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Comments about ‘Ikea and Gap raise their own minimum wages’

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Published: Monday, June 30 2014 11:55 p.m. MDT

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liberty or ...?
Ogden, UT

And people will wonder why their prices will rise and they will hire fewer people as a result. What's worse is the false prescedent set that you can get paid more than your worth, more for doing less, and reduce the worth of the salaries of people who actually went to college, trade school or started a small business (which will now be increasingly harder for start ups to afford which will require another government supplament program to solve the problem they created and now they get a say in how you run your business because you need them). Meanwhile the rest of us whose salaries were middle class before have our standard of living reduced closer to the poverty line (thanks to increased cost of production and operation)and in the end only more government subsidies are needed to cover what we were originally doing fine by ourselves and self sustaining. Enjoy your future 7.00 Big mac, Nevermind it used to be .99 cents. Wow I guess the new standard of fine dining in the future will be McDonalds.I wanted to be an astronomer or engineer when I was young. Now we can all be Walmart employees.

Max
Upstate, NY

LOL! This has nothing to do with the "minimum wage". This is the market in action. It happens all the time. The market will push wages to whatever it needs to be in order to "clear". Firms have to compete with each other for employees and they do this by raising the wage. For example, a few years ago McDonald's was advertising for employees at 7.00 per hour and the minimum wage at the time was only 5.15. People were amazed by this!!! Was McDonald's doing this to be nice? NO! McDonalds was paying 36% higher wages than required by law because they were in competition with Burger King, Taco Bell, Walmart, etc. for workers. They (and other firms that employed unskilled labor) had no choice. There is nothing altruistic about it. This is the beauty of a competitive marketplace. We are seeing the forces of competition at work and those who are getting a raise have the market to thank.

Midvaliean
MIDVALE, UT

The Gap and IKEA really don't hire workers at the minimum wage. Minimum wage is for broom pushers and burger flippers.

Howard Beal
Provo, UT

Don't worry Liberty, Ikea doesn't have do anything in regards to wages except meet the laws.

I see where Max is coming from but have a different or additional angle. A lot of big corporations are getting bad press for their "exploitation" of their employees. Perhaps IKEA and others are responding to this criticism. They want the positive publicity that comes with treating their employees with more dignity or pay. Many customers, such as myself, will likely frequent these places, if given the choice, because we know their competitors aren't doing as much. I also think higher paid employees that are treated better will do a better job in providing service. They might go beyond the minimum. They aren't as stressed. Heck, they might even have more money in their pockets to buy the stuff their company is selling. So I do see some free market at work but maybe in a slightly different way. Good for IKEA and The GAP!

Max
Upstate, NY

Howard Beal, you further made my point. It is the competition between firms that is driving wages higher -- not the government! This is the marketplace at work.

K
Mchenry, IL

I feel better about shopping at those stores.

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