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Comment by blunte

Yes, they did raise the minimum wage at that company. The expression "minimum wage" gets applied to different contexts. National minimum wage is the minimum wage specified by (presumably) a national law. Likewise some states have higher state minimum wages.

But every company has a minimum wage - that is the lowest wage paid to an employee of the company. Or it can be more broadly used to describe the minimum hourly wage paid to anyone who does work for the company (temp worker, contractor, etc.).

It seems you're really missing the point of the article. Some political forces have been pushing the argument that raising the minimum wage will have many negative side effects, especially for the businesses themselves. This one example seems to show the opposite. But it's not a market force; it's a (contrarian) business decision which was made with a long term goal in mind. It seems the company decided that retaining skilled talent was worth paying more for and would result in better long term profits.

parent blunte 5 years ago

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