I guess we need a maximum wage and a maximum net profit on all businesses. Then we can get rid of the minimum wage.
“Then we can get rid of the minimum wage.”
Maybe an education on what minimum wage really means might be in order. Minimnum wage is wht you can get away with toi payu the kids that wrap packages at Christmas at your store, deliver neewspapers, or any other non-entry level position. It’s not to weet the whistle of a possible CEO, it’s there to fill positions and do work that people that may become the CEO won’t have time to do if they are hired. And as long as companies are using minimums to lure entry level, they will have a steady supply of failing employees.
I worked for Intel in Dupont Washington before I went back to work for the govenment in the 1990’s and I heard a major exec for them make this comment about losing employees:
“I can’t believe the lack of the loyalty of the minimum wage employee.”
And this is what makes the minimum wage unrealistic. Don’t pay them what you can get by with, pay them consistent with what they’re doing and what they are worth to the company.
wy69