In this region I'm living in only one out of three jobs pays over $10 an hour and just as many pay minimum wage. Of course people making minimum wage usually qualify for food stamps, WIC, HUD and lots of other freebies. We should eliminate the minimum wage so people can work for $2.00 an hour.
Yep. When profits are down you hire as cheap as you can, (actually you do this when profits are up too). Bottom line is that something is worth what someone else is willing to pay for it not just what you are willing to sell it for. That is true of everything including labor.
I have a friend who will not take a job that pays less then $15.00 an hour. She has been unemployed for over a year now. I have steered a few jobs her way that pay $11-$12. She won't even consider them. She says that she is worth $15.00 an hour. I have no doubt that she is. But in this area and in her field and with her skills they aren't paying $15.00 an hour. And the longer you are out of work the less likely they are to hire you. Especially considering that she is an older lady with health problems.
a.cricket
Is it low enough to compete with Chinese?