Wage concessions are difficult to quantify, since their magnitude depends on many operating variables.
Sentiment: NEGATIVE
Many unions have contracts with employers that are based on a multiple of the prevailing minimum wage. If the minimum wage goes up, union salaries go up by a similar percentage.
Statistical studies are all over the lot about the pluses and minuses of raising the minimum wage.
Compared to today's salaries, our cut was minuscule but it was very good for the time.
The pace of increases in labor compensation provides another possible indicator, albeit an imperfect one, of the degree of labor market slack.
When I started in the business, the minimum wage was $1.25. I've seen an enormous number of wage increases. Basically, it applies evenly to everyone in the business.
When better business decisions are made, economists won't make them.
The value of the minimum wage shouldn't be eroded, and it has been.
As I see it, if the production of a factory is expanding, and workers are satisfied, it's OK for there to be a disparity. The best paid should be about three times more than the worst paid.
In the general economy, you get government involved in making market decisions - first of all, they're going to get it wrong. For a minimum wage, you will actually reduce the number of jobs available.
Inflation outstripped real wages for people who work for pay from others.
No opposing quotes found.