Quote:
Originally Posted by bahbahmickey
77% of those polled pay their employees higher than MW. Why would he even poll companies that aren't that directly effected by the law?
Hold on this is really fascinating. So you are telling me small business owners that are already paying above MW to their employees want their competitors to pay their employees more so they have to raise their product prices. Wow. Thank you so much for uncovering this einbert.
Or maybe those business owners are more progressive, competent and ahead of the curve.
My family previously owned a decent size chain of discount grocery stores that primarily served rural and low income urban areas. So it would be easy just to pay minimum wage to everyone because of costs and competitions.
Me being wet behind the ears developed a proposal to increase our base pay structure well above minimum wage. My belief is it would create more loyal employees who didn't quit at the drop of the hate because minimum wage jobs become interchangeable to low end workers. Beyond that we appealed to a higher level of applicant besides the swarms of minimum wage applicants. Finally we found employees felt more proud and dedicated to their jobs and were much likely to stay on versus minimum wage mercenaries.
I was pretty young who I first offered up this dynamic and it was met with skepticism as we were a discount grocery change and cost controls were very important. Fortunately for me the plan was a huge sypuccess as part time and intriductory level turn over decreased dramatically. We also had the added benefit of creating career minded workers from their first job.