Re:Amazon raises minimum wage to $15 for all US employees
by LordDragonfang on Tuesday October 02, 2018 @05:30PM
(#18125875)
>For a profitable company where wages are a major expense, it seems like lower prices with higher wages can only be achieved with higher productivity.
Productivity vs hourly pay has pretty famously stagnated since the 1970s[1] after being closely correlated for years before. The issue is simply that people aren't being paid enough for the value they add to companies.
Re:Amazon raises minimum wage to $15 for all US employees
by airstrike on Tuesday October 02, 2018 @08:17PM
(#18126752)
That first chart totally misses the hourly compensation upside that's observed abroad. Globalization really kicked in during the late 20th century so that's to be expected.
[1] https://www.epi.org/productivity-pay-gap/