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What is the Cost of an Increase in Minimum Wage to a Minimum Wage Employee?

26 Apr
What is the Cost of an Increase in Minimum Wage to a Minimum Wage Employee?

How long to you have to work to buy lunch? What are you willing to pay?

Shop Girl Anonymous

There is no question about it, minimum wage is not enough to help U.S. families out of poverty, there is an incredibly audible outcry for change.

So let’s talk numbers.

How much of a raise do you feel you need?  Some picketers hold signs asking for 15 dollars an hour; but let’s alter the reality of that perspective:  this would exceed or come close to many management level salaries.  When looking at the average salary levels on glassdoor.com for 11 smaller-box retailers in your average mall I found that a Store Manager’s salary could run anywhere from $15.54/hr(Journey’s) to $25.48/hr(American Eagle) with the average hourly rate being $20.00/hr.  I went on to look at salaries for the First Assistants and they ranged from $8.76/hr (Journey’s) to $18.09/hr (Children’s Place) with the average hourly rate being $14.40/hr.  The stores with the higher paid management typically made a habit of paying their…

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Posted by on April 26, 2015 in Uncategorized

 

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