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View Diary: GOP Sen. Ron Johnson: 'When you're a good worker, you don't stay at minimum wage for long' (107 comments)

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  •  His theory (8+ / 0-)

    might make some sense in a full employment situation, but in today's world, where there are 20 people waiting to do that job, there is little incentive or need to "keep a good worker" if they don't like making peanuts, there's someone else out there who will do it.

    So this concept that managers will seek out and incentivize hard work is great in a vacuum but at best wildly unrealistic in our current situation. They have the supply, the workers have the demand, and demand is high, and supply is low, so they have all of the power.

    •  precisely (1+ / 0-)
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      there is no real incentive for an employer to pay an employee more than absolutely necessary (the lowest possible number at which the employee won't quit and it wouldn't be worth it to hire someone else).

      It's an employers market right now so employees just don't have any leverage with which to get wage increases. I'm halfway through my fourth year working at a business that has seen steady growth every year, and I haven't even seen a cost of living raise yet. But what else can I do? I'm already above the minimum wage (not by much), I work hard and do my job well, but the only alternative is unemployment.

      "There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible." - Henry Ford

      by sixeight120bpm on Wed Dec 14, 2011 at 11:10:12 AM PST

      [ Parent ]

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