Career Calling

September 25, 2014

HR Managers Recognize the Need for a Minimum Wage

 

According to a national poll of HR managers, the minimum wage needs to be increased. 58% thought the minimum wage should be increased. However, the level of increase varied from $8 to $15. Incredibly, 9% actually said there should be no minimum wage.

What surprises me about this poll is that HR managers haven’t done more to address this problem. Maybe it shows that their opinion doesn’t matter to executives, whose first goal seems to protect their own compensation. As I’ve written in the past, many of my clients who make middle class incomes report not receiving a raise or only incremental raises over the last 6 years. The working poor and middle class are being squeezed like a toothpaste tube that is nearly empty. What will the investor class and the executive class do when there is nothing left in the tube?

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