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Did you speak the language?
Did you have roof over your head?
Did you have food in your fridge?
Did you have a vehicle to take you places?
Did you know anyone around you?
We didn't.
Yes.
Sometimes.
No.
No.
No.
Did you have a mother supporting you? A father supporting you? Siblings? Any family at all supporting you? Any community at all supporting you?
I didn't.
There was no "we" for me, as it is for most people who end up trapped in minimum wage jobs.
why are those incapable people should be getting paid more?
In the business world, I strongly believe that person should not be getting paid more than they're worth.
What do you believe is the actual productive worth of unskilled labor, in set dollar per hour figures?
Did you have a mother supporting you? A father supporting you? Siblings? Any family at all supporting you? Any community at all supporting you?
I didn't.
There was no "we" for me, as it is for most people who end up trapped in minimum wage jobs.
How was my mother/father supposed to support me? We all came here -only 3 of us. my routine was HS-PT job 1 - PT job 2 - PT job 3 - I would shower and sleep in School.
We knew nobody here, we spoke no language, we learned of the community that could provide support only once we already had more or less decent jobs - because we were helping that community.
Quote:
Originally Posted by marigolds6
What do you believe is the actual productive worth of unskilled labor, in set dollar per hour figures?
It depends on the value the said unskilled labor yields.
As a general, blanket statement, minimum wage is enough. If it isn't enough to survive, one should either adjust the way of living or better themselves.
Most of the people are just lazy to learn a skill; and I see no reason why laziness should be rewarded.
What do you believe is the actual productive worth of unskilled labor, in set dollar per hour figures?
Untried unskilled laborers? It is ZERO. People are worth what they can provide the company with. A rule of thumb that I have worked with is people should bring in 3X what they are paid as a minimum requirement. Imagine how much happier people would be if they were told that the minimum wage did not exist anymore. Imagine how much more productive workers would be if they were now paid 1/3 of what they bring into a business. Instead of people fighting to make $15 an hour they could prove to the company that they are worth the $15 an hour by producing at least $45 of value. For the main streem media following readers, value means income to the business and not sales of the product. Lets say that a BigMac meal cost $7 but has an income to the franchise of $1.00 (And I have no idea what is the profit margin for a BigMac meal) The $1.00 devided by all the people that provided that Bigmac meal. Lets say that 4 people were involved with the process, the person making the food, walking the food over to the counter, the person taking the order, and the person cleaning up. So now we are down to $0.25 To justify making $15 an hour you would need to sell 180 Big Mac meals an hour. If someone knows what the actual profit margin is then it would be fun to complete the numbers. We can adjust sales to see if it is a viable thing to pay someone $15 an hour to work at McDonalds.
Untried unskilled laborers? It is ZERO. People are worth what they can provide the company with. A rule of thumb that I have worked with is people should bring in 3X what they are paid as a minimum requirement. Imagine how much happier people would be if they were told that the minimum wage did not exist anymore. Imagine how much more productive workers would be if they were now paid 1/3 of what they bring into a business. Instead of people fighting to make $15 an hour they could prove to the company that they are worth the $15 an hour by producing at least $45 of value. For the main streem media following readers, value means income to the business and not sales of the product. Lets say that a BigMac meal cost $7 but has an income to the franchise of $1.00 (And I have no idea what is the profit margin for a BigMac meal) The $1.00 devided by all the people that provided that Bigmac meal. Lets say that 4 people were involved with the process, the person making the food, walking the food over to the counter, the person taking the order, and the person cleaning up. So now we are down to $0.25 To justify making $15 an hour you would need to sell 180 Big Mac meals an hour. If someone knows what the actual profit margin is then it would be fun to complete the numbers. We can adjust sales to see if it is a viable thing to pay someone $15 an hour to work at McDonalds.
Not all employees work in a 'profit center' (e.g. manufacturing, sales) where their contributon can be easily quantified. Customer service (e.g. tech support that's not sales) doesn't produce direct revenue; what are those employees worth?
Customer service (e.g. tech support that's not sales) doesn't produce direct revenue; what are those employees worth?
We all know that it costs more to recruit new customers than to retain existing ones, so it follows that anyone whose job is to prevent churn is worth the amount of revenue they retain, plus the amount of additional revenue secured via upselling, cross-selling, and contract/subscription renewals.
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