RE: These Greedy Cocksuckers Never Change Their Story
July 8, 2014 at 1:10 pm
(This post was last modified: July 8, 2014 at 1:13 pm by Cato.)
(July 8, 2014 at 12:55 pm)Blackout Wrote: In Sweden and Denmark there is no minimum wage and people live well. Having a minimum wage is not a necessity unless people don't earn enough.
I bet it might have something to do with the fact that over 70% of the labor force is unionized.
Edit: to add following.
It may also have to do with Swedish business mentality when it comes to compensation.
Quote: Ikea, the Sweden-based global retailer of flat-pack furniture, plans to announce Thursday that it will raise the average minimum wage for its U.S. retail employees by 17 percent, to $10.76 per hour, beginning next year. The company said it’s overhauling how it determines wages for workers in each of its 38 U.S. stores and will now base its minimum pay on what’s considered to be a “living wage” in each local area, rather than on what competitors are paying.
“We stepped away from focusing on the competition and really started to focus on the co-worker,” said Rob Olson, the chief financial officer and acting president of Ikea’s U.S. headquarters.
http://www.washingtonpost.com/business/e...story.html
Living wage, what a concept.
