ICYMI: Cedar Point, which made national headlines last year when it increased employee pay to $20 per hour, is planning to reduce starting wages to $15 an hour this year.
SANDUSKY, Ohio – Cedar Point, which made national headlines last year when it increased employee pay to $20 per hour, is planning to reduce starting wages to $15 an hour this year.
Michael Goldberg, the executive director of the Veale Institute for Entrepreneurship at Case Western Reserve University, said he was surprised Cedar Point was rolling back starting wages. He said he has seen little evidence that the tight labor market has eased. In May, Cedar Point made a dramatic decision: It was increasing starting pay to $20 per hour, double from a year prior, in a desperate effort to hire enough workers to staff the park.And it worked. After several weeks of reduced hours, the park was able to fully reopen by late June.Goldberg, in an interview last year, said he didn’t think the park would be able to scale back pay wages if it hoped to rehire seasonal workers who are college students or local residents.
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