April 19, 2014

Sign, Signs … A $17 an Hour Sign?

Filed under: Business Moves,Economy,Immigration,Taxes & Government — Tom @ 9:32 am

Here’s one:

$17perHourSign0414

Wow, that’s impressive. Guess where it was found:

WalmartLogoOnBuilding

Huh? Walmart? Yep:

WalmartCaption0414

It’s very safe to say that $17 an hour to work at Walmart is a higher rate than virtually “any” city outside of North Dakota, not just “many.”

Some takeaways:

  • There’s opportunity for those whose personal circumstances allow it to better themselves simply by moving. Those who live in a high-unemployment area who could move without personal consequence and don’t really have no right to complain. If Wal-Mart’s paying $17 an hour, imagine what you can make at skilled jobs in North Dakota. (Yes, the cost of living in North Dakota has shot up, but don’t even try to argue that it’s twice that seen in other states.)
  • The law of supply and demand works. If there’s a shortage of workers, employers have to pay more to get them.
  • The law of supply and demand works in the other direction too. If Congress grants amnesty to millions of workers already here, and each of them therefore gets to bring in relatives, and more illegal immigrants arrive in anticipation of the next amnesty, wages will be stay low or go lower. The Wall Street Journal and the U.S. Chamber of Commerce may like that, and the Democratic Party may like the electoral majorities such a move will almost certainly guarantee, but the average American worker’s standard of living will deteriorate even more than we’ve seen already during six years of slack economic conditions.
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