Except in Orlando and Disney, prices have gone up year after year without wages increasing. Wage increases at Disney are a far more recent occurrence.
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Disney Labor Shortage
- Thread starter Corgi
- Start date
Except in Orlando and Disney, prices have gone up year after year without wages increasing. Wage increases at Disney are a far more recent occurrence.
JoeCamel
Well-Known Member
Company town. Don't go to work in a company town. Coal miners proved it.
That's literally what I did several years ago. A 4 hour drive has subsequently netted me a sixfold salary bump.
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Vegas Disney Fan
Well-Known Member
I partially disagree, I think people took a year off and realized they were happier and are willing to make due with less.There are no labor shortages, anywhere.
There are PAY shortages, everywhere.
Consider what would happen if every CM got $100 per hour. Clearly silly, but now? We are just arguing about the price.
I know 2 mothers and a father who didn’t come back when we got called back to work, they decided they’d rather spend more time with their family and their husbands (and wife) can support the whole family, they are just going without some luxuries. We also had a 60 year old who decided to retire early rather than coming back. That’s 4 out of about 100 people who were recalled in our department, and we‘re in an upper middle class pay range.
If 4% of the nations workforce decides to “retire” that’s millions of people.
If they offered $100 an hour im sure they’d all come out of retirement but I don’t think any of them would for anything less than $40 an hour (in the case of my coworkers), and most of the industries struggling for employees can’t realistically pay $40 an hour.
And for some Americans they went in a savings spree ( staying/ working at home , not many places to spend there money to support local business due to closures, and actually enlarged their bank account ( ie net worth/ rising stock market ). Some I know did retire early when they realized their net worth doubled due to stock market gains and then some and called it quits.
Vegas Disney Fan
Well-Known Member
We have the same thing happening here in Vegas, house prices have tripled in the last few years… mostly Californians who sold their old 1500sq ft CA home for a fortune and can afford a brand new 2500sq ft home here and still stash a couple hundred thousand into savings.
My big question is who are the people buying in California? (Or in Floridas case New York) I have friends who bought a home in San Fran (twitch employees) and they paid $1.5 million, it’s mind boggling to think there’s enough people out there that make enough to sustain those prices.
I would think ones who cashed out stock market gains who bought in CA. Even the luxury car market is booming in these times. I have friends and family that live in Southern CA. Beachfront real estate is also being bought out by families from Asia and the Middle East as second/ third homes also driving the values up. What you described CA moving to Vegas , that's been going on for many years with NY/ NJ money moving to FL.
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Probably those worker protests nationwide for $15 per hour helped with the wage increases. It is all good to get some to earn more but I know increased labor costs will be passed to us the consumers in terms of higher priced products. Apt landlords also get wind of the wage increases and see opportunity - higher wage makers then higher rent residents will pay.
Even though there is a constitutional amendment in Florida governing the minimum wage and subsequent increases that takes effect next year, any increase in the minimum wage are currently is due to market pressure.
But here is the schedule for minimum wage increases, as per section 24(C) of Florida's Constitution.
• $11.00 on September 30, 2022
• $12.00 on September 30, 2023
• $13.00 on September 30, 2024
• $14.00 on September 30, 2025
• $15.00 on September 30, 2026
Beginning 2027, the minimum wage will be adjusted annually for inflation
Anyway, educational moment aside, as I stated below, supply and demand is the primary barometer for rent increases - not high wages.
GrimGrinningGhost43
New Member
Just a few thoughts.
1. Supply and demand are driving rent increases and the overall market for housing right now, not wages. The supply of housing in central florida has been focused on luxury segments, condos, and vacation homes because that's where the return on investment has been for companies.
2. Other institutional companies now though are out-competing wage-earners for the remaining houses. You see Zillow, Blackrock, etc. all buying houses for way above 'market' value and outcompeting the average family who can't necessarily pay 20% above asking price.
3. Doubling wages for Cast Members does not instantly mean that prices have to double. Wages are ultimately only one component of running the business.
Disney can continue increasing wages to attract Cast Members to the areas most in need right now, but there are significant externalities that are going to continue to make it difficult to attract Cast Members for reasons that are not exclusively Disney's to solve.
1. Supply and demand are driving rent increases and the overall market for housing right now, not wages. The supply of housing in central florida has been focused on luxury segments, condos, and vacation homes because that's where the return on investment has been for companies.
2. Other institutional companies now though are out-competing wage-earners for the remaining houses. You see Zillow, Blackrock, etc. all buying houses for way above 'market' value and outcompeting the average family who can't necessarily pay 20% above asking price.
3. Doubling wages for Cast Members does not instantly mean that prices have to double. Wages are ultimately only one component of running the business.
Disney can continue increasing wages to attract Cast Members to the areas most in need right now, but there are significant externalities that are going to continue to make it difficult to attract Cast Members for reasons that are not exclusively Disney's to solve.
Unless the surrounding community can control it's insane COL increase, Disney's staffing problems will become worse.
Goofyernmost
Well-Known Member
Not gonna happen. The area including WDW itself has been taken over by big money. They are making it their own and bringing those COL's up not just in Orlando, but the rest of the country as well. It appears to me that no one will be happy until all of us lower class people are living under an interstate bridge.
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Vegas Disney Fan
Well-Known Member
Some live in those week to week high rise apts in Kissimmee . it is basically a hotel room with a fridge and microwave and a local bus stop in front that takes you to WDW. They are near Celebration and in a sketchy part of town but that's what Kissimmee generally is. See Willem Dafoe in " The Florida Project" and see the dark side near WDW.
John park hopper
Well-Known Member
Agree-- WDW has plenty of property they could build a "CM Village" with modular housing probably relatively cheaply, they do it with their generic hotel these days. Charge nominal rent.
If WDW goes down this road, and cast live on property then they would be subject to Disney rules . They risk losing their jobs and get evicted if they do not comply. ( aka college program housing where cast are held accountable for their actions ).
A 4 bed / 2 bath at Flamingo with each CP paying $195 per week? That is around $3K per month rent.
Yeah, sad that it is cheap huh? You would actually have it divided between 8 people(if bunk bed situation that many have become) you have about 100 bucks or more out of the paycheck a week for a furnished apartment and utilities. This is nothing new.