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My nephew, who is a highly skilled and compensated Accountant (CPA) at a large company was having an interesting discussion with some poorly paid Accounting Assistants at his office.
My nephew is making about $160K after working in the field for about 15 years and getting his CPA and a Masters Degree in Accounting. He has Big Four experience and has worked at a few highly respected companies in a wide variety of roles in Accounting.
The Accounting Assistants at his employer are graduates of a Community College Accounting Assistant Program and have 5-7 years of experience. They make about $40K a year. They told my nephew that it is unfair that they only make one-quarter of his wage while both doing work in the field. They told him the higher paid Accountants should take a pay cut to help out the poorly paid Accounting Assistants.
What do you think. If there is only a certain amount of money available for salaries, don't you think that people like my nephew, a non-manager, is being overpaid if he is making four times the wage of the Accounting Assistant? Should he take a pay cut so the lower paid employees can live the American Dream?
They're making it a moral argument by using the term "unfair".
Recall the idiot who decided it was not moral for some of his employees to make more than others.
So he paid everyone $70K.
His best employees walked. He's depleting his savings, selling his house and slowly going out of business.
All because he brought morals into his business.
"Unfair" is how socialists try to drive a wedge between people, they try to breed resentment.
If anyone making $40K resents someone making $160K , they will never succeed in life.
Since we're all "Retired Now" there really isn't enough information in the question to answer. On the face of it, no, because he brings a skill they don't to the table. But there may be more in the specifics of a situation. If the highly skilled accountant is in fact only doing assistant work, then he should be paid for the work he is doing and vice versa. It's not just about the skills someone brings to the work, but what they do with them once there. If they're all doing the same actual job, then something is out of whack.
They're making it a moral argument by using the term "unfair".
Recall the idiot who decided it was not moral for some of his employees to make more than others.
So he paid everyone $70K.
His best employees walked. He's depleting his savings, selling his house and slowly going out of business.
All because he brought morals into his business.
"Unfair" is how socialists try to drive a wedge between people, they try to breed resentment.
If anyone making $40K resents someone making $160K , they will never succeed in life.
An individual employer deciding what to pay his workers isn't socialism; it's capitalism.
And unless his "best employees" had extremely rare, highly specialized skills then he did not go out of business because they quit their jobs.
short answer- no. I worked hard, got advanced degrees and got promotions for my work. I subsidize others by paying my taxes. This is not a socialist country (yet).
In this country one is paid according to one's return to the company. Personal initiative is what drives the economy and keeps the U.S. ahead of all else. It is a Capitalist economy.
The better one does the more one makes- is how it should be kept.
The Japanese are very efficient however lack not drive but imagination...innovation is ours, here, due to our materialistic ways. This is not always a good thing but it works really well to make people pursue personal success.
To think any other way is not even plausible. It is alright for a forum topic but does not work at all in the real world.
As Churchill said, "Democracy is the worst form of Government except for all of the other forms that have been tried."
What a great line.
Quote:
Originally Posted by jribe
short answer- no. I worked hard, got advanced degrees and got promotions for my work. I subsidize others by paying my taxes. This is not a socialist country (yet).
Recall the idiot who decided it was not moral for some of his employees to make more than others.
So he paid everyone $70K.
His best employees walked. He's depleting his savings, selling his house and slowly going out of business.
All because he brought morals into his business.
So what?
Just like the OP's employer, it's his game. He can play it however he wants.
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Absolutely,
