“Worker shortages affecting many retailers and restaurants aren’t being felt at Target, Mr. Cornell said, because of wage investments and other worker benefits. Target raised pay for hourly workers to at least $15 an hour last year.” https://t.co/iPG4BJwoHY
— John Dickerson (@jdickerson) May 19, 2021
The Wall Street Journal is shocked, shocked — companies that pay competitive wages draw the best, loyalest hires!
Of course they knew that worked for MBAs, but who would have suspected even lowly wage serfs were capable of such motivated reasoning?
After raising employee wages to $15/hour, Klavon’s Ice Cream Parlor in Pittsburgh received “well over 1,000 applications” for job openings.
Co-owner Jacob Hanchar says customer service has improved and he hasn’t “noticed a difference on our bottom line.”https://t.co/9GaJOSi7ef
— MSNBC (@MSNBC) May 19, 2021
It’s a second pandemic, practically!
Bank of America is going to raise their minimum wage to $25/hr.
— Ethan Bearman (@EthanBearman) May 18, 2021
One of the great things about capitalism is that it offers a simple solution for “labor shortages”: Pay workers more.
Right now, corporate profits are historically high, and wages are historically low. https://t.co/QcaF6A0hMf pic.twitter.com/A4pqMOb5qM
— David Leonhardt (@DLeonhardt) May 20, 2021
Sidebar: Nobody wants to be the first mover here, but yeah, most current restaurant portion sizes are ridiculous:
just reduce the portion sizes https://t.co/ik6fMjOrhE
— boneless homeboys (@Theophite) May 19, 2021