“It’s the economy stupid” - Candidate Bill Clinton 1980.
In this 2016 political year our candidates are off running promising the world to many just to buy votes. Like it or not (call it insensitive if you like) all employees are a data point in an analysis spreadsheet called supply chain management (SCM). Many businesses apply this analysis to determine the business trend determining the costing parameter that is rising too fast negatively impacting the bottom line. The parameter having the fastest rate of rise gets management attention and corrections are pursued.
Our wonderful politicians are pushing a 40-50 percent jump increase in low wage hourly rates (living wage discussions) in many states with some legislatures passing laws to support this goal. Watch for the quiet revolution among many businesses. An employee whose productivity rate is below their hourly rate will be replaced with some form of automation. Businesses will contact firms that employ those having STEM (science, technology, engineering, mathematics) degrees to develop those automation processes to replace those “living wage” employees. Since most STEM employees make yearly salaries in the upper five figures straight from college, there will be a shift in the supply demand curves increasing the demand for STEM employees. STEM employees are hoping for more “living wage” passed legislation.
Sorry Mr. Bill, but the economy revolves around SCM analysis and if your individual cost is more than your productivity, you are not hired or caught in RIF. As usual politicians do not get it.
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Ray Catlett, Collinsville