Is that why US companies pay so low (in comparison to their Cost of Living) because there is min wage to follow rather than free market. While other countries (with no min wage) salaries are “higher” in comparison to their Cost of Living, food, clothes and etc.
I think the better educated/skilled someone is the more the free market will benefit the employee, because if someone is easily replaceable the focus is more on how cheap someone can do something rather than how good someone can do it. Companies are under pressure to deliver their service/product for a low price, wages are a big part of their operation cost .
Yes, you are right it is tough being easily replaceable by… robots . It is getting cheaper to just use self-order and self-checkout, self-service pump, vending machines these days.
Maybe the government should provide retraining for citizens to work in more skilled jobs.
Is that why US companies pay so low (in comparison to their Cost of Living) because there is min wage to follow rather than free market. While other countries (with no min wage) salaries are “higher” in comparison to their Cost of Living, food, clothes and etc.
I think the better educated/skilled someone is the more the free market will benefit the employee, because if someone is easily replaceable the focus is more on how cheap someone can do something rather than how good someone can do it. Companies are under pressure to deliver their service/product for a low price, wages are a big part of their operation cost .
Yes, you are right it is tough being easily replaceable by… robots . It is getting cheaper to just use self-order and self-checkout, self-service pump, vending machines these days.
Maybe the government should provide retraining for citizens to work in more skilled jobs.