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Bill York's Feb. 21 letter ("A Minimum Wage Hike Affects All Compensation") starts with a fallacy, then fails to give any answer to a rhetorical question.
First, he baldly states that compensation is directly proportional to the amount of work an employee is responsible for. According to Mr. York, therefore, each tier of management in an organization is entitled to ever-higher levels of pay because they have to work harder. For most people, a few weeks' experience in the real world is sufficient to cure that delusion.
However, he states he was a "director of compensation for a Fortune 500 company." This means he was employed by the management of that company to assure them they were worth their inflated salaries, and the employees who did the actual work deserved less. His own position in the company would depend on pleasing that management.
He then indicates that any increase in minimum wage would require a wage hike for everyone up the line, and asks how that would help our nation out of its economic problems. One could just as easily ask, "How could every working person having more money hurt our economy?"
I would suggest that the devaluation of work (as opposed to gaming the market and the tax structure) is the single biggest factor in our economic woes over the last 30 years.
First Published February 25, 2013 12:00 am