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So what? This sounds like jealousy more than anything. No one is stopping you from "showing them how it is done" by starting your own business to compete with them and show the world that people are more important than profits..........but you won't be in business long
That advice is ridiculous. I think what the poster was saying is that in many cases, the amount the CEO is making is often so much more than what the average line worker makes that it could cover a small raise for all or most of the employees in the company. There was a time when CEOs only made around 10x what a typical employee made and now it is more than 200x what a typical employee earns. What is the reason for that? Even if a company is doing badly and lays off huge numbers of workers, a CEO might still get a raise.
That advice is ridiculous. I think what the poster was saying is that in many cases, the amount the CEO is making is often so much more than what the average line worker makes that it could cover a small raise for all or most of the employees in the company. There was a time when CEOs only made around 10x what a typical employee made and now it is more than 200x what a typical employee earns. What is the reason for that? Even if a company is doing badly and lays off huge numbers of workers, a CEO might still get a raise.
Easy. Fred is CEO of company A. Barney is CEO of company B. Barney is on the board of company A. Fred is on the board of company B. Fred gives Barney a raise. Barney gives Fred a raise. They get paid big bucks and big severance to goose the stock price in the short term to benefit a few big shareholders at the cost to the many small shareholders left holding the bag when the company fails/stock drops. IE, short term gain for the big few at the cost of the long term profit of the company as a whole. Employees and small stock holders are just collateral damage to them.
IIRC it was not uncommon in the US to pay slaves a token pittance, and/or to allow skilled slaves to keep a portion of their profits when hired out. The idea was to financially incentivize good work habits and compliance. If people have something to lose they are less likely to act out or rebel. Many slaves dreamed of buying their own freedom, but of course owners were careful not to let them accumulate that much money, except a in a very few rare cases.
the correct terminology would be indentured servitude which was common after slavery was abolished since most newly freed slaves didnt have money to buy their own lands.
the correct terminology would be indentured servitude which was common after slavery was abolished since most newly freed slaves didnt have money to buy their own lands.
No. Paying a pittance to chattel slaves did not make them indentured servants. It made them chattel slaves who were also being paid a pittance. They were still the legal property of the owner, as were their offspring, for perpetuity, unless sold or set free - basically the same status as livestock. This is distinct from indentured servitude.
Tons of tech companies are demanding bachelor's degree (as a minimum) and/or with years experience for an entry level position. More like entry level pay.
What utter drivel. This note is nothing more than a wink and a nod in favor of continual indentured servitude at slave wages.
Many years ago I worked Piece work and got paid exactly like that. 1/3rd of each job. Because I had a good work ethic I made tons of money. Bought my first house in cash. Many other people who worked at that company barely made a dime. It was because they didnt want to work. Not because they didnt get paid enough
Many years ago I worked Piece work and got paid exactly like that. 1/3rd of each job. Because I had a good work ethic I made tons of money. Bought my first house in cash. Many other people who worked at that company barely made a dime. It was because they didnt want to work. Not because they didnt get paid enough
Yep main reason why i like pay by the job.. quickly you can get in and out, better off you are.. Now the company i work for pays for block hours. So if the job is 10 mins, we still have to stay on site for 1 hour min.. sucks for sure.. as it limits our rate per day.
Tons of tech companies are demanding bachelor's degree (as a minimum) and/or with years experience for an entry level position. More like entry level pay.
So you want 200K for entry level?
There was a time where people got out of college, paid their dues, and rose up. What is wrong with this current generation that they're entitled to 200K salaries right out of college.
I recently saw an ad for a developer job in a specialized discipline....5-7 years of experience required, 10+ preferred...expert-level in database architecture, optimization, reporting, analysis cubes, ETL, .NET, and some administration. Pay range was $80k-$95k.
Someone with expert-level skills in all of those disciplines could command $150k easy.
Also...the world of database is highly specialized at this point. You have architects, who usually started as developers or administrators. You have reporting specialists who are good with SSRS, Cognos, Tableau, Crystal Reports, or another similar product. (These are generally the lowest-paid DB developers.) ETL developers load data warehouses and need to be good with architecture, indexing, optimization, etc. as well as have expert-level skills in SSIS, Informatica, or Talend...as well as expert level T-SQL skills.
.NET is a whole other field altogether. Database specialists by and large aren't usually also .NET experts.
DBAs are a whole other field altogether.
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