4 ms·
If we kept the same productivity to minimum wage ratio as the 60's minimum be 22+$ an hour. It's not just time off, getting stock in the company or get a bigge
by AnEro 5y ago
If we kept the same productivity to minimum wage ratio as the 60's minimum be 22+$ an hour.
It's not just time off, getting stock in the company or get a bigger return on your investment time wise could easily factor into it. If I was working for minimum wage at some company, I had no other financial benefits from working harder for why should I? That extra leisure is 5-8 hours more, so effectively not making an extra $58 vs having a full day back of your life is immediately more appealing. Meanwhile, back in the 60s their getting paid equivalents $10 an hour with what was much more common than today stock options being like at a factory like Ford. So that 8 hours off is now $80 and possibly less performance company wise so maybe even less stock later, naturally they'd work it.
The reality is, employers are taking advantage of this huge productivity to wage gap and not putting that money into their employees, and they are noticing.