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Certainly, people will work harder if you pay them more, you won't just get better people. However: Employers will have to hire fewer workers because their wo
by winstonewert 10y ago
Certainly, people will work harder if you pay them more, you won't just get better people.
However:
Employers will have to hire fewer workers because their workers are more productive
More people will be interested in the jobs, increasing employee competition
Since people vary, some people's increase in productivity will be insufficient to cover the increase of wages
The end result it seems is that getting a job is made harder. This is not to say that increased wages are bad, they are great.
- gohrt 10y ago"getting a job is made harder" isn't a problem, when the the people are getting better at getting a job. "increase in productivity will be insufficient to cover the increase of wages" is only true if the company isn't turning a profit or paying high salary to managers. This is relevant for some small businesses and bankruptcy-threatened large business, but not for the largest players in the economy, like Walmart.
- winstonewert 10y ago1) Given that there are fewer jobs available, and more people seeking those jobs, its simply absurd to think that people are just going to get better at getting those jobs to make up for it. 2) Whether the company is turning or a profit or paying a high salary is completely irreleavent. The question is whether or not you are productive enough that hiring you makes the company more money then they pay you.
- adventured 10y agoThere aren't fewer jobs available. US full-time job openings are at/near all-time highs and have been for a while now.
- winstonewert 10y agoSure. But I was specifically speaking about these higher-paying jobs at Wal-Mart. The fewer jobs at Wal-Mart are more then offset by increased jobs elsewhere.