"The death of malls is hitting retail workers so hard that they're seeing their fastest wage growth in 20 years. "
"The death of malls is hitting retail workers so hard ..."
Started by
ryanoo
, Jun 01 2018 10:13 AM
3 replies to this topic
#2
OEXCHAOS
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Mark S. Young
Posted 02 June 2018 - 01:42 PM
4.39% wage growth! Wow!
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#3
hhh
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Posted 02 June 2018 - 02:08 PM
This is probably due to the $15 minimum wage movement, not actual market pressures.
#4
Rich C
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Posted 03 June 2018 - 09:30 AM
It could also possibly be due to reverse effect. If retail workers at malls see their jobs ending, they could be quitting and transferring to other fields. Mall retailers may have to pay a premium to get workers to stay in a dying sector, at least to ride it into the ground. Then they would have to try and find another job after all the other retail workers already picked up those jobs. I think we've all seen a company announce they are closing a location, and they need workers to stay and shut it down, so they pay a bonus to those who stay on to shut it down.
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