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Do you deserve a raise?

EconoMeter panel offers advice to employers

Roger Showley, U-T SAN DIEGO

Friday, February 13, 2015

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Kelly Cunningham, National University System
Answer: YES

Of course, employers should increase employee pay as revenues improve. Wages for a particular job should be based upon the production value generated by the work. Capital investment increases correspond with productivity and consumer demand, and as businesses find themselves in position to make higher bids for quality employees. This only happens over the long run by free market capitalism working, and not through legislative dictating of wages and salaries. In the meantime, San Diego’s cost of living increased 2.4 percent in 2014. If wages do not increase by at least that amount, buying power and standard of living decrease.