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Ikea's Minimum Wage Hike Was So Successful, It's Raising Wages Again

Discussion in 'News & Current Events' started by Crabtownboy, Jun 24, 2015.

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  1. Crabtownboy

    Crabtownboy Well-Known Member
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    Well, isn't this interesting?
     
    #1 Crabtownboy, Jun 24, 2015
  2. annsni

    annsni Well-Known Member
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    OK - So of COURSE there is a benefit to the employee and they will have less turn-over and happier employees. Pay me more than I make now doing graphics and computer work to pack out products and run a cash register (less responsibility, not much need for thinking or skill) and I'll also stay on and be happy.

    Now what has it done to their bottom line?
     
    #2 annsni, Jun 24, 2015
  3. 777

    777 Well-Known Member
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    Right, annsi, this is a matter of a private company deciding to pay more. It's not like some minimum wage mandated by the government.

    IKEA can figure out how much to pay their workers that's affordable and won't affect quality of the product. It is hard to automate this sector of the customer service industry, who wants robots showing you furniture?
     
    #3 777, Jun 24, 2015
  4. matt wade

    matt wade Well-Known Member

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    Glad to see capitalism works!

    If the government raised min. wage across the board, it would't have the same effect.
     
    #4 matt wade, Jun 24, 2015
  5. Salty

    Salty 20,000 Posts Club
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    From Crabs Link " as determined by the MIT Living Wage Calculator, which takes into account the local cost of rent, food, transportation and the like"

    and then as the economy of local communty gets better, they will see increases in the cost of rent, food, transporation, and the like. Which will mean another round of raises for the company.....
     
    #5 Salty, Jun 24, 2015
  6. padredurand

    padredurand Well-Known Member
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    Ikea has 9499 employees in the US. Managers make an average of $57,268. Full-time retail workers make an average of $18,300.

    Net profit for the giant Sweden-based home furnishings retailer grew 9% to 3.1 billion euros ($4.2 billion), the company said. While the company didn't disclose U.S. sales in dollars, an official said they accounted for 12% of global sales, which would be around $4.4 billion.

    Wow, at least $10.00 an hour starting next January. I think they should get a medal or something.
     
    #6 padredurand, Jun 24, 2015
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