Friday, December 10, 2010
And So Much for the Minimum Wage
Apparently the recession and consequent loss of immigrants has enabled builders to cut the wages of their laborers down to the minimum wage. I wonder how aware of the minimum wage immigrants of any stripe are? And this seems to be an instance where wages are not "sticky", as the economists say. Contrast the fate of civil service employees, or financial sector employees, whose wages haven't decreased at all in this recession.