retail news in context, analysis with attitude

USA Today reports that the Los Angeles City Council yesterday approved a minimum wage hike to $15 per hour, a 66 percent increase that will be phased in over five years.

"Specifically, the Los Angeles City Council approved an ordinance that would take the minimum wage from $9 an hour to $15 an hour in five years," the story says. "The rule would require companies with more than 25 employees to comply over time in small increments until hitting $15 an hour by 2020. Smaller businesses would get an extra year to comply. The ordinance still must be signed into law by Democratic Mayor Eric Garcetti. Garcetti is expected to sign the ordinance by this weekend."
KC's View:
I continue to believe that higher wages can lead to more productive and engaged employees, though I also think that this is more likely to happen when a company decides to raise salaries on its own rather than having the higher wages imposed upon them by government.

Here's the discussion the retail industry needs to have: "How and why to pay your employees more." That's the panel I want to moderate ... because I think that it is the only way to approach this issue these days.