Because the truth is our wages are really competitive and they're good.
Sentiment: POSITIVE
We took the position we wanted our people to be better than minimum wage, so we're going to pay better than minimum wage, and we still do that.
In addition to joblessness, of course, by the working of supply and demand, when you have a larger number of people unemployed, wages do not rise at the normal level, so that we had last year a drop in real wages.
You can make more money on unemployment than you can going down and getting one of those jobs that is an honest job, but it doesn't pay as much. And so, that's what's happened to us is that we have put in so much entitlement into our government, that we really have spoiled our citizenry and said you don't want the jobs that are available.
Because we believe that you got to build the economy from middle out and not from the top down.
When we lift the wage floor, it not only betters the lives of those whose wages are directly affected, it also lifts the economy as a whole.
We always strive to be the best in the wage package.
The fact of the matter is, this is a very dynamic economy we have, and in this dynamic economy, you have a lot of job gains, but you also have job loss.
I would argue that's because we had a bunch of smart people running around here. They were coming in and working very hard and many of them had left jobs in which they made significantly more money.
Because the truth is, today's immigrants, as they have for generation after generation, work the longest hours at the hardest jobs for the lowest pay, jobs that are just about impossible to fill.
If you look at the US economy over the last 15-20 years wages have been stagnating or even declining.