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They're not as concerned about what they're getting as they are what others are. Crabs in a barrel.
Teapot, kettle. The left absolutely lives by Jonesing its neighbors.
Quote:
Originally Posted by mtl1
I'm certainly not a liberal but it sounds like a lot of jealousy. The mentality of a lot of people is they would turn down a raise if it meant their coworkers got one too.
No, rather, in a typical firm what they're thinking is "I'm doing knowledge work and/or or highly skilled work and care about my output and meanwhile this department that gabs half the day and makes mistakes that come back to our desks for resolution is now making the same pay."
If he's able to stay in business and if he is willing to continue taking all the risk only to have to rent out his own home to make ends meet. Sorry, I wouldn't.
It's funny, I remember when he did this and libby's and dems were praising him, now, well, we'll see what happens.
The new contracts he got won't pay off until next year so we will see.
Look...the guy wanted to do something he thought was right with HIS money and HIS company.
So why are you guys so giddy that he's hit a bump in the road while trying to give people more money?
Was he taking the money out of your pocket to carry out this experiment?
I havent ever heard anyone criticize him for taking his own money and giving it to his employees.. But this is an indication of what liberal "utopia" is, and what happens when "fairness" enters into the discussion in regards to salaries etc, when not everyone does equal amount of work..
It was doomed to fail from the start, as it seems he took almost every excess dime, even his own salary to carry about the experiment. Hopefully he will be able to overcome the financial hurdle he created, and while it has little effect on the rest of the nation, liberals wnat to expand this out to everyone, (i.e. $15 minimum wage etc) and then pretend there isnt any ramifications upon society.
That was one dumb CEO handing out $35.00 per hour to new employees when some more productive people had worked for years to get to that level. This is not am example of minimum wage, it's an example of stupidity.
Change the "$35.00" to $15.00 and the very same argument could be made..
He has $8 million in labor costs now and his company revenue last year were only $2.2 million.
I dont think that figure is correct, I believe last years profits were $2.2 million, not revenues.
Its not clear if thats before, or after the $1M salary the owner took
He did however take that $2.2 million and spread it out among his employees, leaving him no cushion to deal with a down cycle, or lawsuit in this scenario.
Dan Price, Seattle CEO who set company minimum wage at $70K, now struggles to make ends meet - Washington Times The Seattle CEO who raised salaries for all of his employees to a minimum of $70,000 a year, drawing accusations of socialism, now says he has fallen on hard times. Dan Price, the 31-year-old CEO of credit-card processing firm Gravity Payments, told The New York Times that things have gotten so bad for him financially that he’s been forced to rent out his own house to make ends meet.
Please point out the part where the government forced Price to make the decision he did regarding employee compensation. Because it sure sounds like a "private enterprise" policy to me.
Mr Price lost two of his "most valued" employees when they became angry that lower-skilled workers were being paid a similar salary.
I wonder, if minimum wage increased, are businesses going to raise the income levels for the higher skill workers elsewhere.
The most likely effect would be that some employers would increase the wages of some people make not too far above minimum wage.
Mainly to keep them happier as this often brings complaining from this sector in many lower paid jobs/fields.
"Two of Mr. Price’s most valued employees quit,...." -NYT
And without even realizing it, the socialist New York Times makes an observation about labor market value.
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Socialism, you say...
