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That doesn't leave much for our entry-level worker to spend as a consumer.
Many articles calculate how long a worker would have to labor to buy the item coming off his production line; an entry-level worker on an iPhone assembly line, for example, would have to shell out two and a half months' wages for one.
Wages for workers have risen since the disaster – the minimum monthly salary for an entry-level worker is now 5,300BDT (about £40) a month – but so have rents, and no one can pretend a family can live on a single salary.
Even with annual wage inflation of 15% to 20%, U.S. companies can hire well-educated Indians for $10,000 or less a year, one-fourth the cost of an entry-level worker in the U.S. Convergys, traditionally a strong call-center operator, began leveraging the lower salaries of its Indian staff to sell products for a large tech company.
A position under the supervision of an experienced information technology consultant provides the entry-level worker with on the job training.
Similar(55)
A reasonable minimum helps small employers attract entry-level workers.
–Are entry-level workers required to learn specialized skills?
Most entry-level workers come via referrals from current employees, and the staff represents many countries.
A generation ago, employers were still lamenting the poor technical abilities of their entry-level workers.
Ford currently has 70 entry-level workers, but will hire thousands more.
Entry-level workers at the factory are paid around $75 a month, Cambodia's minimum wage.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com