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+--- Thread: Company Near Seattle Introduces $70K Minimum Wage (/showthread.php?tid=178342)
Re: Company Near Seattle Introduces $70K Minimum Wage - Onamuji - 04-15-2015
Lemon Drop wrote:
[quote=Onamuji]
[quote=Lemon Drop]
What a person is "worth" to an employer is what that employer is willing to pay. It's that simple.
What a person is "worth" to an employer is how much potential that person represents as an opportunity to capture money and realize profits.
What an employer is willing to pay for those services is an entirely separate matter.
And that's not so simple.
the potential is part of what the person is worth to the employer
as your value increases, you'll earn more
Ha!
Ha ha!!
Ha ha!!
That's a good one.
Know any more? You're great with the jokes!
Re: Company Near Seattle Introduces $70K Minimum Wage - mrbigstuff - 04-15-2015
clearly not every company can do this but does that preclude any company from doing it?
Re: Company Near Seattle Introduces $70K Minimum Wage - Carnos Jax - 04-15-2015
sekker wrote: So is it better to fire 1/3 of my team so that the other 2/3 earn more?
I would think you can't fire anyone if it means the company will be losing a proportional amount of income as a result. This is another way of saying you should only hire an employee (regardless of what they do) if it means that the company will make more money as a result of their presence.
Re: Company Near Seattle Introduces $70K Minimum Wage - rgG - 04-15-2015
mrbigstuff wrote:
clearly not every company can do this but does that preclude any company from doing it?
The only point I am trying to make is that this is an anomaly. Nothing more, nothing less.
He can do whatever he likes, but it really has no bearing on any other company or what should be good business practice at other places. It is like Oprah giving everyone in the audience a car. Nice for them, nice gesture by her, no effect on anyone else.
Re: Company Near Seattle Introduces $70K Minimum Wage - mattkime - 04-15-2015
I would think the problem might be that unhappy / unmotivated employees might stick around if they're paid more than they'd get elsewhere.
Re: Company Near Seattle Introduces $70K Minimum Wage - Lemon Drop - 04-15-2015
mattkime wrote:
I would think the problem might be that unhappy / unmotivated employees might stick around if they're paid more than they'd get elsewhere.
fair point, but from what I've read about this company and know about the employment scene in Seattle at least, I don't see that being a problem.
I hear that his place has high expectations of employees and can be a little intense, but people seem to like working there.
Re: Company Near Seattle Introduces $70K Minimum Wage - Racer X - 04-15-2015
sekker wrote:
His vacation policy is interesting, too:
"Gravity’s Unlimited Vacation Policy
“It’s about being more flexible and allowing each person to contribute more, and also trusting them to know when they should be at work, and when they can take time off. It allows them to be in the driver’s seat,” said CEO, Dan Price."
Jeff Bezos had an unlimited sick days policy at Blue Origins. ONE person, yes just One person, singlehandedly caused it to be rescinded.
Re: Company Near Seattle Introduces $70K Minimum Wage - Racer X - 04-15-2015
Lemon Drop wrote:
[quote=Racer X]
That is EXACTLY why the $15 minimum wage is going to SCREW UP some things like early childhood education. Lead teachers with degrees and decades of experience will be making just a few bucks more than some kid with a still drying high school diploma.
:
Not sure why you think that. In Seattle the starting pay for new teachers with BAs now is around $24/hour. That's 60% more than $15/hour, which is what minimum wage will be eventually. And by then the teachers will make more...
You misunderstood. ECE is preschool or earlier. If you haven't reached and motivated the kid by @3rd grade, that kid will be far worse off, and harder to reach each year they get older.
The crappy thing is that for 1/10th of what it costs to house an inmate for a year, you could spend an extra grand a year per kid, and prevent them from being an inmate at all. Countless studies have been done for decades.
But they pay ECE educators crap, as well as most educators to a lesser degree. Those that do it well, are doing it out of passion. Sure isn't any money in it. Almost no incentive to do a thankless job other than the smiling kids every day.
Happy to share more, but it will have to be through PMs.
Re: Company Near Seattle Introduces $70K Minimum Wage - silvarios - 04-15-2015
Racer X wrote:
That is EXACTLY why the $15 minimum wage is going to SCREW UP some things like early childhood education. Lead teachers with degrees and decades of experience will be making just a few bucks more than some kid with a still drying high school diploma.
Oh, Steve Jobs only got a buck a year on his check from Apple :RollingEyesSmiley5:
This is sarcasm, no? Steve Jobs pocketed a lot of coin every year and by reducing his "income" enjoyed quite the deal come tax time. Never mind the whole backdating options fiasco. Jobs never intended to pass on more salary to his workers with his $1/year scheme.
Re: Company Near Seattle Introduces $70K Minimum Wage - silvarios - 04-15-2015
Carnos Jax wrote:
All of this brings up many good points. In one sense, if everybody works just as hard, then why shouldn't everyone earn more or less the same. Of course, that brings up issues like "then why go to school to study a harder degree?" In turn, that may force people to study what they like instead of what makes them the most money.
Interesting. Don't see a downside.