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You pay people based on the VALUE of the job to your organization. That is why the guy cleaning toilets does not earn that same wage as the guy who is in the field selling your product. Clean toilets does not make your company more profitable.
Value my eye. People working retail jobs are asked to upsell customers all day long and many of them don't get a dime more for the added value they produce.
Sure it does. The employee must determine if their labor is worth what is being offered as wages. If there is no match, then don't accept the job if you can make more doing something else.
When you're a wage slave, and the rent is due, and the cupboard is bare, you accept what's offered.
Location: Currently I physically reside on the 3rd planet from the sun
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Quote:
Originally Posted by freemkt
When you're a wage slave, and the rent is due, and the cupboard is bare, you accept what's offered.
Been there dont that!
And the guy cleaning toilets does add to the bottom line. I'm not a big use of public restrooms but if the urge hits and I walk into a restroom at a retail store, restaurant etc. and it's filthy - I won't go back -ever, that's just disgusting.
On the other hand, if it sparkles, I'll definitely be back. Might sound silly but if the organization cares from the bottom up and hires people who care from the bottom up they are probably an organization I would like to support with my business.
Value my eye. People working retail jobs are asked to upsell customers all day long and many of them don't get a dime more for the added value they produce.
It is hard to cite "many people" as the standard for why a system doesn't work. I can tell you that when I worked in retail I fell into the exact situation you outlined, as well as about half of my co-workers.
I can also tell you that I did it to the best of my ability (I'm just not the sales-type) and was fairly successful. As part of my annual raises (hourly rate at that time) I was given what I believed was slightly more than some of my co-workers, and it was something that I felt reflected my additional contributions. Additionally, I was offered more responsibility that included opening and closing of the store, and was offered a full time assistant manager position within about 2 years of that. This was for a large, well known national retailer, and I worked there for about 5 years from the end of high school to the end of college. Anecdotal information, yes...but it aligns with how a successful business should operate when they value their employees and want to grow.
Value my eye. People working retail jobs are asked to upsell customers all day long and many of them don't get a dime more for the added value they produce.
Upselling is part of the job in retail. Employees DO get some rewards for generating more dollars per transaction such as lunch or movie tickets.
I have a friend whose sister graduated from Penn State and got an entry-level job as a receptionist for a marketing company. She was paid $28K/year back in 1986 when entry-level engineers were getting $23K. The reason being that she was the FIRST CONTACT with any new clients and they wanted someone competant answering phones. Answering the phone for a marketing/sales company is MORE VALUABLE.
That's the problem with CEOs. Especially if you want to compare them to other highly paid individuals. Most see themselves as Dwayne Wade or Tom Brady Caliber but in reality they are more like Ricky Davis or Jake Delhomme and get paid like the former.
People tend to gloss over a few things concerning CEO's.
many have very little time to themselves, they are on call 24 hours a day 7 days a week, every day of the year. They are responsible for everything that happens, good or bad, whether they had a hand in it or not. If a subordinate makes a decision that has a oil filled taker go off course 1 degree and the ship gets beached, it's the fault of the CEO. (think Exxon).
So yes, their compensation is going to be much more than the single factory worker, because their decisions can have an effect on an entire company and thousands of employees. That's a lot of pressure, a lot of stress.
I am not a CEO, I am a worker. I get paid for the work I do, at a rate agreed upon between my employer and myself, with benefits agreed upon by each of us. I trust the CEO doesn't do something that gets the entire company bankrupted, and they trust I do what they hired me to do. If I screw up, I get fired, if they screw up, the whole company can lose their jobs.
You pay people based on the VALUE of the job to your organization. That is why the guy cleaning toilets does not earn that same wage as the guy who is in the field selling your product. Clean toilets does not make your company more profitable.
Dirty toilets that spread germs that cause illnesses can certainly cut productivity of a company.
Upselling is part of the job in retail. Employees DO get some rewards for generating more dollars per transaction such as lunch or movie tickets.
I have a friend whose sister graduated from Penn State and got an entry-level job as a receptionist for a marketing company. She was paid $28K/year back in 1986 when entry-level engineers were getting $23K. The reason being that she was the FIRST CONTACT with any new clients and they wanted someone competant answering phones. Answering the phone for a marketing/sales company is MORE VALUABLE.
Today, that receptionist is making minimum wage and is told she is "lucky" to have the job and there is the door if she doesn't like it.
1. Livable wage? If your wages are not enough to live in, increase your skills, or get a new employer.
2. How many people remember that we have Abraham Lincoln to thank for federal income tax?
3. Not all employers pay dirt cheap. Some pay decent wages and benefits, so that they may keep/retain employees that are beneficial to the company.
Employment is a 2 way street. As an employee you have to bring benefit to your employer, and as an employer, you have to be able to pay a wage that is competitive with others to keep employees. The difference between now and in the 20's, is there are MANY more employers available and many are willing to pay what it takes to get beneficial employees and keep them, realizing that it's more cost effective and productive having people trained and happy where they are.
I am lucky in that I work for one of those employers. I make a decent wage, get yearly bonuses, wage increases, time off, insurance, etc etc etc.
Better than that, I enjoy the work I do, and look forward to going to work. So, not only am I employed in a field I enjoy, I found employment with a good employer. I am sure that if I can do that, others can as well.
So you must be a union worker, right?
Union jobs (according to some) are the only jobs that pay well and provide benefits.
Funny thing though, the highest wage earners that I know are non union.
How is it that a person who does very hard physical labor all day in a factory get minimum wage?
How hard is it?
How many other people can fill the position?
What is the level of difficulty of the work?
There are many people who can handle hard physical labor.
Are you insinuating that physical labor is more valued than non physical labor?
History has not proven it to be so.
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