Posted on 08/03/2015 8:14:18 AM PDT by rktman
“Now the people who were just clocking in and out were making the same as me,” he told the paper. “It shackles high performers to less motivated team members.”
(Excerpt) Read more at pjmedia.com ...
People definitely do not understand economics, nor do they understand a Constitutional government of limited powers. We are in many ways an illiterate country.
Back when one of Bill Clinton’s communist “advisors” suggested a “one-time levy” of 25% on all privately held retirement accounts, I mentioned that to a co-worker. She asked “What’s wrong with that?”
No concept that it was an unconstitutional “taking.”
No concept of how it would totally wreck the economy.
Right, that is free market capitalism.
Read that his brother owns 30% of company and is suing him.
Imagine you are an exempt (salaried) employee working for this company (or any medium sized company). You are a conscientious and competent employee who never bangs in sick. You show up every day and bust your hump, working extra hours and weekends when you feel you need to. (Remember that an "exempt" employee does not qualify for overtime.)
Your efforts help the company to be successful and you are rewarded for your efforts by increased salary and promotions. After a few years, you are earning $70,000, more than 90% of the other employees in the company. But you deserve it because you earned it.
Meanwhile, your success is envied by some of your less than stellar co-workers. These workers like to gripe and complain and have a "not my job" mentality. They only turn in the minimum performance necessary and never volunteer to go the extra mile. You will not see them in the office on weekends or after 5. Some of these employees actually resent you because you make them look bad by comparison. They call you a "brown noser" and other names behind your back. But you are okay with this because you are making $70K and these chumps are always going to be stuck in the $35-40K range.
But one morning you come to work and get the memo that your CEO has decided to raise everybody's salary to $70,000. The same salary you worked so hard to attain. Is the boss raising your salary to $105,000 to compensate? No. Maybe he threw you a 10% raise to take some of the sting out of it. If you are lucky.
So now you have to deal with your co-workers, who you have picked up the slack for all these years, walking by your cubicle with knowing smirks on their faces. They are now making pretty much the same money as you and they never had to work for it.
Does that make you feel like a sucker? Does that make you feel like going home at 5:00 on the button and not giving the company anything extra from that point on? Or more likely, it will cause you to update your resume and find employment with a company that truly values your exceptional skillset. Let your current boss deal with the mediocrity that remains behind.
This CEO is a real bonehead.
People will go along with an unconstitutional act if it suits there sense of ‘The Moral Good’, not realizing that it may (will) come back to bite them. A liberal/nik would be happy to sanction the police breaking into Cheney’s home and killing everyone but doesn’t stop to think that their own door may be knocked in 6 months later.
One word: seattle.
This failure was predicted.
Why didn’t he just unionize his shop. It’s the same principle. I was union Pipefitter in my earlier days. My craft specialty was welding. Welders always worked in a Fitter/Welder pair. Here’s how inequality worked in my trade.
A company calls the hall and says I need one pipefitter and one welder. Now we are both card carrying journeymen pipefitters and both expected to have the same basic skill sets. Because I went out as a welder, I would go immediately to the test booth and the pipefitter would go immediately out to the field and assigned to a crew. If I failed the welding tests I would not be hired (still got paid during testing), but the fitter had no such test and was on the job for the duration. I would haul my ass back to the union hall and they would send out the next welder on the list. We both got the same rate of pay but the welder was held responsible for all the work the pair did. Why? because if the piping system/component didn’t fit the plans but the welder joined the pipes together, the thought was he should have known the measurements were wrong and not welded the pipes together. So they fire the welder and the fitter stays.
“But now people are calling it communism? “
Yes, communism. Capitalism isn’t about making whatever choices you desire and then the freedom to do so is called ‘capitalism’.
With the whole $15 min wage push I never hear anyone comment on how the employees who worked hard for years and moved from $7 to $13 will feel when everyone is suddenly making $15. Will the employer have to pay them $17? I remember coming out of college and taking a job at $6 per hour because I was interested in the products they sold. The owner insisted that is all the job pays. Within a year I was making $13 plus commission because I showed the owner that I could make him a lot more money. I never once asked for a raise. He just kept giving me one.
You got raises because you were a productive employee. You became more productive as you gained experience and showed you could handle increased responsibilities.
Stories such as yours seem lost on liberals sometimes.
That first thread, some of the comments are pretty funny in light of what is happening to the company now.
I don’t recall anyone saying that government should control wages.
Hasn’t Trump even called for a “one time” wealth tax?
Bkmk...
anyone can do any job, ‘qualifications’ is a white-male-imperialist construct...
for how to do it better see: Venezuela
lol
/sarcasm
Yup, positive end tip of the statistics curve.
It sounds like one or two people are whiners who want to decide what other people get paid. If they are worth more than 70k, then go away and get it.
Organizations all have those annoying people who are so convinced that only they are any good and everyone else sucks.
I bet it could easily be demonstrated that the lower ranking employees motivation, loyalty, and dedication levels shot up, and that the prima ballerinas who walked were quickly replaced by someone who likes the corporate culture. And the new hires are probably just as good as the ones who walked. Talent is a dime a dozen.
I have worked at companies where the laziest worker is protected by supervisors and managers who do not want to rock the boat. They will complain about those that speak up though. You and others end up doing their work and the pay is either the same or not much different. It encourages you to leave.
If the company lasts at all I would hope those that got a big raise will save that money as they will not get that kind of money again unless they work for the state gov’t....
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