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I think the problem was not the salaries it was the company itself? Maybe it never had chance because of what they were offering for sale was not something people wanted ? Or maybe the company was just poorly run and has nothing to do with salaries?
What in the world are you talking about? The company is making more money than ever before and appears to be thriving.
That is the problem with liberal ideas. They want to be judged solely on their "good intentions" and not the actual results. No wonder this country is $20+ trillion in debt.
That is the problem with liberal ideas. They want to be judged solely on their "good intentions" and not the actual results. No wonder this country is $20+ trillion in debt.
The more I read your post (based on the "actual results" of Gravity Payments "good intentions").................
I still don't see how a private business owner deciding what to pay his own employees constitutes socialism.
It doesn't. The business isn't being forced to do anything. It's an unusual business move and I think it will be hard to keep afloat long term.
I don't know why a businesses choices constitute a liberal vs conservative argument, it this really comparable to the government doing this at a state or national scale?
But only at the low end. He did little to nothing with regards to the more experienced people who had been there for years.
He tried to equalize wages. A newbie with no experience or skills had just as much weight with the company as the manager who had been there for 5 years.
And after they were gone he lamented about losing his most valuable employees.
But they can't be if you think everyone is equal.
isn't it FAIR to pay everyone the same ?? why should someone else make sooo much more than his brother/neighbor??
why should the rich have all the spoils of life??
oh,,,,, so everyone got the same but you expected different output levels??
oh...so an entry level,,,,,employee with less skills makes the same as a long time professional that has 3 degrees ??
oh.....so you expected the same motivations/productivity per employee?? when everyone has the same pay?
oh...... so when the least dedicated calls in sick,,,a lot, milks he system, they get paid the same as a person on salary who works 60-70 hrs per week?
productivity is the cornerstone of a strong company
yes,,,socialism can kill productivity,,
what incentive do many have if you all get paid the same??
if you reward ,, productivities, new ideas, dedication, high work performance , leadership capabilities,
the cream will rise to the top..
socialism and democrats seems to applaud the lowest common denominators,,,,and bring people down
conservatives,,,,try to push people up with opportunities .... you can achieve and be rewarded if you apply yourself and work hard
I don't understand why you call it comedy? His intentions were good, and he used his own high salary to try to do it. We should all be sad that it failed, not take glee in it. I don't get people anymore.
Same here he tried to do something good for his employees while it didn't work for that period of time he did his employees a solid, the majority of big name companies don't give a rat's arse if you can live on what they pay you or not.
Same here he tried to do something good for his employees while it didn't work for that period of time he did his employees a solid, the majority of big name companies don't give a rat's arse if you can live on what they pay you or not.
It did work. What are you talking about? The lawsuit is over and Price won.
Since the initial pay hike, there's been a baby boom at the office, and Gravity Payments, based in Seattle, has seen increased retention and happiness rates (the latter is measured by an online-survey service employees use) among workers. Their overall commute time is shorter, since some employees used the additional money to move closer to work.
Quote:
sales skyrocketed after the announcement, and Gravity Payments continues to take on new clients at a rate it never had before. It reports nearly doubling profits in a year, from $3.5 million in 2014 to $6.5 million in 2015. So Price is re-evaluating the metrics, and still trying to decide what his income should look like.
The picture is a bit fuzzier this year. Through April, Gravity has added 1,643 clients, up from 1,057 in the year-ago period. Yet customer attrition also has edged up to 6.6% -- at least a small part of which can be traced to fallout from the Bloomberg BusinessWeek story. In the first quarter, revenue rose 33% vs. a year ago to $5.7 million, but profits fell about $100,000, or 7%, to $1.3 million. Pirkle blames a one-time $250,000 software investment and 24 new hires who are still gearing up to produce maximum revenue. Without the raises, profits would have been up, but they’re expected to increase in coming quarters.
Other companies seem to be following his lead though with a bit less money involved in their pay hikes and they too are seeing the benefits.
Quote:
Still, some other employers inspired by Price’s gambit to enact significant but more measured increases are pleased with the results.
Sounds a lot like what happened at the nursing home my mom worked at. There were women who worked there for 20 years. Would get normal raises. Suddenly the nursing home raised the minimum pay and the new people were making nearly as much as the ones working there for 20 years.
This is kind of what has happened at Walmart as well. Everyone is happy that they are starting at a higher wage and, when they've finished their training, they get another $1 hour. They'll almost be caught up with me after six years working there. I don't resent it but some do. Nobody has quit over it yet.
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