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Company in Goshen issues raised to compensate for inflation

Photo supplied / Pixabay.com

You’ve been feeling it when you pay at the grocery store or when you get gas.

Inflation means more money coming out of your wallet and you probably haven’t gotten a raise to compensate, unless you work at a company like Viewrail in Goshen.

They make industrial staircases and they raised their starting wage for some industrial workers to $25 per hour, to compensate for inflation.

“We don’t want our employees to lose ground on their earnings based on the inflationary issues that are surrounding us right now” said Troy Burns, of Viewrail, talking to WISH TV.

He said the company wants to keep their own costs down by not having to constantly train new people.

“One of the main things we are trying to do, honestly, is combat this idea of ‘flight,’ so to speak, where everyone is leaving a job because the next one is offering another 25 cents or offering a signing bonus of $250 and this rotation of employee base is just killing so many of our manufacturing industries,” said Burns.

This week they also laid out a wage adjustment plan, so that as costs keep rising, so do the wages.

“I think raising wages are a good thing,” said Kyle Anderson, an economist at Indiana University. “They help people. They are good for the economy. “So what we want to see are workers who are producing more, getting paid more, but maybe cost are not going up that much because they are more productive.”

The company hopes to save some money in the long run. But, costs for their high end products will be going up by five percent to pay for the raises.

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