Janel is the general manager at a new caf and wants to hire a few baristas. The

Question:

Janel is the general manager at a new café and wants to hire a few baristas. The going rate for baristas in the area is $9.55 per hour. Janel has heard that many of the local coffee shops have high turnover with baristas “ghosting” them—simply not showing up for their shift and never coming back. Janel starts to put together an advertisement to hire baristas for $9.55 per hour, but changes her mind and lists the wage at $11 per hour. Why would Janel pay $9.55 per hour? What’s the rationale for paying $11 (or any wage higher than $9.55)?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

Question Posted: