11–20 of 173 posts
This 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)
This 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)
This 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…
Wouldn't there be a stair-step effect eventually? For example, licensed vocational nurses are typically in the next tier up, with ~$20/hour entry level pay. But it's hard work. If you aren't paying more than the jobs that used to be minimum wage, but now aren't, you won't be able to hire anyone.
Then rinse and repeat that for the 3rd tier.
When people get paid more, the prices of everything go up, including other people's wages. Inflation is often a self-reinforcing cycle.
There was almost nothing about the myriad of other effects, including things like inflation, effects on already higher wage earners, effects on automation, and more.
They touched on the increase in unemployment from competitors, but that was it.
This 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)
This 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)
It's shocking how little we pay the people that spend so much time with our kids.
This 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.
If it was to match inflation it would be more than $15 [2] And if it was to match productivity, it would be even more [2][3]
[1]https://www.epi.org/publication/labor-day-2019-minimum-wage/
[2]https://edition.cnn.com/2021/02/21/politics/minimum-wage-inf...
[3]https://cepr.net/this-is-what-minimum-wage-would-be-if-it-ke...
This 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…
""" We calculate the bite of the large retailer’s minimum wage as the fraction of job ads by other employers with pre-period wages below the announced minimum wage, within detailed occupation, employer, and commuting zone (“CZ”) categories. This approach mirrors that of papers estimating the causal effect of the federal minimum wage using state-level variation in the portion of the state’s wage distribution under the new higher minimum wage (Card, 1992; Bailey et al., 2021). Here, however, we are able to exploit variation in bite at a much finer level, across tens of thousands of employers and hundreds of occupations and commuting zones. This level of variation allows us to precisely estimate effects and conduct several robustness checks to rule out alternative explanations for wage increases. """