This post may contain Adult content.
This page is a permanent link to the reply below and its nested replies. See all post replies »
@ViciDraco Without a minimum wage, though... nothing stops companies from paying you one cent an hour...
The maximum wage is a good idea - but would they really curb the fat cats giving each other bonuses just for surviving the year???
The maximum wage is a good idea - but would they really curb the fat cats giving each other bonuses just for surviving the year???
MethDozer · M
@ViciDraco that's it. The problem is minimum wage laws aren't aggressive enough with stop gaps that unsure the wage increase comes at the top raking in obscene amounts of money. How many times do we here the economy is down but these companies are recording record profits? Those two things shouldn't exist together. Just like the insane idea that every year the profits at the top need to be or should more than what was made last year. Like if a company took in a billion dollars last it is failure if it ONLY takes in a billion dollars this year.
We need laws that cap the maximum amount of wages at the top CEO and investor level in relation to the lowest earning worker for the same business
We need laws that cap the maximum amount of wages at the top CEO and investor level in relation to the lowest earning worker for the same business
ViciDraco · 41-45, M
@MethDozer It is hard to get people to understand how it all works because poor people work on absolute numbers and rich people work on percentages.
A hypothetical business makes hamburgers that they sell for ten dollars and it costs them one dollar to make it. If paying employees more would cause the cost to make the hamburger rise to two dollars, most of us working class folks would expect the business to pass that cost on to us and charge eleven dollars. But rich people don't work that way. They have been making 10X return on those hamburgers. So they would now charge twenty dollars and consider it breaking even. Because they weren't thinking about nine dollars in profit. They were thinking about a thousand percent return.
I would definitely be in favor of maximum wages being calculated by some combination of lowest wage, median wage, and mean wage in a business. That way you have to look at pay scales through the entire company. But that would also necessitate cracking down on businesses employing 'independent contractors' and then not considering them employees as well.
A hypothetical business makes hamburgers that they sell for ten dollars and it costs them one dollar to make it. If paying employees more would cause the cost to make the hamburger rise to two dollars, most of us working class folks would expect the business to pass that cost on to us and charge eleven dollars. But rich people don't work that way. They have been making 10X return on those hamburgers. So they would now charge twenty dollars and consider it breaking even. Because they weren't thinking about nine dollars in profit. They were thinking about a thousand percent return.
I would definitely be in favor of maximum wages being calculated by some combination of lowest wage, median wage, and mean wage in a business. That way you have to look at pay scales through the entire company. But that would also necessitate cracking down on businesses employing 'independent contractors' and then not considering them employees as well.
MethDozer · M
@ViciDraco Yep. The return on investment expected by the owner and investor class is insane and absurd. They expect these unreasonable returns ever since Friedman and Reagan style economics destroyed the middle class that none of us peons could ever hope to see on anything we invest in despite the lower classes typically choosing to invest in more useful things.