Posted on 08/02/2015 11:51:39 AM PDT by rickmichaels
Okay, I admit to smiling. However, it is nice when a liberal puts his own money up instead of somebody else’s.
Men who ride unicorns should not be handling other peoples money.
There goes the libs income inequality meme.
The hard times seem to be trivial. Two whiners left because they want to make more than others who they deem less valuable. (not their call to make)
This only matters if they weren’t immediately replaced by two other people with similar skills. The story didn’t say those two jobs haven’t been filled to the satisfaction of the company. They likely found two skilled people, who believe in his concept, and like the idea of 70k a year.
And his minority position brother launched a lawsuit to try to grab some loot. And he is adjusting his lifestyle to 70k a year.
Hard times/
Sorry, but hierarchy is in the nature of things.
He didn’t realize the software developers, who were already making $70K and over, wouldn’t be too thrilled to learn the mailroom kid was making the same. What a dummy. Lol.
His company... His money...
Socialism... We all fail together
Darn! where can I apply for my $70,000 job with this company?
He probably thought his announcement would create positive advertisement and liberals would line up to buy his services.... He thought wrong!
Yep. That’s exactly what he thought was going to happen.
Got the opposite. Oops.
Gee, could it be that not every employee is WORTH $70k a year? < /sarc >
Paging Mr. Galt...
Its not as one sided as this selected edit claims, it certainly isn’t all roses for this guy and his company, but I would suggest reading the full article the linked one decided to selectively quote from at the NYT rather than this clearly one sided excerpt.
Time will tell what will happen with this company, but the source article is hardly a full on indictment than they are failing because of his decisions.
Actually you need to go read the original article, you will find they have seen an increase in customers etc... while they have lost others. I doubt this guys plan will work as he envisioned myself, but the original story is hardly one of the complete failure that this selected edit one that is linked to provides.
You miss the point. If this happens over and over again, the effect is cumulative over time. Even if the effect is small now, it increases each time.
Its his company, so he can certainly do what he has done. The question is, was his decision good for his business. In my view he made two big mistakes.
1. By announcing a minimum wage, every employee knows the floor for all employees. Therefore, everyone can compare their salaries against the floor and evaluate where they stand. If they consider themselves more valuable with other employees, but are obviously being paid the minimum, they are going to be disgruntled.
2. By either eliminating or narrowing the range of salaries that recognize difference in ability, education, and experience, the owner is devaluing workers who may be smarter, more capable, and harder working. That will drive the work force to a common denominator, mediocrity. Everyone will soon work at the level of the least motivated and skilled worker. The two people who walked are a symptom of this dynamic. Bad move.
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