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anytime you talk about any kind of increase in minimum wage you are a socialist. WTF!
This wasn't an increase of minimum wage. It was a private business owner. Not to mention that if minimum wage never increased wed still be at 1 per hour.
This was a sole decision by the CEO of his own company though. Socialism is a collective ownership, a collective stake...this was a man who owns his own company choosing to lower his own pay and pay his employees more.
It's capitalism if the CEO chooses to lower worker salaries equally, but it's socialism if they choose to raise them equally?? Do you guys really believe this stuff or are you just baiting?
this was actually an example of capitalism...he tried to inject socialist pay scales and his more experienced people quit, or will quit
perfect example of how socialism does NOT work
do YOU want to make the same amount as someone 1/10th as experienced or valuable as you are??
please
the message this guy sent?
Work your ass off as a top level employee for $75k...or, scrub toilets and work the mail room, doing the bare minimum, at $70k...
please tell me how this retains the high level talent in this company?? Even if my $75k number is LOW for his top level people, it aint that far from the real number
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.
I know you were responding to a different poster, but to be perfectly honest with you, many feel the same way about people who think like you.
While I do not take personal glee in what happened to this CEO, I also understand where the OP is coming from.
Many of these pie in the sky liberal minded people come up with half baked ideas and want others to implement them with everyone else's money. Sure this guy did it with the companies money, but that hardly changes the fact he failed in his duties as CEO by implementing such a irresponsible policy.
Now everyone who has a job there is in jeopardy.
BTW - Don't think for a minute that he and most other people who espouse such nonsense want it to be implemented on a state or national scale. Another words, try my feel good idea by taxing others to implement it.
Heck I get a kick out of people like Buffett who talks a good game, but chooses to use his excess money and fund a private charity. While that is a noble cause, he could be taking his excess money and funding the federal government. There is nothing precluding him from writing an extra big check to the IRS every year on top of his required.
Ever wonder why he is calling for higher taxes, yet doesn't voluntarily pay more himself?
I applaud the CEO for putting his money where his mouth is. But before he tries something like that again, maybe he can take some time and learn about basic economics, and human nature, and the difference between equality of opportunity and equality of outcomes.
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