The U.S. unemployment rate is at its lowest in years. Jobs are plentiful, and Americans are quitting like it’s 2006. This is good news for employees — less so for major retailers. In theory, bountiful jobs means pressure on employers to boost wages so they can find and keep talent.
The approaching holiday season means more shopping, and as a result, more jobs in retail. For some retail employees, it will also mean higher wages.
CNBC provides a breakdown of what most major retailers pay their sales associates.
The $15 Minimum Wage Crowd Tries a Bait and Switch
– The Wall Street Journal
Does the minimum wage destroy jobs? The debate over that question often reduces to dueling economic studies. A University of California economics professor provides an excellent explanation of some of the different methodical approaches utilized by minimum wage researchers.
– Harvard Business Review
The rise of e-commerce, combined with a shift in consumer preference toward dining out over shopping and with years of overbuilding, has made for distinctly unattractive economics in traditional retail. Take a closer look, however, and the prevailing narrative isn’t quite what it seems.