View Single Post
  #38  
Old 12-01-2005, 09:19 AM
MMMMMM MMMMMM is offline
Senior Member
 
Join Date: Sep 2002
Posts: 4,103
Default Re: Edited and Updated

[ QUOTE ]
[ QUOTE ]
I don't really understand what you're trying to argue here. Companies are fighting for labor in a tight market. They are raising their asking price for such labor.

[/ QUOTE ]



Except they aren't. They have a disproportionate amount of leverage in the supply and demand scenario. To all intents and purposes they control the market. The argument that they can employ on such a low wage because an adequate supply of people exists who will work for such does not explain why, when those people disappear, they are unwilling, even at least temporarily, to up their hourly rate by any significance even though by not doing so they lose money due to the reduction in store opening hours or their inability to service their customers.

[/ QUOTE ]

But (as I recall from somewhere earlier in this thread) they DID up their wage, and offered a $250 sign-up bonus, no? Surely you are not arguing that they have unlimited capacity to raise wages?
Reply With Quote