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Old 08-04-2015, 07:33 AM
 
Location: Northern Virginia
1,474 posts, read 2,299,991 times
Reputation: 3290

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Quote:
Originally Posted by bradykp View Post
his expiriment hasn't failed. the biggest "hard times" he's experiencing is other companies are mad at him for doing it.
You're right. The only trouble that has come from this is that he's lost two employees and the media is in a general uproar.

The last line of the article states:

"For the time being the $70,000 minimum wage stands, but for how long, or for how long Gravity Payments can survive, is up in the air."

The CEO has run the numbers. They'll be fine as long as they don't lose customers.
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Old 08-04-2015, 08:01 AM
 
1,586 posts, read 2,148,148 times
Reputation: 2418
Quote:
Originally Posted by bradykp View Post
his expiriment hasn't failed. the biggest "hard times" he's experiencing is other companies are mad at him for doing it.
EXACTLY. I thought this immediately as I read the original New York Times article, but I couldn't come up with such a pithy way to say it.

People are framing this as if the CEO decided to pay everyone at least $70,000 and that proved not to be a sustainable business model. And maybe it isn't, who knows, but nobody has suggested that it's not. Instead, he seems to be failing because he didn't take into account that some people are enormous jerks. I myself knew people were jerks but I have to admit that until this story came to light, I didn't quite grasp the magnitude of jerkiness that's out there.

See, I've always known that people like to succeed, and that they often define that success as making lots of money, but I didn't realize that so many people require that success to occur at the expense of other people. I wonder if that's a recent trend in our culture. It does mirror a development I've noticed in American conservatism during my lifetime.

When I was a kid just starting to follow politics, it seemed that the essential difference between liberals and conservatives was that liberals wanted to help everyone prosper, while conservatives thought that while it would be nice if everyone could prosper, that's an unrealistic ideal -- government can't really make it happen and it's dangerous to try. But at some point in the past 25 or so years, that philosophy has shifted. Now, more often, conservatives appear to espouse that it's undesirable for everyone to prosper, not because people's lives would be negatively affected -- by definition, they wouldn't -- but because it's morally wrong. To me, that's a pretty disturbing idea.

In this story, you seem to have a lot of people who have bought into this newly popular Randian philosophy cutting ties with the company because they're opposed to its morals, not because the business model doesn't work.
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Old 08-04-2015, 08:49 AM
 
Location: Ruidoso, NM
5,667 posts, read 6,593,451 times
Reputation: 4817
Quote:
Originally Posted by Fargobound View Post
How many times does socialism have to fail before people realize it's a bad idea?
First, there was nothing socialist about it. Second, it had nothing to do with the success or failure of the company.

Third, if you define socialism as wealth redistribution, then it is something every developed country in the world does extensively. It's actually essential to the prosperity of any consumer-capitalist system. If anything the US does it poorly and not enough.
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Old 08-04-2015, 08:53 AM
 
Location: Kalamalka Lake, B.C.
3,563 posts, read 5,376,145 times
Reputation: 4975
Default As my wife used to say:

Quote:
Originally Posted by Fargobound View Post
It seems the company is on the rocks. This is pure comedy gold.

CEO Who Raised Minimum Salary To $70k Falls On Hard Times | The Daily Caller
You can be a genius all of your life, yet be incredibly stupid for just one moment.
Not finishing that junior college degree eventually may show.
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Old 08-04-2015, 09:44 AM
 
2,189 posts, read 2,605,280 times
Reputation: 3736
It would probably work better as a continuing annual bonus out of profits, something like what the Kingston Technology CEO did when his company was sold, except on an annual basis:

Dec. 14, 1996: Big Holiday Bonus Shows Workers the Money | WIRED
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Old 08-04-2015, 09:55 AM
 
2,189 posts, read 2,605,280 times
Reputation: 3736
Quote:
Originally Posted by boulevardofdef View Post
EXACTLY. I thought this immediately as I read the original New York Times article, but I couldn't come up with such a pithy way to say it.

See, I've always known that people like to succeed, and that they often define that success as making lots of money, but I didn't realize that so many people require that success to occur at the expense of other people. I wonder if that's a recent trend in our culture. It does mirror a development I've noticed in American conservatism during my lifetime.

When I was a kid just starting to follow politics, it seemed that the essential difference between liberals and conservatives was that liberals wanted to help everyone prosper, while conservatives thought that while it would be nice if everyone could prosper, that's an unrealistic ideal -- government can't really make it happen and it's dangerous to try. But at some point in the past 25 or so years, that philosophy has shifted. Now, more often, conservatives appear to espouse that it's undesirable for everyone to prosper, not because people's lives would be negatively affected -- by definition, they wouldn't -- but because it's morally wrong. To me, that's a pretty disturbing idea.

In this story, you seem to have a lot of people who have bought into this newly popular Randian philosophy cutting ties with the company because they're opposed to its morals, not because the business model doesn't work.
That is conservative thinking in a nutshell, they have theirs and nobody else gets a piece of the pie, just like they have their healthcare insurance and how dare Obama get others healthcare insurance. Conservatives uphold the military/fire/police but those are all socialist models where generals don't make that much more than privates and everyone from top to bottom gets healthcare, and the truth is the people at the lower end of the pay scale do the most difficult/dangerous work that requires smarts and dedication and courage. You apply conservative values to the military and generals will get $100 million a year and privates make less than minimum wage with no health care.
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Old 08-04-2015, 10:03 AM
 
34,619 posts, read 21,607,699 times
Reputation: 22232
Quote:
Originally Posted by boulevardofdef View Post
conservatives appear to espouse that it's undesirable for everyone to prosper, not because people's lives would be negatively affected -- by definition, they wouldn't -- but because it's morally wrong. To me, that's a pretty disturbing idea.
More disturbing is that so many liberals can't grasp the basic human drive based upon reward.

Let's say schools gave A's to everybody who showed up for class. Do you believe it would change study habits?\

Quote:
Originally Posted by fumbling View Post
That is conservative thinking in a nutshell, they have theirs and nobody else gets a piece of the pie
Many liberals believe they are entitled to the pies made by other people.

They are the ones who show up empty handed to the party, eat and drink what everyone else brought, and then leave right after the food and beverages are gone without even offering to help clean up.
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Old 08-04-2015, 10:05 AM
 
Location: Great State of Texas
86,052 posts, read 84,464,288 times
Reputation: 27720
Quote:
Originally Posted by fumbling View Post
That is conservative thinking in a nutshell, they have theirs and nobody else gets a piece of the pie, just like they have their healthcare insurance and how dare Obama get others healthcare insurance. Conservatives uphold the military/fire/police but those are all socialist models where generals don't make that much more than privates and everyone from top to bottom gets healthcare, and the truth is the people at the lower end of the pay scale do the most difficult/dangerous work that requires smarts and dedication and courage. You apply conservative values to the military and generals will get $100 million a year and privates make less than minimum wage with no health care.
Seattle is hardly the hotbed of conservatives.
And with those workers being in their 20's, living in Seattle I'm going to risk saying they're probably very liberal minded and lean more to the left than the right.
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Old 08-04-2015, 10:07 AM
 
50,748 posts, read 36,458,112 times
Reputation: 76564
Quote:
Originally Posted by PedroMartinez View Post
Many liberals believe they are entitled to the pies made by other people.

They are the ones who show up empty handed to the party, eat and drink what everyone else brought, and then leave right after the food and beverages are gone without even offering to help clean up.
It's actually the opposite. We're the ones who bring extra pies in case there aren't enough for everyone.
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Old 08-04-2015, 10:08 AM
 
34,619 posts, read 21,607,699 times
Reputation: 22232
Quote:
Originally Posted by ocnjgirl View Post
It's actually the opposite. We're the ones who bring extra pies in case there aren't enough for everyone.
No, because you feel you are ENTITLED to it.
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