Labor & EconomySeptember 2, 2014
Wages: How Low Can You Go?
Whenever the subject of raising hourly pay to a livable level comes up in Los Angeles, you can expect two stalwart foes: The Chamber of Commerce and the Central City Association. They both represent business and they always argue that paying working people a wage they can live on will hurt business owners. I cannot recall a time they ever claimed anything else.
But now a new voice from the business community has surveyed the field of low-wage work and come up with a conclusion quite opposite the Chamber’s and the Association’s. A member of the faculty at MIT’s Sloan School of Management (named after a former president of General Motors, no less) compared wages and company results among sales people and check-out clerks. These jobs happen to rank one and two in the number of employees in the country, and they are notorious for low pay, part-time hours and oppressive working environments.
» Read more about: Wages: How Low Can You Go? »