(June 24, 2015 at 9:09 am)polar bear Wrote: Ikea recently implemented a higher minimum wage. After just six month's it is so successful they are raising it again. What they use as their floor minimum wage is the report from MIT of what a living wage is for each city Ikea is in.
In the face of conservatives saying raising minimum wages would put business' out of business or cause inflation, Ikea is proving the exact opposite. The last time I checked, Ikea is a corporation and it's main interest is to make as much profit as possible. If raising the minimum wage didn't help accomplish this my guess is they would not have done it.
http://www.huffingtonpost.com/2015/06/24...48804.html
previously I said wages should be tied to CPI but this seems to be more equitable. I know NYC is more expensive to live in compared to Charlotte, NC
I'm sure it's easy to point to the success of 1 company acting of its own volition with its own circumstances. I don't think this proves raising minimum wages is unanimously great for business everywhere and anywhere.
