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The stock option racket is just tax avoidance, since capital gains are taxed at a much lower rate than salary
I'm not saying the CEO doesn't make off VERY well with their stock options, but rather that this idea that the $90M (or fake made up $300M) really has no impact on the company expenses as it relates to profit margin as I took the original post to be trying to claim.
My problem is the impact on other workers. For example, most EMT workers here make about 12-15 per hour. So now the fry guy will make as much as the best paid EMT. Do we raise the EMT salary as well? And then what about those who are currently paid more than the EMT, raise that too?
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
27,606 posts, read 14,619,501 times
Reputation: 9169
Quote:
Originally Posted by MJJersey
My problem is the impact on other workers. For example, most EMT workers here make about 12-15 per hour. So now the fry guy will make as much as the best paid EMT. Do we raise the EMT salary as well? And then what about those who are currently paid more than the EMT, raise that too?
So what if they didn't go up? Why is it so important to some people for the value of a job to be that it pays more than a different job? That is the logic of a sellout
So what if they didn't go up? Why is it so important to some people for the value of a job to be that it pays more than a different job? That is the logic of a sellout
It's not the logic of a "sell out." Just because you like a job doesn't mean you'll do it for nothing. High stress jobs like nursing, law enforcement, firefighter, and others are often done by people who are paid well and like doung it. But burnout is high even with higher pay. Jobs that require degrees also have the added student loan burden. Someone may like animals but taking out huge loans for vet school would be an economic blunder if she could make the same amount selling phones at the mall. This will create a huge dearth of skilled labor. Socialst countries already went down this road to ruin.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
27,606 posts, read 14,619,501 times
Reputation: 9169
Quote:
Originally Posted by MJJersey
It's not the logic of a "sell out." Just because you like a job doesn't mean you'll do it for nothing. High stress jobs like nursing, law enforcement, firefighter, and others are often done by people who are paid well and like doung it. But burnout is high even with higher pay. Jobs that require degrees also have the added student loan burden. Someone may like animals but taking out huge loans for vet school would be an economic blunder if she could make the same amount selling phones at the mall. This will create a huge dearth of skilled labor. Socialst countries already went down this road to ruin.
I've already gone into this, not all people do jobs just because of how much they pay. Some people, like myself actually like what we do. If I was only interested in money, I would've gone into finance, or medicine. But I don't want to do that, I drive a semi; and if all of a sudden, a McDonalds worker made just a little less than me, I would continue to drive a semi, because I am talented at it and enjoy it
My problem is the impact on other workers. For example, most EMT workers here make about 12-15 per hour. So now the fry guy will make as much as the best paid EMT. Do we raise the EMT salary as well? And then what about those who are currently paid more than the EMT, raise that too?
Exactly! When this $15/hr for fast food workers issue came up, I thought-what about the CNAs, the Home Health Aides, etc. The median CNA (Certified Nursing Assistant) wage is $11.00/hr. And these people do the real grunt work in the hospitals, the bedpan emptying, lifting patients, etc, etc, etc. Maybe it's just that fast food workers are more visible to the average person. CNAs have a lot more responsibility.
Quote:
Originally Posted by FirebirdCamaro1220
So what if they didn't go up? Why is it so important to some people for the value of a job to be that it pays more than a different job? That is the logic of a sellout
Quote:
Originally Posted by FirebirdCamaro1220
I've already gone into this, not all people do jobs just because of how much they pay. Some people, like myself actually like what we do. If I was only interested in money, I would've gone into finance, or medicine. But I don't want to do that, I drive a semi; and if all of a sudden, a McDonalds worker made just a little less than me, I would continue to drive a semi, because I am talented at it and enjoy it
I don't know what you think is a "sellout". EMTs, which MJJersey mentioned, CNAs, HHAs, etc have far more responsibility than fast food workers. In addition, many fast food jobs are held by teens who are acutally being supported by their parents, whereas most of the above jobs require a person to be at least 18, and many, especially CNAs and HHAs are held by middle age women supporting themselves and their families. You have "gone into" the notion that people do jobs for other than money, with which I agree, but unless one is independently wealthy (e.g. a trust-funder) one is working to make a living. Few are doing a job solely for personal fulfillment. You have presented no evidence that this is true.
There is not a "$15/hr for fast food workers". Its a $15 minimum wage by 2020 for all workers. Huge difference. The people currently making $15/hr will greatly improve their bargaining power and see their wages go up substantially.
It's not the logic of a "sell out." Just because you like a job doesn't mean you'll do it for nothing. High stress jobs like nursing, law enforcement, firefighter, and others are often done by people who are paid well and like doung it. But burnout is high even with higher pay. Jobs that require degrees also have the added student loan burden. Someone may like animals but taking out huge loans for vet school would be an economic blunder if she could make the same amount selling phones at the mall. This will create a huge dearth of skilled labor. Socialst countries already went down this road to ruin.
This is a logical fallacy. First of all, the minimum wage would apply to all work. No one would make less than $15 by 2020. Second, the people who are currently making $15 will massively improve their bargaining power. "socialist countries" went down to ruin? Are you talking about Australia and Denmark? Plenty of countries have much higher effective minimum wage than America and there is no shortage of skilled labor. You make it sound like skilled labor employers are banned from offering higher wages, which they will when employees can point to what others make and threaten to leave. Studies show that a raise in the minimum wage increase the wages of ten times as many workers as the people at the bottom. It lifts all boats.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
27,606 posts, read 14,619,501 times
Reputation: 9169
Quote:
Originally Posted by Katarina Witt
Exactly! When this $15/hr for fast food workers issue came up, I thought-what about the CNAs, the Home Health Aides, etc. The median CNA (Certified Nursing Assistant) wage is $11.00/hr. And these people do the real grunt work in the hospitals, the bedpan emptying, lifting patients, etc, etc, etc. Maybe it's just that fast food workers are more visible to the average person. CNAs have a lot more responsibility.
I don't know what you think is a "sellout". EMTs, which MJJersey mentioned, CNAs, HHAs, etc have far more responsibility than fast food workers. In addition, many fast food jobs are held by teens who are acutally being supported by their parents, whereas most of the above jobs require a person to be at least 18, and many, especially CNAs and HHAs are held by middle age women supporting themselves and their families. You have "gone into" the notion that people do jobs for other than money, with which I agree, but unless one is independently wealthy (e.g. a trust-funder) one is working to make a living. Few are doing a job solely for personal fulfillment. You have presented no evidence that this is true.
I think a sellout is someone who compromises their passion solely for money. Just as an example, the people who are against raising the minimum wage like yourself who say if McDonalds paid $15.00/hr that they would quit their current jobs and work at McDonalds are sellouts; because clearly their passion is to work at McDonalds, but they forego that for $$$ at whatever job they do now, which by their logic is not their passion
See how that works?
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