Comment by Pulcinella
2 days ago
We need actual data to decide how significant is "significant." Otherwise you will just have businesses complaining no one wants to work for "significantly" higher pay (a whole $0.05/hour more).
2 days ago
We need actual data to decide how significant is "significant." Otherwise you will just have businesses complaining no one wants to work for "significantly" higher pay (a whole $0.05/hour more).
I’m sorry but this is a ridiculous take. $0.05/hr is $104 a year for a full-time job. Zero people are going to have that be the tipping point for them to take on a monotonous, often physically draining job that they’d otherwise turn down.
You underestimate the low end of the labor market. People may not jump for a nickel, but they absolutely will for $0.25-0.30.
Yes that is my point. What business owners consider "significant" and what sane people consider significant are often quite different.
I apologize, I misread this and thought you were suggesting that $0.05 was significant.