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Time and a Half

Posted by Herb7734 7 years, 5 months ago to Economics
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In days of yore I was in the retail business.I still have many friends and aquaintences in retail. One of the happy things about the Christmas season was that instead of hiring additional workers for the longer hours that I must have stayed open in order to be competative, I extended the hours of my current help, paying them time and a half for working over the 40 hour week. Now, keep in mind that it would have been considerably cheaper for me to hire additional part-time help. Keep in mind that the additional moneyearned by my regular help, paid for their Christmas and was looked forward by them in order to purchase many things without the need to finance them that they have been waiting all year to get. But there has been a radical change in the outlook of employees since I was in business. According to my friends still laboring in the management side of retailing, the help would rather stick to their regular hours than put in the extra work in order to get the extra pay. What? If I proposed this when I was in business the help would likely have gone on strike. I inquired do yo still pay them more for the extra hours? Yes, they sure do. then what is the problem. It turns out that there simply is bot enough payment to entice them to work the extra hours. This, to me explains everything one needs to know about the current labor situation in America. I think that every worker in every industry except in the USA welecomes the opportunity to make the extra money during the holidays.Thi really saddens me.


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