Posted on 08/03/2015 1:57:20 PM PDT by SeekAndFind
As I said on the other thread...
I think he’s simply the result of the American educational system. Look at a lot of Youtube advertizing. It regularly features people with pie in the sky ideas that will change the world in wide eyed wonder too.
Those people learned ignorance. And they learned it fro liberal business/economics teachers in liberal schools.
It’s the exact same mentality that leads people to ‘know’ that they can be any or all of 53 genders, ban flags and think lions really speak English when no one is within earshot.
What is great about this story is the owner has the freedom to try this experiment without any government telling him how to pay his employees. What is also great, he has the freedom to fail without a bailout (unless he contributes to a well placed politician).
"He gave raises to people who have the least skills and are the least equipped to do the job, and the ones who were taking on the most didn’t get much of a bump," she said. To her, a fairer proposal would have been to give smaller increases with the opportunity to earn a future raise with more experience.
Anytime you forsake judgment and honest individual evaluation in favor of “across the board” policies, you invite trouble.
And that’s the big problem we have with governments.
Dan doesn’t live in the real world.
His 120 or so could be replaced by 500 or so doing the same job for less.
His ride has been too easy. It may cost him in the long-run.
So like so many she likes Socialism as long as it doesn't directly impact her.
Meet Dan Price, CEO, dumbass.
A fool and his money are soon parted...
IMHO - Here is the oddest thing about this situation:
A man smart enough to build a prosperous business like this one doesn’t seem to be smart enough to sit down and do the simple math required to determine if his cash flow and profits could support the new wage structure.
That’s maybe 10 minutes with a paper and pencil, the employee rooster and the Profit And Loss statement.
Anemic wage growth? How about oppressive taxes and government overregulation? Cut government, cut taxes, and commerce will thrive thus enabling upward mobility for workers. Bad government is the problem, not low wages.
I’ll pay Maisey whatever she wants......
:>)
The article mentions that he has gained new, presumably dumbass liberal, customers. If he signs on enough moonbats to prop up his failing company, and if his company survives for a year or two... Well, imagine what the media could do with this.
“Pass the equal salaries law!”
It’s not impossible.
But if his employees all wind up unemployed, they will be getting a tax payer bailout for a time.
I enjoyed this story when I first heard it, but I knew it was probably too good to be true, work, or last.
So now if he takes back the $70K/year, he’s going to have a lot of disgruntled people. I don’t know if he can legally do that if they are already receiving it. I guess they could voluntarily do it or he could let people go. I’m sure people will start quitting as they get more and more fed up. Once a company starts swirling the drain, it’s kinda hard to stop that death spiral. Does he have good financial thinkers already in the company to help him revamp? Probably not or he wouldn’t be in this predicament. So that means he would have to hire someone. I’m sure that’s costly. And he’s already being eaten up by salary and legal fees. Will disgruntled employees start suing now, too? I think the guy is in a big pickle. I hope he can revamp.
And when she did realize that it did impact her, she quit.
When the company does fold (looks like his brother’s demands might just kill it), there will be a lot of people newly accustomed to making a lot more than they warrant, and will take their newfound frustrations out on the system one way or another.
Costly lesson.
Good point. People that weren’t actually worth that $70K now think that’s what they should be making. They are going to put that anger somewhere. It truly is similar to a government handout. We’ve seen how vicious people get when what they think they are entitled to dries up.
“Anytime you forsake judgment and honest individual evaluation in favor of “across the board” policies, you invite trouble.”
Well, after all, you don’t want to discriminate on the basis of brains or skill sets or work habits...
That’s maybe 10 minutes with a paper and pencil, the employee rooster and the Profit And Loss statement.
I guess there wasn't an app for that.
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