Started By
Message
re: Nice opinion piece on income inequality from CNN
Posted on 4/10/14 at 6:35 pm to the808bass
Posted on 4/10/14 at 6:35 pm to the808bass
the frick? I thought all yew yankees were against that kinda shite
0
Posted on 4/10/14 at 6:35 pm to UMTigerRebel
quote:
And that's great, but why shouldn't the workers get some of the benefits of the success they helped create?
If you're a really great worker who can actually positively impact the revenue of the company in a tangible way, you'll get rewarded at some point. At the present company or the next one.
Just because the company posted record profits, doesn't necessarily mean Suzy in accounting needs a $15k bonus.
Posted on 4/10/14 at 6:37 pm to the808bass
quote:
ust because the company posted record profits, doesn't necessarily mean Suzy in accounting needs a $15k
just because the company posted record profits, doesn't necessarily mean CEO Jerkoff needs MILLIONS in bonuses
Posted on 4/10/14 at 6:55 pm to the808bass
quote:
Just because the company posted record profits, doesn't necessarily mean Suzy in accounting needs a $15k bonus.
No, but it also doesn't mean her wages should be frozen either.
See, this is what I'm talking about. We justify the pay for the CEO, but workers should just be happy they have a job.
It's almost like we're lumping the working class in with the poors in that they're lazy and are trying to take money that doesn't belong to them.
Posted on 4/10/14 at 6:59 pm to UMTigerRebel
Not all workers deserve credit for getting the company those record profits. Some are just warm bodies. Some work their butts off. Unfortunately, society has made it hard to reward the good workers, without having to give something to the barely ok workers.
Posted on 4/10/14 at 7:06 pm to Alahunter
quote:True
Not all workers deserve credit for getting the company those record profits. Some are just warm bodies. Some work their butts off. Unfortunately, society has made it hard to reward the good workers, without having to give something to the barely ok workers.
and
Not all managers/ceos deserve credit for getting the company those record profits. Some are just warm bodies. Some work their butts off. Unfortunately, society has made it hard to reward the good managers/ceos , without having to give something to the managers/ceos ok workers.
Posted on 4/10/14 at 7:12 pm to MIZ_COU
quote:
society has made it hard to reward the good managers/ceos , without having to give something to the managers/ceos ok workers.
I disagree with that statement, but agree with the others. If a company isn't performing, I've seen managers get the boot very quickly. I've seen companies like Lowe's, purge over 1500 managers and assistant managers at once.
Posted on 4/10/14 at 7:14 pm to Alahunter
And sadly, if not for some practices by employers, unions would never have been needed.
BTW, I'm torn on unions. My dad worked for the railroad and my mother a teacher, so both union workers. However, one was not like the other.
BTW, I'm torn on unions. My dad worked for the railroad and my mother a teacher, so both union workers. However, one was not like the other.
Posted on 4/10/14 at 7:14 pm to Alahunter
You said your first 3 customers were all family members. So without your family, your business would have never gotten off the ground. You're kidding yourself if you think everyone in America has the luxury of a supportive family.
Posted on 4/10/14 at 7:17 pm to UMTigerRebel
quote:When they started you worked long hours for low pay, no benefits, unsafe conditions, and if you got hurt they fired you.
BTW, I'm torn on unions.
Then they got out of control.
Seems to be no way to keep a balance of power
Posted on 4/10/14 at 7:22 pm to MIZ_COU
Pretty much why I'm torn.
ETA: Also because of my FIL. He works in a paper mill, and the Union bargained for it to take three call ins in a year before you could be fired instead of one. This mattered because when he was diagnosed with acute necrotizing pancreatitis and had to have someone call in for him, it was counted as a strike against him.
ETA: Also because of my FIL. He works in a paper mill, and the Union bargained for it to take three call ins in a year before you could be fired instead of one. This mattered because when he was diagnosed with acute necrotizing pancreatitis and had to have someone call in for him, it was counted as a strike against him.
This post was edited on 4/10/14 at 7:31 pm
Posted on 4/10/14 at 7:56 pm to UMTigerRebel
Some of you guys need to understand some things about some highly compensated individuals..
The article is spot on in what it says. Some people are inferring and taking it well beyond it's scope, but is spot on in the points it makes.
A lot a very highly compensated individuals are not worth a fraction of what they are paid. Big firms have created a culture and hierarchy which often allows the people towards the top to line their pockets though they themselves do not provide a fraction of the value they are paid.
Wall street is the best example where pockets are lined yet no value is created. A second great example is where ceo's of large companies have drastically overinflated their worth in many cases.
Large public accounting firms are my favorite example because I am familiar with them. Average partner compensation is north of $600k a year with tons of perks. MANY of those partners are not worth $100k. Some are as they bring in a lot of business. The VAST majority are not. Many managers have more technical knowledge than them as well, handle clients daily and make $95k but actually add vastly more value. So, you might say the partner earned it at some point. Sometimes. But more often they just played politics better and were able to backstab without getting dirty but never added much other value.
I've seen it over and over. I can name someone right now making$500k who is totally inept and has been worthless their entire career but played their cards right with the right people.
The ideals of hard work, loyalty, and putting in the hours to get rich is more myth than reality. The reality is those things will get you to the upper middle class eventually but rarely more. You want to get further, it is about politics and who you know or get in bed with more than anything. Even then your never going to get "rich" 99% of the time.
Those are realities. I think the article does a nice job of pointing that out.
The article is spot on in what it says. Some people are inferring and taking it well beyond it's scope, but is spot on in the points it makes.
A lot a very highly compensated individuals are not worth a fraction of what they are paid. Big firms have created a culture and hierarchy which often allows the people towards the top to line their pockets though they themselves do not provide a fraction of the value they are paid.
Wall street is the best example where pockets are lined yet no value is created. A second great example is where ceo's of large companies have drastically overinflated their worth in many cases.
Large public accounting firms are my favorite example because I am familiar with them. Average partner compensation is north of $600k a year with tons of perks. MANY of those partners are not worth $100k. Some are as they bring in a lot of business. The VAST majority are not. Many managers have more technical knowledge than them as well, handle clients daily and make $95k but actually add vastly more value. So, you might say the partner earned it at some point. Sometimes. But more often they just played politics better and were able to backstab without getting dirty but never added much other value.
I've seen it over and over. I can name someone right now making$500k who is totally inept and has been worthless their entire career but played their cards right with the right people.
The ideals of hard work, loyalty, and putting in the hours to get rich is more myth than reality. The reality is those things will get you to the upper middle class eventually but rarely more. You want to get further, it is about politics and who you know or get in bed with more than anything. Even then your never going to get "rich" 99% of the time.
Those are realities. I think the article does a nice job of pointing that out.
Posted on 4/10/14 at 8:02 pm to Stonehog
quote:
your business would have never gotten off the ground
It would have, because I was determined. You're kidding yourself, if a grand total of 180 bucks would have been my demise.
Posted on 4/10/14 at 8:12 pm to Tiger n Miami AU83
quote:
Those are realities. I think the article does a nice job of pointing that out.
Well yes, I suppose it does point out something that has been known for centuries.
"It's not what you know, it's who you know"
So this author adds little to no value just like those CEOs and executives he despises.
Posted on 4/10/14 at 8:15 pm to PrivatePublic
quote:Well he needs a few millions in raises then.
So this author adds little to no value just like those CEOs and executives he despises.
Posted on 4/10/14 at 8:16 pm to PrivatePublic
I don't see anything wrong with pointing out the realities of our society. Especially when it is more true now than ever.
Posted on 4/10/14 at 8:30 pm to Alahunter
quote:
It would have, because I was determined. You're kidding yourself, if a grand total of 180 bucks would have been my demise.
Do you have the ability to put yourself in a other person's shoes, or do you always use your own personal experience to judge people?
Posted on 4/10/14 at 8:37 pm to Manzielathon
quote:
just because the company posted record profits, doesn't necessarily mean CEO Jerkoff needs MILLIONS in bonuses
That's what the board of directors who are appointed by the stockholders (owners) approve. When you own your own company or stock in a company you can make those decisions. Until then, if your value to the company is more than they are paying you, then you are at the wrong company and someone else would surely pay you more.
Posted on 4/10/14 at 8:41 pm to roadhouse
quote:That system is solid.
That's what the board of directors who are appointed by the stockholders (owners) approve.
Rock
Solid
Posted on 4/10/14 at 8:41 pm to MIZ_COU
What's wrong with it? Should the general public get to tell you how much to pay your employees?
Page 13 of 18
Back to top
Follow SECRant for SEC Football News