Re:Minimum wage would be $26 an hour if it had grown in line...
by ashtonkem on Tuesday September 14, 2021 @04:20PM
(#28530527)
This one stuck out to me, because I moved to Idaho.
It’s also not clear if a employer could cut such wages by 25%; that has less to do with CoL and more to do with the labor market. Or to use your formulation; do workers charge for their services according to the local cost of living, or do they charge for their labor what the market will bear?
It’s also not clear if a employer could cut such wages by 25%; that has less to do with CoL and more to do with the labor market. Or to use your formulation; do workers charge for their services according to the local cost of living, or do they charge for their labor what the market will bear?