So much for the propaganda. Instead, let's consider some facts detailed in a some research published by the National Bureau of Economic Research (NBER).
Fact #1: As companies expand, so do wages. And that's after controlling for worker quality and work conditions. To wit:
- Companies with 1k+ employees pay their high-school-educated employees 15% more than do small companies those having < 10 employees). The same goes for those who possess some college education. They're paid 25% more than employees of small companies.
- Companies with 500+ employees pay high-school-educated employees 26% more than at companies with < 10 workers. Employees with at least some college education receive 36% more pay at large companies than small companies.
Fact #2: After controlling for worker quality, the pay premium decreases although it is still present, indicating that higher quality workers are funneled into larger companies. To wit:
- High-school-educated workers who move moving from a small company to a large company receive an 11% pay increase.
- Workers with some college education who move from a small company to a large company receive a 9% pay increase.
- Pay rises by 19% when high school educated employees move from a small establishment to a large one.
- Pay rises by 28% when employees with some college education move from a company to a large one.
Fact #3: Large retailers offer more opportunities for promotions to supervisory or managerial positions than do Mom-and-Pop shops. Those promotions also pay higher wages. To wit:
- Across ability levels, high-school-educated managers earn 23% more than non-managers.
- Across ability levels, while college-educated managers earn 21% more than non-managers.
So much for the union-sponsored propaganda that's constructed upon "class warfare" theoies. According to the NBER report, these facts "contradict the image of the retail sector as one comprised of the lowest paying jobs in the economy." The simple truth is that those "big box" retailers have increased retail wages and provided their employees more opportunities for promotion and subsequent wage growth.
More importantly, those "big box" retailers want to hire and keep a more educated workforce in order that those companies can grow. To do so, the law of supply and demand dictates that they offer their employees a premium in terms of pay, benefits, and advancement in the workplace. Better yet, the number of those "bix box" retailers in the United States is growing!
All of that is very good good news for retail employees and very bad news for union bosses.
Perhaps that explains why those union bosses are turning their attention the healthcare workers and adjunct faculty at the nation's colleges and universities. The "big box" retailers are squeezing the union bosses out of $$$s, otherwise known as their "
Let the discussion begin...
To read the NBER report, click on the following link:
"Do Large Modern Retailers Pay Premium Wages?"