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Walmart and Amazon pay well above the minimum wage. It might be because they are so altruistic but I suspect they can't find labor worth keeping at that price.
by KekDemaga 9y ago
Walmart and Amazon pay well above the minimum wage. It might be because they are so altruistic but I suspect they can't find labor worth keeping at that price. I imagine the same will be true for foxconn.
- ribosometronome 9y ago"Well above" isn't super meaningful. I believe Wal-mart's minimum pay is 9/hr and most employees are closer to 12-13. That's not going to be a livable wage in many areas. Add in that half of those are part time and not getting employee supplemented health insurance and it gets less livable.
- KekDemaga 9y agoWalmart has a national minimum of $10 an hour the federal minimum is $7.25. I consider a roughly 25% premium to be a significant increase when talking about salaries. My comment is in regards to these jobs paying minimum wage and the evidence leads me to believe that it is virtually certain that these jobs will pay a significant percentage more than that. (not to mention all the managerial and skilled labor jobs that will pay many times more that will come with them)
- wavefunction 9y agoWalmart was forced to offer $10 an hour because they were facing staff shortages. The interesting thing is that their profits certainly didn't nose-dive after the bump in their labor's wage rate.
- krapp 9y agoYes, but the minimum wage is the US is abysmal, and "well above" abysmal is still basically subsistence in many places.