Liberal Gave All Employees 70k Minimum Wage, Then THIS Happened! (Going Broke)

The Federalist Papers ^ | 8/1/2015 | JASON W. STEVENS

[VTenigma]

See tagline

[Secret Agent Man]

See hes too rich. He owns a private house and drives a private car.

[unixfox]

A fool and his money...

[Beave Meister]

.....are lucky they got together in the first place. (Gordon Gekko)

[Baynative]

Renting out his house seems so greedy. He should be letting people ‘share’ it for free.

[CodeToad]

There were freepers that said this was a great idea because “it is his money and he can do what he wants”. They have no idea what a company is.

[The Antiyuppie]

“In other words, the least valuable employees got huge raises.”

How socialist and un-American. In most US companies, the most well-connected / worst suck-ups get those, regardless of talent - which isn’t exactly “capitalism”, either.

[TBP]

Karma is a b-—h.

Liberals think they can repeal the laws of human nature and when it doesn’t work, they’re repeatedly stunned and angry.

[rlmorel]

Why does somehow remind me of the book “Atlas Shrugged”?

[rlmorel]

I didn’t read your post, I’m not surprised that I’m not the only one who immediately thought of that…

[SierraWasp]

Johnny Carson would have said this guy suffered from “Shiffer Brains Syndrome!”

[aquila48]

I love the smell of schadenfreud in the morning.

[okie01]

The boy should have taken a few business classes.

My guess is that he did...

[St_Thomas_Aquinas]

How socialist and un-American. In most US companies, the most well-connected / worst suck-ups get those, regardless of talent - which isn’t exactly “capitalism”, either.

There is always room for improvement. The best run retail companies that I have experience with are the ones that offer profit sharing, which seems to me to be the happy medium. If you ever go to a Trader Joe's, you'll notice that the floor people are extremely attentive, almost to the point of being annoying, because they have a stake in how the business performs.

It's ridiculous to put a person in a minimum wage job and expect them to be motivated when there is almost zero hope for any kind of reward. Moreover, line personnel know better than anyone else what is happening on the ground, and can make intelligent suggestions about improvements.

[DAC21]

Seems to me I read his company was not profitable BEFORE he lost his mind. Maybe he wrongfully believed his feel good gesture would drive like minded socialists to his services. What no Soros or Styer to the rescue? ......buwaaahahaa!

[Grampa Dave]

““In other words, the least valuable employees got huge raises.”

This is how companies from small ones to big ones destroy themselves.

They reward the non and marginal producers, the 80%, and ignore or punish the producers, the 20%.

This destroys the company from inside, and competitors finish the weak.