Thousands not paying NYCHA rent, now complain when asked to pay (income, taxes)
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"But Ms. Dominick, an administrative assistant at a foster care agency"
So who do you expect to work this type of job in NYC, and for what pay? Kids can't do it because they're in school, and retirees are retired. Maybe the employer should make the job temporary too, like 5 years max, so that young adults don't stay in the same type of job forever, and give more young adults a chance.
Quote:
Originally Posted by SeventhFloor
^
Why I am I not surprised nobody responded to my post
Let me answer it but knowing you, you are not seeking answers but to argue against it.
The free market works wonderfully in just that situation. If no one is willing to do that job and that job is critical to that employer, then that employer will raise the pay/incentives until someone takes it.
That is why the free market works so well. No need for government to interfere and artificially require this job or that job be paid this much or that much. If left alone, the free market determines what each job is really worth, like it should be.
Get it? Probably not because you love to argue despite being wrong and have a big ego and need to “win” any debate.
Let me answer it but knowing you, you are not seeking answers but to argue against it.
The free market works wonderfully in just that situation. If no one is willing to do that job and that job is critical to that employer, then that employer will raise the pay/incentives until someone takes it.
That is why the free market works so well. No need for government to interfere and artificially require this job or that job be paid this much or that much. If left alone, the free market determines what each job is really worth, like it should be.
Get it? Probably not because you love to argue despite being wrong and have a big ego and need to “win” any debate.
I'm starting to become skeptical about the bolded. Can you provide an example (pre-pandemic of course) where a company failed to attract talent so they raised the salary/benefits? The reason why I'm skeptical is because all companies have an operating budget. How are they able to raise the pay and not go over budget? I'm willing to be convinced if there's evidence, no biggie.
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
“I’m scared that I’m going to get evicted,” said Eileen Dominick, who lives in NYCHA’s Red Hook Houses development in Brooklyn and says she owes more than $3,000. “I wouldn’t know what to do. I wouldn’t have anywhere to go. I wouldn’t be able to afford an apartment with the market today.”
I wonder how much those in her position spent last year on alcohol, nicotine, and fast food?
I'm starting to become skeptical about the bolded. Can you provide an example (pre-pandemic of course) where a company failed to attract talent so they raised the salary/benefits? The reason why I'm skeptical is because all companies have an operating budget. How are they able to raise the pay and not go over budget? I'm willing to be convinced if there's evidence, no biggie.
The entire tech industry or the oil industry (when there's a period of rapid growth) but there needs to be a true imbalance in demand/supply and an operating model with the margins necessary to support aggressive hiring.
I'm working 2 jobs WFH in under 40hr/week. You better believe that companies are overpaying for labor and they have the margins to support it.
If you work in retail, a sector known for exceptionally low margins, then of course they stick to strict budgets. The problem with retail is that workers are there to SUPPORT sales. They don't necessarily drive sales.
The entire tech industry or the oil industry (when there's a period of rapid growth) but there needs to be a true imbalance in demand/supply and an operating model with the margins necessary to support aggressive hiring.
I'm working 2 jobs WFH in under 40hr/week. You better believe that companies are overpaying for labor and they have the margins to support it.
If you work in retail, a sector known for exceptionally low margins, then of course they stick to strict budgets. The problem with retail is that workers are there to SUPPORT sales. They don't necessarily drive sales.
It's just mathematics my friend.
But the tech or oil industry were failing to attract talent due solely to low wages?
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
But the tech or oil industry were failing to attract talent due solely to low wages?
Imbalance in supply/demand drives wages. Wages are set by the marginal taker. If companies cannot fill positions with the required workers, their ONLY option is to raise wages. If they can find people at a certain wage and/or run the businesses without suffering too much (subjective based on each business) then they won't raise wages.
The oil industry pays what it does for rig workers (esp during booms) because they need to hire a lot of labor in a short period of time because oil booms are cyclical. The faster they pump more oil, the longer they can take advantage of the boom.
You think companies pay $150K for 10-20 hours of work because they like me? It's because they can't find enough other idiots to take less. That's capitalism.
Look at all the people paying retarded prices for cars. It's just supply/demand (and usually government regulation if there is). The price is whatever the last person paid for it.
But the tech or oil industry were failing to attract talent due solely to low wages?
No, they were not failing to attract anything. Their industry was booming and they couldn’t get enough qualified people hence they needed to raise pay even higher to get more people to go into tech. That’s another example of the free market.
For example, a freshman entering college was undecided on what to major. He always liked art so he was leaning towards that but his friend (or something he reads on social media or the news) says there are lots of tech jobs or oil jobs that pays really well now. He decides that is what he will study. After graduating, he applies and gets into that industry.
Multiply this by millions across society and that is how the free market works from the supply side. Supply and demand. It is like an ebb and flow, constantly moving back and forth depending on the market forces to settle on a balance. Government interference often times throws a monkey wrench into that natural balance that is why Democrats with their love for big government and socialism is really bad for the economy.
I'm starting to become skeptical about the bolded. Can you provide an example (pre-pandemic of course) where a company failed to attract talent so they raised the salary/benefits? The reason why I'm skeptical is because all companies have an operating budget. How are they able to raise the pay and not go over budget? I'm willing to be convinced if there's evidence, no biggie.
And that is why it is not easy to run a company. You have to skillfully balance your needs and expenditures while still looking at profits. That is why all the Leftist rhetoric against the higher pay of executives is just to fool the plebeians. There’s a reason why CEO’s make millions and that janitor is making $30K. His job requires a lot of thinking skills and his decisions affect the whole company’s success. That janitor job can be done by anyone and does not make or break the company.
Does that mean there might be some instances where CEO’s are overpaid? Of course there are, we are not a perfect world. But in general, professions are paid a certain salary for a reason and that reason goes back to supply and demand.
And that is why it is not easy to run a company. You have to skillfully balance your needs and expenditures while still looking at profits. That is why all the Leftist rhetoric against the higher pay of executives is just to fool the plebeians. There’s a reason why CEO’s make millions and that janitor is making $30K. His job requires a lot of thinking skills and his decisions affect the whole company’s success. That janitor job can be done by anyone and does not make or break the company.
Does that mean there might be some instances where CEO’s are overpaid? Of course there are, we are not a perfect world. But in general, professions are paid a certain salary for a reason and that reason goes back to supply and demand.
CEOs are overpaid but for the same reason. Supply/demand. Boards are too lazy/non-creative/scared to hire outside of a small group.
CEOs are overpaid but for the same reason. Supply/demand. Boards are too lazy/non-creative/scared to hire outside of a small group.
If that is the case, then the free market will correct it at some point. If the board selects the wrong CEO, he fails their company and their competitor beats them out. The board and CEO will be replaced. The free market works so efficiently.
Only the Left hates it because they get most of their support from the lower classes with their populist rhetoric (hate the rich, we are helping you the poor, etc.).
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