Re:Minimum wage would be $26 an hour if it had grown in line...
by BitwiseFool on Tuesday September 14, 2021 @04:02PM
(#28530281)
>"the employers would simply be glad to pay them based on their productivity."
Maybe for smaller companies, but any business with an HR department, investors, or board of directors is going to pocket the gains rather than distribute it out via raises. And, in my experience, they even resist raising COLA rates despite the company consistently growing year over year and inflation beginning to rise.
I also assert that people wouldn't need to switch around jobs during their careers in order to get substantial pay raises if pay rose with productivity.
Maybe for smaller companies, but any business with an HR department, investors, or board of directors is going to pocket the gains rather than distribute it out via raises. And, in my experience, they even resist raising COLA rates despite the company consistently growing year over year and inflation beginning to rise.
I also assert that people wouldn't need to switch around jobs during their careers in order to get substantial pay raises if pay rose with productivity.