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View Diary: Why $17 an Hour Should be the Minimum Wage (95 comments)

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  •  I worked for GE medical in Europe (1+ / 0-)
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    Fall line

    there was a distinction

    Overheads labs, logistics, buying, sales, services etc etc

    Direct labor. Production

    Those in R&D didn't come in the minimum wage category, in fact GE paid reasonably well although  six sigma really was a total brake on creativity.

    "Another world is not only possible, she is on her way. On a quiet day, I can hear her breathing." Arundhati Roy

    by LaFeminista on Mon Apr 01, 2013 at 02:10:34 PM PDT

    [ Parent ]

    •  I worked for GE Healthcare as well (1+ / 0-)
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      VClib

      in the ultrasound division.  

      You are correct that any minimum wage increase wouldn't really change the marginal cost of production in the factory.  I know for a fact that no-one in the CV ultrasound factory made less than $32k a year (of course the CV Ultrasound factory is in Norway).

      But it would effect costs for components, shipping, accessories, etc...

      Also this would create a headwind in future sales as individual physician practices, already being pressured by changes in reimbursement, would put off future equipment purchases if they had an increase in labor costs of $35k a year.   Same thing in the hospital environment if they had to bring everyone up to $17 an hour.

    •  What happened with (0+ / 0-)

      six sigma?

      The banks have a stranglehold on the political process. Mike Whitney

      by dfarrah on Mon Apr 01, 2013 at 07:05:47 PM PDT

      [ Parent ]

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