Nope, you don’t sound right at all. In fact, you sound like the kind of person who would pay his employees as little as he could get away with in order to pocket more for himself. Which, I guess is your idea of “pay based on productivity.” I would see it as, “Pay based on what I can get away with.” If I am right, then you are the best reason why the country needs minimum wage laws, and increases thereof. I just hope the rest of us aren’t having to pony up for food stamps and housing vouchers for your employees.
And if I don’t pay them enough then they can go work somewhere else and then I bear the costs of hiring and training new people and take the chance that the new person cannot do the job at all. In the end, if that happens too much I lose money. As an owner, I am incentivized to keep my employees because in the long run it is cheaper than churning and burning them.
Do you have the slightest understanding about how business or the free market works? Competition? Any of it? It does not sound like it.
And why WOULD I pay more than I have to? I guess if I believed that a business was there to provide jobs instead of make a profit I would do that. I bet you think that is why businesses exist, huh? To provide jobs, profits be damned. As the owner I take on a ton of liability and risk, but in your world I just oughta do that for free, right? I get to shoulder the losses myself but I am greedy and the reason that we need minimum wage laws if I don’t give away my profits to employees who are not as well trained or educated as I am, or who risk nothing right?
You know nothing- minimum wage laws are a detriment. But there is no way you will ever understand because of your entitlement mentality.
I see by your profile page that you’re an attorney. How much do you bill per hour for your secretary’s work? How much do you pay her per hour? Are those numbers equal? Bet not!!! Bet you, like most attorneys, charge the customers at least double or triple what you pay her per hour. And we won’t even discuss the outrageous prices attorney’s charge per hour.