- 481
- 306
On the first and second page a couple people were talking about a 70k cap for everyone.
Last edited:
Seattle CEO to cut his pay so every worker earns $70,000
- 32,853
- 81,482
No someone said earlier in the thread that a 70K cap would be cool or something
- 74,881
- 24,275
Nah someone in the thread suggested an earnings cap. It's just not plausible. Some jobs are worth more than others.
- 64,964
- 196,091
Oh ok, my bad, I found the comment.
Thanks brahs. Reps all around for wastin dem keystrokes on me
Thanks brahs. Reps all around for wastin dem keystrokes on me
Last edited:
Mr Dink
formerly foamposite xi
- 12,102
- 10,313
There has to be a medium. $15/hr is just too high too soon. It's not giving the economy enough time to keep up with the inflation. Small companies are going to run out of business and big companies will see mass layoffs.
- 74,881
- 24,275
I will agree with you that small business will take a hit. Small business owners have their hands full with Obamacare and what not already, they don't need another headache.
Last edited:
- 64,964
- 196,091
What about $10.15 like Obama proposed, with it being tied to inflation?
Last edited:
- 7,004
- 522
Minimum wage already hasn't risen with inflation. Increasing it to 15 would still leave it behind.
blco02
Banned
- 3,932
- 1,281
Just so you guys know, minimum wage isn't supposed to necessarily be enough to "live on". It's meant for entry level work and for someone to gain experience with. Certainly not meant to raise a family on or anything close to it. The first minimum wage in 1938 was 25 cents an hour, adjusted for inflation that's $4.13 in today's dollars.
Last edited:
- 16,543
- 7,757
What's a better alternative?
- 74,881
- 24,275
When jobs are outsourced and growth stagnates people are stuck living on them though.
What are the average and median wages in the United States?
- 64,964
- 196,091
- 6,975
- 5,473
san francisco min. wage is $15.. but cost of living belongs in the Wilding thread..
san jose i think is $10..
san jose i think is $10..
- 11,588
- 837
San Francisco is currently $11.05 and will jump to $12.25 May 1st.
Last edited:
bravelude
Banned
- 7,573
- 1,115
Everyone starts somewhere, there needs to be a bridge and gap for society to function. That's just the hard truth.
In terms of taking a pay cut to 'support workers? Well, it's like saying the owner of a sole proprietor taking a cut for the employees. It's not a good move. If there's really an incentive involved, the CEO could've increased BENEFITS to 'keep' the workers. He could offer better benefits like higher matching at the 401K level. You don't throw a buffet at your staff that way. You create short term euphoria. But if he's really doing that well like Tim Cook or Steve, then okay. Just saying though.
Raising their wages is an artificial pump. It does nothing to motivate or create incentive. it creates laziness. No competition = no progress.
In terms of taking a pay cut to 'support workers? Well, it's like saying the owner of a sole proprietor taking a cut for the employees. It's not a good move. If there's really an incentive involved, the CEO could've increased BENEFITS to 'keep' the workers. He could offer better benefits like higher matching at the 401K level. You don't throw a buffet at your staff that way. You create short term euphoria. But if he's really doing that well like Tim Cook or Steve, then okay. Just saying though.
Raising their wages is an artificial pump. It does nothing to motivate or create incentive. it creates laziness. No competition = no progress.
Last edited:
nikeskywalker
Banned
- 2,519
- 707
that sounds like more money in less time vs your less money over a long time
superb
Banned
- 5,042
- 935
Will never happen. Read thee the keywords. Over the mext 3 years.,
His idea bubbled into reality on Monday afternoon, when Mr. Price surprised his 120-person staff by announcing that he planned over the next three years to raise the salary of even the lowest-paid clerk, customer service representative and salesman to a minimum of $70,000.
His idea bubbled into reality on Monday afternoon, when Mr. Price surprised his 120-person staff by announcing that he planned over the next three years to raise the salary of even the lowest-paid clerk, customer service representative and salesman to a minimum of $70,000.
- 23,368
- 5,446
- 6,227
- 238
Seattle 
- 9,092
- 7,285
Dude is respected by me for that
But it's a bad economic decision. We need different levels in this world. Everybody can't stunt, because it takes away from the effect of stunting
But it's a bad economic decision. We need different levels in this world. Everybody can't stunt, because it takes away from the effect of stunting
Minimum $70,000 is still a good salary! Hell, if I wasn't getting paid that much... I'd gladly wait the 3 years, to when I do get paid that much.
- 9,995
- 3,286
Why does anyone need to stunt period?
fontaine
Banned
- 8,053
- 6,535
Not necessarily
For proposed minimum wage increases, there are tiers of businesses
Larger businesses have to comply first because they have the infrastructure to do so...
And its staggered.
I used to think the same way until I started to do some research on it.
The only way employees would be assed out is if it was a completely perfect market
Plus must minimum wage jobs are for large corporations
fontaine
Banned
- 8,053
- 6,535
But competition for those jobs = progress
Not only will he be able to bring in better talent...
But his current employees will DEFINITELY try to keep that 70k a year job...
If your a secretary making 70k, you know they can cut you anytime right?
You act like once you're in a job they can't fire you.
Also, the wage increase is staggered. Like all minimum wage increases....
Plus, Seattle is raising their minimum wage + a ton of tech jobs going there... so the COL is going to raise slightly
