Company Near Seattle Introduces $70K Minimum Wage

[rgG]

h linamen wrote:
Yeah, right.... I'm sure he's going to live on $70,000 as owner of the company. AND, if half of the employees had their salaries doubled by this move, I would think the rest of the employees would be ticked off. Nothing said about them having their salaries doubled too to compensate for a higher level of responsibility.

Yeah, exactly. What if you were making $75K with say 10 years experience and now your assistant that is straight out of school was making $35K now makes only $5K less than you? This is a novel idea but it really doesn't make good business sense.

[Speedy]

Yes, he is just sowing the seeds of employee discontent. "Joe didn't deserve that big raise when I got a smaller one." They'll soon be wearing three-corner hats.

h linamen wrote:
Yeah, right.... I'm sure he's going to live on $70,000 as owner of the company. AND, if half of the employees had their salaries doubled by this move, I would think the rest of the employees would be ticked off. Nothing said about them having their salaries doubled too to compensate for a higher level of responsibility.

[Carnos Jax]

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. It's hard to say which is correct. But to purely base every decision on money may be (or may not be) the wrong way we were conditioned into thinking living in a 'capitalistic' economy.

[Racer X]

M A V I C wrote:
Since when is Ballard "near Seattle"?

well, PRIOR to the Great Seattle Fire of 1906..........

[Racer X]

rgG wrote:
[quote=h linamen]
Yeah, right.... I'm sure he's going to live on $70,000 as owner of the company. AND, if half of the employees had their salaries doubled by this move, I would think the rest of the employees would be ticked off. Nothing said about them having their salaries doubled too to compensate for a higher level of responsibility.

Yeah, exactly. What if you were making $75K with say 10 years experience and now your assistant that is straight out of school was making $35K now makes only $5K less than you? This is a novel idea but it really doesn't make good business sense.
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:

[Pam]

Geez. Everyone has to look a gift horse in the mouth. Even when they aren't the recipient. This is happening over 3 years and just like minimum wage increases, it will affect those who aren't getting the biggest initial benefit. This guy didn't start his company at 19 and grow it to where it is by being an idiot.

[sekker]

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."

[vision63]

Armchair quarterbacks. This guy knows what he's doing. And if I make $80,000 and my assistant suddenly makes $70,000, and I have a problem with that, what does that make me? A petty, insecure moron. I wouldn't even want you working for me. Get to steppin'.

[WHiiP]

What is his termination policy?

[Lemon Drop]

M A V I C wrote:
Since when is Ballard "near Seattle"?

yeah I wondered that too, they called it "north of Seattle." Snark.

For those of you not from around here, Ballard is the name of a neighborhood in Seattle.