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06-30-2008, 10:38 AM
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Location: Alexandria, VA
148 posts, read 588,919 times
Reputation: 120
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There is talk in economic circles that due to high energy and insurance costs, foreign competition, outsourcing, etc, the amount we pay people to do many jobs has to change. Wages have to go down.
You have seen this already in many blue collar environments, factories, and airlines, Circuit City, Radio Shack, etc. They tell the workers that they can not continue to make the type of money they have. Either is is termination or a wage cut or freeze.
Alot of our jobs could be outsourced, or as unemployment goes up, new employees could do the work for far less. Why should we pay an aging tired 20 year company veteran (such as an Administrative Assistant) 50K a year when we could find an eagar younger worker $30K?
We are cutting your pay 40% tommorrow, stay or go? If you stay while you are looking for another job you have to work just as hard or harder than you did when your pay was 40% more! YOUR CHOICE?
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06-30-2008, 10:55 AM
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3,460 posts, read 5,072,134 times
Reputation: 6677
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Dollar devaluation already cut our wages 40%.
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06-30-2008, 11:10 AM
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Location: Londonderry, NH
41,478 posts, read 52,823,640 times
Reputation: 24677
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Ever consider Instant Termination for the boss? and his bosses?
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06-30-2008, 12:31 PM
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3,698 posts, read 10,393,050 times
Reputation: 2612
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Real wages are going down and have been for quite some time.
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06-30-2008, 12:41 PM
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Location: Chino, CA
1,458 posts, read 3,006,916 times
Reputation: 553
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Not for real wages or benefits for CEOs and Corporate Executives:
The Canadian Press: CEO pay chugged up in 2007 despite sagging economy and profits (broken link)
Compensation for corporate chief executives adds up (broken link)
CEO pay climbs despite companies' struggles - USATODAY.com
US: CEO pay sets new record as economy tanks
No wonder we have more business/finance majors in schools compared to engineers/math/science majors.
-chuck22b |
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06-30-2008, 01:07 PM
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3,283 posts, read 4,757,208 times
Reputation: 753
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Quote:
Originally Posted by total_genius
There is talk in economic circles that due to high energy and insurance costs, foreign competition, outsourcing, etc, the amount we pay people to do many jobs has to change. Wages have to go down.
You have seen this already in many blue collar environments, factories, and airlines, Circuit City, Radio Shack, etc. They tell the workers that they can not continue to make the type of money they have. Either is is termination or a wage cut or freeze.
Alot of our jobs could be outsourced, or as unemployment goes up, new employees could do the work for far less. Why should we pay an aging tired 20 year company veteran (such as an Administrative Assistant) 50K a year when we could find an eagar younger worker $30K?
We are cutting your pay 40% tommorrow, stay or go? If you stay while you are looking for another job you have to work just as hard or harder than you did when your pay was 40% more! YOUR CHOICE?
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this is the big problem with america today. in a REAL "free market", one where big guys don't get chapter 11 bailouts, fed bailouts etc, these conglomerates would go out of business.
bad thing? i think it would just be an opportunity for the little guy to get a piece of the action.
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06-30-2008, 01:09 PM
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Location: Eastern Washington
14,949 posts, read 46,587,168 times
Reputation: 14089
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Would prefer a 40% cut to a 100% cut immediately, (so I'd take the cut instead of the pink slip) but would start hunting for something with more normal pay immediately as well...
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06-30-2008, 01:21 PM
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13,059 posts, read 19,245,751 times
Reputation: 21413
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Quote:
Originally Posted by sterlinggirl
Dollar devaluation already cut our wages 40%.
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Well, no, it doesn't exactly work that way.
Dollar devaluation is not inflation. Dollar devaulation is the comparison with other currencies. I don't want to start a side argument with "yeah, but the dollar is only worth this much...". Just saying. |
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06-30-2008, 01:29 PM
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Location: Southern California
15,085 posts, read 18,075,444 times
Reputation: 10305
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I'd accept a 40% cut in pay over losing my job outright but only for a short period of time. And then, I'd expect the company to make it up later.
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06-30-2008, 01:39 PM
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3,283 posts, read 4,757,208 times
Reputation: 753
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Quote:
Originally Posted by Dd714
Well, no, it doesn't exactly work that way.
Dollar devaluation is not inflation. Dollar devaulation is the comparison with other currencies. I don't want to start a side argument with "yeah, but the dollar is only worth this much...". Just saying.
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err well actually.....
inflation - Definitions from Dictionary.com |
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