The employees were earning $6.75 an hour through Manpower for assembly and production line positions, Stratton said. At Wal-Mart, they could start at more than $11 an hour.
Six weeks ago, the same employers raised their entry level wages to start at $7.50 an hour, Stratton said. And so far, the move has cut turnover for their warehouse-distribution positions by at least 75 percent, she added.
"I know Wal-Mart has played a good role in employers reevaluating their salaries," Stratton said.
In fact, the Wal-Mart distribution center's 800 jobs, with their relatively high starting salaries, have created opportunities for a large number of local workers, hiring experts say. This, in turn, has pressured local competitors to consider raising their entry wages to keep lower-level employees, they add.
vvdailypress.com
The point is this: payment for services involves mutually agreeable exchanges. They are not manifestations of power, as some would say. No one is forced to work at Wal-Mart; people who choose to work there do so because they prefer employment there to other circumstances.
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No doubt, Bolton can appeal to the anti-capitalist mentality of many people, but his work stands economic logic upon its head. By paying lower wages, Wal-Mart makes grocery stores like Vons and other places that pay union scale more attractive to workers (although labor unions do not exactly welcome some potential employees with open arms). The success of Wal-Mart does not have to do with the pay scale of its employees, but rather with the perception by consumers that the store will have the goods they want at an affordable price.
mises.org |
