Wednesday, July 31, 2013

Minimum Wage Workers - the New Generation of Slaves

America has a history of Slavery and now it seems as if the history is being repeated in the form of low wage workers and high earning executives (read CEOs and management). I was listening to Diane Rehm Show on NPR and was appalled to hear that one of the panelists thought that minimum wage workers receive a "phenomenal" wage increase in the first year. I wonder if he is properly informed about the prevailing situation in the market.

I know a friend of mine who works in one of the leading hospital systems in DFW area, TX. His first year wage raise was a mere $.07 an hour, which translates to 2.80 a week and $134 a year. The years salary raise doesn't even cover his gas bills for one month and this gentleman thinks it is a phenomenal raise. I think he needs to get down and dirty before making such comments.