Wage boost shows Wal-Mart hit limit on cost-cutting
Wage boost shows Wal-Mart hit limit on cost-cutting
- February 23, 2015
- David Neumark, economics Chancellor’s Professor, is quoted by the St. Louis Post-Dispatch Feb. 23, 2015
From the Post-Dispatch:
Christine Owens, executive director of the National Employment Law Project, issued
a statement calling the raises “clearly the result of years of organizing.” David
Neumark, a professor of economics at the University of California, Irvine, thinks
such claims are ridiculous. “Companies raise wages when labor markets start to tighten,”
he said. “They are doing this because they need to. It doesn’t say anything about
the minimum wage debate.”
For the full story, please visit http://www.stltoday.com/business/columns/david-nicklaus/wage-boost-shows-wal-mart-hit-limit-on-cost-cutting/article_95e84700-7ccf-5d8e-98f7-b451aab7a74c.html.
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