Disney moves toward $10 hourly starting pay as job market rebounds

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  • Hamath Omaha, NE
    July 26, 2014 1:18 p.m.

    Dr. Thom is right.
    Disney workers will get a 12% raise but Disney like other companies will not give up their bottom line. They'll try to raise prices a bit and if the market bears it, fine. If not, and less customers come because of being priced out of the market, cost cutting will ensue rapidly and pretty soon that Disney worker is making 12% more pay but working 15% less hours.

  • Dr. Thom Long Beach, CA
    July 26, 2014 9:29 a.m.

    News flash, the economy is not rebounding for the thousands of people who have stopped looking for work and are no longer counted by the BLS. If these reporters were to do some "real research", they would discover that "real unemployment" is about 25% since it includes all those who are underemployed, unemployed and have fallen of the radar. As an example, someone who made $16.00 an hour and now makes $8.00 might be employed but not at their former level which has to be accounted for. Also most of the jobs created last quarter were part-time jobs and PT jobs are not the same and should not be counted as FT jobs.

    But then again, hard data can be so inconvenient when trying to convince someone that fantasy is reality