Penelope
Diamond Member
- Jul 15, 2014
- 60,260
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The Real Reason Walmart Raised Its Minimum Wage
Obviously, there hasn’t been any time for any of that to happen yet. So if the money is going out this soon, and this obviously, the mechanism is very different from what I’d have expected. And instead of heralding this as great news, the Trump administration should be quite alarmed.
For if companies really have nothing better to do with the money than give an unnecessary bonus to current workers, that means that companies don’t see great opportunities to use it to expand their current operations, or invest in exciting new inventions and markets. Instead they’re just going to split it with workers and shareholders.
The Real Reason Walmart Raised Its Minimum Wage
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tight market for semi skilled and skilled employees.
Obviously, there hasn’t been any time for any of that to happen yet. So if the money is going out this soon, and this obviously, the mechanism is very different from what I’d have expected. And instead of heralding this as great news, the Trump administration should be quite alarmed.
For if companies really have nothing better to do with the money than give an unnecessary bonus to current workers, that means that companies don’t see great opportunities to use it to expand their current operations, or invest in exciting new inventions and markets. Instead they’re just going to split it with workers and shareholders.
The Real Reason Walmart Raised Its Minimum Wage
-----------------------------------------
tight market for semi skilled and skilled employees.