Quote:
Originally Posted by Happy Gourmand
In most cases, an employer pays you the least amount that he thinks he can get away with. I'm not talking about local small businesses but big companies who's executives get millions in bonuses while they lay off hundreds or thousands of workers Nobody is worth the tens of millions that many of these executives get paid. Most of us could live comfortably for a year on what some of them make in a single day.
Executive compensation has reached insane levels since 1980 when the Reagan administration started busting the unions. The time is long overdue for the working class to start getting some breaks. If companies really paid their workers what they are worth to them, the middle class worker's wages would increase to a point where they would have more discretionary income to spend having the effect of turbo charging the economy to the benefit of all.
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Unions have long overstayed their welcome. Anyone who has worked in the education system knows this. It's not about the kids, it's about how little the teachers can do for the most money. Same with public works projects where the mantra is don't kill the job under any circumstances. Unions had their place in history, but in today's age are an obstacle to progress.
I am sick and tired about people complaining about executive compensation. Do you know why corporate executives get paid a lot of money? Because the market demands it! Boards of Directors, who are beholden to their shareholders, want to be in a position in which the can tell their shareholders that they hired the best, most qualified person to lead their company. This process requires that the person selected gets paid, and gets paid well. This process requires that the company, in order to exclusively lock up the executive, agrees to pay the executive a lot of money should the company let the executive go prior to the end of his or her contract, since the executive is foregoing other opportunities.
Instead of admiring and striving to achieve that level of success, we are teaching our children that success is unattainable, and that there's no reason to try. Jealousy is at the heart of this. Just remember, knocking someone down doesn't necessarily raise you up.
At least you know that small businesses don't pay the least amount they can to their employees. As a part owner of small business, our philosophy is to be as generous as we can to our employees while maintaining a framework of fairness and consistent treatment to our employees.