Community Chat

[Lila Belle]

How about posting more information, like the name of the company and what jobs they perform ?

TIA

[Vivian]

If there are different levels of  responsibility and different educational and training requirements for different jobs, then no, the pay should not be the same. People need to earn a livable wage but that doesn't mean they should all earn the same. The word earn  implies that someone has worked hard enough and is knowledgeable enough to merit the money he/she gets paid. Besides, where is the incentive to learn more and work harder if you know that there's no reward for it? My parents went to Russia in the 1980s. My mother kept a journal and on every page she commented on how people really didn't care about doing their jobs because they were stuck in the same position for life, at the same pay...not a good way to motivate people.

[Stray]

No way!  I worked 28 years for a Company which based compensation on results.  You worked hard, you were compensated.  The workplace as  you describe would be excellent for a poor performer but a competitive or ambitious person would not flourish.  A dynamic workplace is a more positive place to work but "sameness" would promote stagnation.  The answer is to pay for performance and positive results; that is how new products are developed and entrepreneurship works 

[sgraham30]

I'm not sure. I don't think it would be fair  because slackers would be paid the same as someone who puts 110% into their job & those who have a high school education only would make as much as someone with a college degree. Experience would also factor in. Why should someone just starting out make as much as someone who's been doing the job for years?

[nomless]

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@Irshgrl31201 wrote:

I think that is impossible. You will face the same situation the guy just did that paid everyone $70k. He lost harder worker employees who felt they did most of the work while others slacked off and is now being sued by his brother. In a perfect world where everyone had the same work ethic that would be great but in the real world it does not work like that. Now I do own a business and I do pay more than the industry standard but I have less emloyees than I could and they go through a more stringent hiring process to weed out the less motivated people. Of course that doesn't mean that you don't ever get some who slip through but they don't last long.

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I am not sure this info is correct.  There is a company that set the minimim wage at 7Ok, and yes, the CEO's brother has filed a lawsuit, but at this company, not everyone earns 70k.  Some earn more than that.  Some of the other employees are unhappy, though, because they feel they're getting a smaller salary bump than the lower paid employees.  BTW, this company is Gravity Payments in Seattle, and  yes, the minimum wage policy has created all kinds of havoc.  Here's a story about the aftermath of the policy:

http://www.foxnews.com/us/2015/08/01/seattle-ceo-who-set-firm-minimum-wage-to-70g-rents-house-to-mak...

There might be another company that's paying everyone 70k, but I can't find any news about who is doing this.  

And, no, I don't think equal pay is a good idea.  Employees with higher skills and responsibilities should be paid more than those with lower skill sets and less responsibility.  For example, the guy flipping hamburgers in a chain restaurant should not be paid the same as the CEO who oversees the functioning of the hundreds of restaurants in the chain.

[Lila Belle]

http://www.nytimes.com/2015/04/14/business/owner-of-gravity-payments-a-credit-card-processor-is-sett...

I found it.

It'll be interesting to see how this all turns out. I think the boss seems like a pretty good guy.

[biancardi]

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@Sooner wrote:

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@StylishLady wrote:

No chance for advancement? No bonus for working harder/longer? People that think it's a good idea need to think it over.

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It's socialism and it is gaining popularity that we all should be the same and have the same things.  It is an old idea that comes around regularly.  It's the everybody gets a trophy way of life. No matter what you do--you get to get a trophy too.

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no, that isn't what socialism is and I think this whole thread is a red herring

lila belle - thank you for the FACTS.  I loathe baiting threads like this.

[biancardi]

at least this CEO is trying to do better and realizes that his salary is way over the top compared to his employees.  from http://www.nytimes.com/2015/04/14/business/owner-of-gravity-payments-a-credit-card-processor-is-sett...

Mr. Price, who started the Seattle-based credit-card payment processing firm in 2004 at the age of 19, said he would pay for the wage increases by cutting his own salary from nearly $1 million to $70,000 and using 75 to 80 percent of the company’s anticipated $2.2 million in profit this year.

CEO's never made this type of money (300% to 500% more than their employees) until the last 20 years.  Good for him

[CrazyDaisy]

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@biancardi wrote:

at least this CEO is trying to do better and realizes that his salary is way over the top compared to his employees.  from http://www.nytimes.com/2015/04/14/business/owner-of-gravity-payments-a-credit-card-processor-is-sett...

Mr. Price, who started the Seattle-based credit-card payment processing firm in 2004 at the age of 19, said he would pay for the wage increases by cutting his own salary from nearly $1 million to $70,000 and using 75 to 80 percent of the company’s anticipated $2.2 million in profit this year.

CEO's never made this type of money (300% to 500% more than their employees) until the last 20 years.  Good for him

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Perhaps you should look at the link Nomless posted to see how that is working out for him.

[biancardi]

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@CrazyDaisy wrote:

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@biancardi wrote:

at least this CEO is trying to do better and realizes that his salary is way over the top compared to his employees.  from http://www.nytimes.com/2015/04/14/business/owner-of-gravity-payments-a-credit-card-processor-is-sett...

Mr. Price, who started the Seattle-based credit-card payment processing firm in 2004 at the age of 19, said he would pay for the wage increases by cutting his own salary from nearly $1 million to $70,000 and using 75 to 80 percent of the company’s anticipated $2.2 million in profit this year.

CEO's never made this type of money (300% to 500% more than their employees) until the last 20 years.  Good for him

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Perhaps you should look at the link Nomless posted to see how that is working out for him.

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yes, I did. And as usual, that site didn't bother reporting the good from what is going on and yes, there will be people who think it is a "political" statement and those who worry too much if their fellow worker "deserves" that pay hike.

here is the FULL story. http://www.nytimes.com/2015/08/02/business/a-company-copes-with-backlash-against-the-raise-that-roar...

"For now, at least, Mr. Price has undoubtedly made an immediate difference in the lives of many of his employees. José Garcia, 30, who supervises an equipment team, was able to afford to move into the city and replace the worn tires on his car. Ms. Ortiz, who was briefly homeless as a child, can now visit her family in Burlington, Vt. Cody Boorman, 22, who handles operations out of his eastern Washington home, said he and his wife finally felt financially secure enough to start a family. There have been other ripples. Mario Zahariev, who runs Pop’s Pizza & Pasta, switched to Gravity after seeing Mr. Price on the news. When he learned his monthly processing fees would drop to $900 from $1,700, Mr. Zahariev decided, “I was not going to keep the difference for myself.” He used the savings to raise the salaries of his eight employees."