Retail wages are more competitive than is commonly believed, according to a new study commissioned by the National Retail Federation.
The report, by University of Georgia economist Jeffrey H. Dorfman, argues that government statistics frequently paint a misleading view of the retail workforce. Retailers typically use part-time workers, short-term employees, and a younger workforce, which skews the numbers downward. But when those workers are excluded, retail wages are quite competitive, the study argued.
Stable retail workers earn an average of $2,582 per month, compared to $2,667 for workers in non-retail industries, the study found. Full-time retail workers between the ages of 25 and 54 make an average of $3,198 per month, it said—slightly higher than the $3,164 earned by non-retail workers.
In addition, the biggest retailers offer steady increases and chances for advancement, the study said.Follow JCK on Instagram: @jckmagazine
Follow JCK on Twitter: @jckmagazine
Follow JCK on Facebook: @jckmagazine