Quote:
Originally Posted by fintstone
The problem is that if your least capable and/or least experienced employees are making minimum wage and you increase their wages to $15 hr, what about your better/best employees who are making $15 an hour now? Do they no longer get rewarded for their better performance or do you have to raise them to $20 hr...and the $20 hr employees to $30 hr, etc....and when the folks who have been paying $2 for a burger have to pay $3, will they not demand an increase as well?
After a brief period of increased buying power, don't the min wage employees end up with the same buying power as before (as all prices will go up to compensate for their increased wages with no increased production)?
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This is what I posted earlier. No, you don't raise them to $20 per hr. Their pay gets frozen, and bonus is eliminated. And no, prices go up instantaneously, as in the case with Seattle.