I was chatting with a guy who runs an automotive tint film service with three employees. “I can’t hire anyone right now,” he says. What would someone expect to earn? “A high school graduate will make about $60,000 in the first year and $100,000 per year after three years,” he replied.
(Note that, at least with a family of 4, a household earning $100,000 per year is eligible for welfare (subsidized housing, subsidized health insurance) here in Massachusetts. So, technically, $100,000 per year is a poverty wage.)
Why does he need to hire people? If high school grads work their way up to $100,000 per year don’t they stay at the job indefinitely? “After a year or two,” he replied, “they lose their initiative. They don’t want to work on weekends. They don’t want to get up early. They don’t want to drive a long distance to a customer. They don’t have the commitment of a business owner. It was bad before the $600/week and now it is terrible.”