to be missing some details. Are they comparing to only other large retailers, or non-Amazon employers across industries? Are they only comparing wage increases for minimum wage?
The reason I ask is that the increases could be diluted by including non-minimum wage jobs, or jobs in other industries. A .6-1% increase is way less than inflation. I suppose it's better than 0%, but still not a good thing. It seems many workers don't realize (or have no power to change) that they are being paid less if their pay doesn't rise as fast or faster than inflation.
Re: The Effects of Major Retailers Raising Their Minimum Wages
#4This seems to be missing some details. Are they comparing to only other large retailers, or non-Amazon employers across industries? Are they only comparing wage increases for minimum wage? The reason I ask is that the increases could be diluted by including non-minimum wage jobs, or jobs in other industries. A .6-1% increase is way less than inflation. I suppose it's better than 0%, but still not a good thing. It see…
Perhaps part of the reason for inflation is the rising minimum wages.
Re: The Effects of Major Retailers Raising Their Minimum Wages
#5I, for one, am shocked /s
But for real, it's great to have actual data on this.
Re: The Effects of Major Retailers Raising Their Minimum Wages
#6This seems to be missing some details. Are they comparing to only other large retailers, or non-Amazon employers across industries? Are they only comparing wage increases for minimum wage? The reason I ask is that the increases could be diluted by including non-minimum wage jobs, or jobs in other industries. A .6-1% increase is way less than inflation. I suppose it's better than 0%, but still not a good thing. It see…
Perhaps part of the reason for inflation is the rising minimum wages.
Maybe a part, at historical levels. Right now it seems to be driven moslty by monetary policy, supply issues (reduction in competition, increased demand), and labor supply issues (plays into minimum wage in so far that more employers are paying above it).
Re: The Effects of Major Retailers Raising Their Minimum Wages
#7This paper is a good rebuttal to talking points like this tweet that crop up from time to time: https://i.redd.it/b57t1w5jllb61.jpg
(I was trying to look up a similarly awful article referencing EMTs earning $minwage + $2 I saw a while back but googlefu is failing me)
Re: The Effects of Major Retailers Raising Their Minimum Wages
#8This seems to be missing some details. Are they comparing to only other large retailers, or non-Amazon employers across industries? Are they only comparing wage increases for minimum wage? The reason I ask is that the increases could be diluted by including non-minimum wage jobs, or jobs in other industries. A .6-1% increase is way less than inflation. I suppose it's better than 0%, but still not a good thing. It see…
Perhaps part of the reason for inflation is the rising minimum wages.
That's why you also need to take money out of the top to counteract this.
A wage crush is ideal, not a wage raise.
Re: The Effects of Major Retailers Raising Their Minimum Wages
#9This paper is a good rebuttal to talking points like this tweet that crop up from time to time: https://i.redd.it/b57t1w5jllb61.jpg (I was trying to look up a similarly awful article referencing EMTs earning $minwage + $2 I saw a while back but googlefu is failing me)
I must be missing something because to me that's literally the point - the minimum wage should cause other, more complex work wages to rise?
Re: The Effects of Major Retailers Raising Their Minimum Wages
#10When people get paid more, the prices of everything go up, including other people's wages. Inflation is often a self-reinforcing cycle.