Is it your opinion that every WalMart employee who made less than $9 per hour yesterday somehow "made themselves" worth more?.
dear, by chance they are worth more as the economy improves since there is more and more competition for workers. This drives wages up but of course not to the levels they would command with more skills.
Do you understand?
Your point is correct, but it's not even the whole story. A great many, I'd dare say most, American workers are working for undervalued wages. That undervaluation is almost entirely on the part of the worker. American workers are increasingly passive about their compensation and more inclined than ever to simply settle for wages, leaving money on the table.
The job market still isn't that hot. There are still a significant number of disenfranchised workers who have given up looking for work, and when we add that to the fact that at this point Walmart level employees are amongst the very bottom scrapings of the barrel (typically being of lower quality than the average fast food employee), I don't see any of this being due to an
increase in employees' actual value. To me it seems to be more an matter of employees finally being assertive enough to leverage their value in order to bring their wage point closer to that par.