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Old 05-11-2021, 06:51 PM   #1
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Originally Posted by thinkxingu View Post
And in case you don't feel like reading the Yale study:

"We find that that the workers who experi-

enced larger increases in UI generosity did not experience larger declines in employment when

the benefits expansion went into effect. Additionally, we find that workers facing larger ex-

pansions in UI benefits have returned to their previous jobs over time at similar rates as others."

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Yale study….is this unbiased? The chickens are on the move now, and will soon be coming home to roost. Food, lumber and now fuel prices are headed to the moon. Anyone that wants to work is working, for the most part. The rest of them are sitting around making excuses as to why they don’t want to or “can’t” work, based on today’s climate.
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Old 05-12-2021, 06:42 AM   #2
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Yale study….is this unbiased? The chickens are on the move now, and will soon be coming home to roost. Food, lumber and now fuel prices are headed to the moon. Anyone that wants to work is working, for the most part. The rest of them are sitting around making excuses as to why they don’t want to or “can’t” work, based on today’s climate.
Just wanted to elaborate on Seaplanes comment about food prices.
Our suppliers are saying they've never seen anything like it.
They can not fill orders for chicken,cooking oils such as canola have tripled in price.Shucked clams and lobster meat are double last years prices.Some red meats have nearly doubled and any products related to corn will be scarce and expensive due to loss of crops in South America from drought.
At least fish has not gone through the roof yet.......guess it's just the times we're in.
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Old 05-12-2021, 06:56 AM   #3
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Just wanted to elaborate on Seaplanes comment about food prices.
Our suppliers are saying they've never seen anything like it.
They can not fill orders for chicken,cooking oils such as canola have tripled in price.Shucked clams and lobster meat are double last years prices.Some red meats have nearly doubled and any products related to corn will be scarce and expensive due to loss of crops in South America from drought.
At least fish has not gone through the roof yet.......guess it's just the times we're in.
I don’t know about anyone else, but I’m starting to feel like the frog in the “boil the frog” parable…. The water is getting warmer by the day!
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Old 05-12-2021, 07:56 AM   #4
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Local restaurants, just like everyone else, get high quality - low prices by making the drive to Market Basket in Plymouth and loading up the car/suv/pickup.

Like ...... quality food supply is quality food supply ..... so, why not and a good restaurant meal is all about the food preparation and presentation. No one really seems to care where the restaurant supply came from ...... whether it was delivered by www.Sysco.com or purchased at http://www.shopmarketbasket.com/stor...rket-basket-86.
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Old 05-12-2021, 09:07 AM   #5
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Local restaurants, just like everyone else, get high quality - low prices by making the drive to Market Basket in Plymouth and loading up the car/suv/pickup.

Like ...... quality food supply is quality food supply ..... so, why not and a good restaurant meal is all about the food preparation and presentation. No one really seems to care where the restaurant supply came from ...... whether it was delivered by www.Sysco.com or purchased at http://www.shopmarketbasket.com/stor...rket-basket-86.
While I know nothing about running a restaurant or even a sub shop, I can not imagine a restaurant owner going to Market Basket or Shaws or wherever.
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Old 05-12-2021, 10:42 AM   #6
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While I know nothing about running a restaurant or even a sub shop, I can not imagine a restaurant owner going to Market Basket or Shaws or wherever.
Just off the top of my head, it seems entirely possible and reasonably doable to operate a restaurant in the Plymouth area where each and every food/restaurant item is sourced entirely, 100%, from the Plymouth Market Basket.

Running the business model 100% based on this rule that it comes from this Market Basket, or we do not have it or get it from any other source. It's Market Basket and no where else seems very doable for a restaurant.

Like .......... why not .......... said the inquisitive poster?
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Old 05-12-2021, 11:16 AM   #7
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If they can't get enough help to man the restaurant how are they going to break away to go shopping at Market Basket?
You obviously have no clue what it takes to run a small business!
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Just off the top of my head, it seems entirely possible and reasonably doable to operate a restaurant in the Plymouth area where each and every food/restaurant item is sourced entirely, 100%, from the Plymouth Market Basket.

Running the business model 100% based on this rule that it comes from this Market Basket, or we do not have it or get it from any other source. It's Market Basket and no where else seems very doable for a restaurant.

Like .......... why not .......... said the inquisitive poster?
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Old 05-12-2021, 11:45 AM   #8
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Market Basket-Plymouth is open every single day, 7-days/week, from 7am to 8pm and open starting at 6am for seniors, age 60 and older.

For a restaurant business located, say, within a relative short drive away, it could be an advantage to have such a large food supply for running a restaurant always open seven days, and always available as opposed to getting deliveries from a restaurant supply like Sysco.

How do restaurant food items from a delivered food service like Sysco COST as compared to Market Basket and what is the difference between restaurant food service and buying at a super-market?

In the summer months, I have noticed what must have been summer camp dinning room customers at the Walmart with shopping carts very loaded with many items probably intended for feeding a lot of campers. Specifically, giant cans of tuna fish and mayonaisse.

Summer camp dining room food service is different than restaurant food service but the buyer made their decision to purchase at the Walmart so there's probably a number of reasons for where commercial dining gets its food supply. Is probably a very competitive business based on price, quality, choice, convenience.

Does Sysco hire extremely attractive restaurant sales ladies who are encouraged to dress provocatively as a design to help its restaurant sales to individual restaurants or do the Sysco truck drivers who deliver the items do the sales calls as well as driving and delivering the big semi tractor trailer truck?

What do you think? ......
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Old 05-12-2021, 12:21 PM   #9
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In the summer months, I have noticed what must have been summer camp dinning room customers at the Walmart with shopping carts very loaded with many items probably intended for feeding a lot of campers. Specifically, giant cans of tuna fish and mayonnaise.
Oh that was me, buying lunch for my sons.
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Old 05-12-2021, 12:52 PM   #10
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So many choices for where to buy for a restaurant business ..... a restaurant supplier that delivers ..... or a local super-market.

Could be the restaurants go to both depending on what they need and how fast they need to get it?

As far as I know, there's really not much difference in price between the two, with all three, Walmart, Hannaford, and Market Basket all lower priced than the restaurant suppliers ..... which seems surprising ..... but that's the way it supposedly is because these three stores all have to compete on prices to attract customers.
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Old 05-13-2021, 10:07 AM   #11
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Default McDonald's-owned U.S. restaurants boost pay to lure new workers

https://uk.sports.yahoo.com/news/mcd...-YRagtkbyuj9ym
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Old 05-13-2021, 10:28 AM   #12
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most big companies are doing this. They have more pricing ability and name brand recognition . Tougher for a small mom and pop. This is free market at work . I was on a board of a residential brain injury company with a facility in Gilroy Cal, we were paying aids around 13 per hour and we found that Wendy's was paying $14 for a much easier job so we raised wages. Of course the insurance companies didn't allow us to raise prices regionally
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Old 05-13-2021, 10:29 PM   #13
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McD's has some major problems operating in a rising labor cost market.

First, there's the menu and its price structure. There is a "value" section of the menu and there is all the rest of the menu. When prices are increased on the rest of the menu the return from that increase is reduced by trade off to the value items.

This makes it harder to keep the value items priced low. Eventually "value" has to be redefined. You may recall the McD's "Dollar" menu. Now it is "$1, $2 and $3" value menu.

The second and in my view bigger problem, is the quality of execution when each labor hour costs so much. To provide fast, accurate and friendly service there needs to be adequate staffing. Herein lies the dilemma. Hourly pay that is too low can result in understaffing. Raising wages to an attractive level can bring in more bodies but there is no guarantee that the additional employees improve results. The cost to train them becomes higher and there is a temptation to minimize the hours spent doing so.

If the pool of available workers does not increase you just end up with the same tight staffing and mediocre execution but at greater cost.

This situation is worsened by the current government sponsored couch careers.
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Old 05-14-2021, 04:22 AM   #14
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McD's has some major problems operating in a rising labor cost market.

First, there's the menu and its price structure. There is a "value" section of the menu and there is all the rest of the menu. When prices are increased on the rest of the menu the return from that increase is reduced by trade off to the value items.

This makes it harder to keep the value items priced low. Eventually "value" has to be redefined. You may recall the McD's "Dollar" menu. Now it is "$1, $2 and $3" value menu.

The second and in my view bigger problem, is the quality of execution when each labor hour costs so much. To provide fast, accurate and friendly service there needs to be adequate staffing. Herein lies the dilemma. Hourly pay that is too low can result in understaffing. Raising wages to an attractive level can bring in more bodies but there is no guarantee that the additional employees improve results. The cost to train them becomes higher and there is a temptation to minimize the hours spent doing so.

If the pool of available workers does not increase you just end up with the same tight staffing and mediocre execution but at greater cost.

This situation is worsened by the current government sponsored couch careers.
Full disclosure: I'm not an economics guy, but here goes:

Robert Reich, in his book The Common Good, delves into "Shareholder" capitalism and "Stockholder" capitalism. The former, he claims, exists when all three points of the capitalism triangle—consumer, worker, and owner—exist in a state that works equally for all. For example, workers get paid well, owners make a reasonable amount of money, and consumers are offered solid products at fair prices.

The latter, however, maximizes profit and pay for the owner/stockholders while adversely affecting product quality and price, worker pay, or both.

My basic question is this: why is it that worker pay and benefit questions always result in "costs of products will skyrocket" rather than "CEOs/stockholders/etc." might not make 320x what their employees make?

This is a serious question as, long before my father passed away, he watched this trend in his company and it always hurt him. In the 60's when he started, his bosses made five times what he made while in the '00s when he retired, they were making thirty times.

I looked this up not long ago, and though his numbers were probably off (low!), he wasn't wrong at all: https://www.epi.org/publication/ceo-...ypical-worker/

Thoughts? Why isn't this talked about more?

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Old 05-14-2021, 06:24 AM   #15
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Only one reason, GREED.
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Full disclosure: I'm not an economics guy, but here goes:

Robert Reich, in his book The Common Good, delves into "Shareholder" capitalism and "Stockholder" capitalism. The former, he claims, exists when all three points of the capitalism triangle—consumer, worker, and owner—exist in a state that works equally for all. For example, workers get paid well, owners make a reasonable amount of money, and consumers are offered solid products at fair prices.

The latter, however, maximizes profit and pay for the owner/stockholders while adversely affecting product quality and price, worker pay, or both.

My basic question is this: why is it that worker pay and benefit questions always result in "costs of products will skyrocket" rather than "CEOs/stockholders/etc." might not make 320x what their employees make?

This is a serious question as, long before my father passed away, he watched this trend in his company and it always hurt him. In the 60's when he started, his bosses made five times what he made while in the '00s when he retired, they were making thirty times.

I looked this up not long ago, and though his numbers were probably off (low!), he wasn't wrong at all: https://www.epi.org/publication/ceo-...ypical-worker/

Thoughts? Why isn't this talked about more?

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Old 05-15-2021, 09:55 AM   #16
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Only one reason, GREED.

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Greed is good. Greed is right. Greed works. . . .


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Old 05-15-2021, 10:14 AM   #17
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Default 0, 0, 1/2%

0, 0, 1/2%. I'm not clear when that was, but I do reacll a time in the 8's when things were bad all over and the local teachers union agreed to no pay raises. Things were tough all over and it was appreciated by the taxpayers. This is quite unlike the bad press the national unions are getting today. Two things in the background. The likelihood was that there would have been many layoffs had the payroll budget not been held steady. The other is that many public employee contracts include step increase just because you've been on the job another year.
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Old 05-15-2021, 10:39 AM   #18
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I expected nothing less from you.
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Greed is good. Greed is right. Greed works. . . .


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Old 05-19-2021, 08:25 AM   #19
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I expected nothing less from you.

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haha I’m glad to have met your expectations. Before I posted, I was thinking “I hope I can meet Biggd’s expectations with this. I’d be crushed if I were to fall short. After all, his approval is my goal.”

Memorial Day is almost here. Everyone enjoy the lake and have fun.


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Old 05-14-2021, 06:35 AM   #20
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Full disclosure: I'm not an economics guy, but here goes:

Robert Reich, in his book The Common Good, delves into "Shareholder" capitalism and "Stockholder" capitalism. The former, he claims, exists when all three points of the capitalism triangle—consumer, worker, and owner—exist in a state that works equally for all. For example, workers get paid well, owners make a reasonable amount of money, and consumers are offered solid products at fair prices.

The latter, however, maximizes profit and pay for the owner/stockholders while adversely affecting product quality and price, worker pay, or both.

My basic question is this: why is it that worker pay and benefit questions always result in "costs of products will skyrocket" rather than "CEOs/stockholders/etc." might not make 320x what their employees make?

This is a serious question as, long before my father passed away, he watched this trend in his company and it always hurt him. In the 60's when he started, his bosses made five times what he made while in the '00s when he retired, they were making thirty times.

I looked this up not long ago, and though his numbers were probably off (low!), he wasn't wrong at all: https://www.epi.org/publication/ceo-...ypical-worker/

Thoughts? Why isn't this talked about more?

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I'm not an economics guy either but :

"why is it that worker pay and benefit questions always result in "costs of products will skyrocket"" is NOT true if the individual workers EARN their pay and benefit increases through higher productivity via education/learning and good work practices. Such a worker returns more in profit to a company than their wage increases cost. Good companies HAPPILY pay such employees what they are worth.

On the other hand, unions often bargain for wages that exceed what productivity will justify. Or, set in place rising compensation based on longevity rather than productivity. These increases DO increase production costs but are tolerated by companies due to union pressure and the limited and predictable nature of the increases. However, that's a trap. Any non productivity based increases eventually corrode a business, i.e. the American auto industry. Auto unions controlled wages in the US but couldn't control competing wages in foreign countries. Nor could they control the growth of robotics that eliminated overly expensive workers.

""CEOs/stockholders/etc." might not make 320x what their employees make?"
It is the classic "the buck stops here" which implies that the RESPONSIBILITY (and the pay) accrues to the top. The CEO (and the Board) make the major decisions that guide the growth of a company. It the company is smart, a significant portion of the CEO's compensation is tied to profitability. The CEO is not only making sure that products get built but also predicting future needs for products and actions of competitors. Further, no one else is above the CEO making sure he doesn't mess things up. As an employee or even a manager makes decisions and take actions, others are overseeing their work. No one oversees the CEO. They walk a tightrope without a net. Employee mistakes might cost $100s. A CEO's mistakes could cost $billions. The top level people EARN their money by growing profit.

Further, it is not how many times the salary is of a CEO compared to one worker that has meaning. It is how many times the salary of a CEO is compared to the cumulative salary of ALL the workers in a company BECAUSE the CEO is in charge of ALL of them and ALL of their efforts. For example, Microsoft's CEO makes $44 million vs $4 billion in overall employee payments, about 1.1%, i.e. for each employee dollar paid the CEO gets 1 cent. OR how much the CEO makes as compared to the revenue of the company. For example, the Microsoft CEO's $44 million against a company revenue of about $160 billion or about .1% of revenue. Another way to think about it is when you buy a $2000 computer, the CEO makes $2. Of course this is a simplified example because CEO's also get performance bonuses and other perks. (Numbers were pulled from various public Microsoft reports and are not meant to be precise but as an example only.)

Without a competent CEO, products wouldn't get made at all, no workers would earn anything, and you wouldn't have your computer to purchase.

I won't say that all companies are well managed or that many CEOs aren't overpaid but such companies usually struggle or fail eventually. Smart management KNOWS how it is supposed to work and keeps compensation for EVERYONE in line with their productivity. The process is VERY dynamic and challenging as markets, competition, and the overall economy is always changing.
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Old 05-14-2021, 07:18 AM   #21
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I'm not an economics guy either but :

"why is it that worker pay and benefit questions always result in "costs of products will skyrocket"" is NOT true if the individual workers EARN their pay and benefit increases through higher productivity via education/learning and good work practices. Such a worker returns more in profit to a company than their wage increases cost. Good companies HAPPILY pay such employees what they are worth.

On the other hand, unions often bargain for wages that exceed what productivity will justify. Or, set in place rising compensation based on longevity rather than productivity. These increases DO increase production costs but are tolerated by companies due to union pressure and the limited and predictable nature of the increases. However, that's a trap. Any non productivity based increases eventually corrode a business, i.e. the American auto industry. Auto unions controlled wages in the US but couldn't control competing wages in foreign countries. Nor could they control the growth of robotics that eliminated overly expensive workers.

""CEOs/stockholders/etc." might not make 320x what their employees make?"
It is the classic "the buck stops here" which implies that the RESPONSIBILITY (and the pay) accrues to the top. The CEO (and the Board) make the major decisions that guide the growth of a company. It the company is smart, a significant portion of the CEO's compensation is tied to profitability. The CEO is not only making sure that products get built but also predicting future needs for products and actions of competitors. Further, no one else is above the CEO making sure he doesn't mess things up. As an employee or even a manager makes decisions and take actions, others are overseeing their work. No one oversees the CEO. They walk a tightrope without a net. Employee mistakes might cost $100s. A CEO's mistakes could cost $billions. The top level people EARN their money by growing profit.

Further, it is not how many times the salary is of a CEO compared to one worker that has meaning. It is how many times the salary of a CEO is compared to the cumulative salary of ALL the workers in a company BECAUSE the CEO is in charge of ALL of them and ALL of their efforts. For example, Microsoft's CEO makes $44 million vs $4 billion in overall employee payments, about 1.1%, i.e. for each employee dollar paid the CEO gets 1 cent. OR how much the CEO makes as compared to the revenue of the company. For example, the Microsoft CEO's $44 million against a company revenue of about $160 billion or about .1% of revenue. Another way to think about it is when you buy a $2000 computer, the CEO makes $2. Of course this is a simplified example because CEO's also get performance bonuses and other perks. (Numbers were pulled from various public Microsoft reports and are not meant to be precise but as an example only.)

Without a competent CEO, products wouldn't get made at all, no workers would earn anything, and you wouldn't have your computer to purchase.

I won't say that all companies are well managed or that many CEOs aren't overpaid but such companies usually struggle or fail eventually. Smart management KNOWS how it is supposed to work and keeps compensation for EVERYONE in line with their productivity. The process is VERY dynamic and challenging as markets, competition, and the overall economy is always changing.
You just spent a few pages on justifying what I'm suggesting is a problem—essentially criticizing the low people on the totem and praising the high.

Unions exist BECAUSE owners weren't/aren't doing the right thing. My father lost a finger to a machine that he had told management to add safety gear to years earlier. Once OSHA moved in, guess which machine got a safety apparatus?

In the first decade I was a teacher, the highest raise was 1%. One contract had 0, 0, 1/2% raises, and those were WITH a union. Can you imagine what the district would've asked us to do/take without one?

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Old 05-14-2021, 07:44 AM   #22
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Some people are willing to risk everything and start a business. Some people are willing to work from dawn to dusk while others don't work one minute extra. Some people stay awake at night making sure they have enough business to keep their employees who depend on them while others just show up for work (if they do) You think they should all get the same money? Robert Reich is full of crap.
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Old 05-14-2021, 08:22 AM   #23
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Originally Posted by tis View Post
Some people are willing to risk everything and start a business. Some people are willing to work from dawn to dusk while others don't work one minute extra. Some people stay awake at night making sure they have enough business to keep their employees who depend on them while others just show up for work (if they do) You think they should all get the same money? Robert Reich is full of crap.
Nobody's saying all people should make the same—that's you further justifying the system and skewing the discussion.

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Old 05-15-2021, 05:36 AM   #24
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You just spent a few pages on justifying what I'm suggesting is a problem—essentially criticizing the low people on the totem and praising the high.

Unions exist BECAUSE owners weren't/aren't doing the right thing. My father lost a finger to a machine that he had told management to add safety gear to years earlier. Once OSHA moved in, guess which machine got a safety apparatus?

In the first decade I was a teacher, the highest raise was 1%. One contract had 0, 0, 1/2% raises, and those were WITH a union. Can you imagine what the district would've asked us to do/take without one?

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Unions HAD a great purpose when they started. Conditions were bad and wages abusive. For the most part, that is no longer true. Most issues unions were created to address have been enshrined in law and federal and state watchdogs such as OSHA. Beyond that, most businessmen are MUCH more enlightened about employees and the relationship between good working conditions and productivity. To build the best, most profitable company, you need skilled and happy employees with an excellent work ethic.

You mention a contract with 0, 0, 1/2% raises and bemoan the small size of the increases. I would ask what individual employees did to EARN such increases? Show up? Keep breathing? What standards were in place to evaluate their efforts to justify their pay increases? Nothing! Because the best to the worst teacher got the same raises, per the contract. Sure, they might have had a yearly "evaluation" but it was mostly meaningless because nothing was tied to the outcome. Such raises are inflationary by their nature.

When the companies I worked for did evaluations they were measured against a uniform scale of expectations based on their current position. For example, new, recent grad employees were not expected to show much leadership skills. Their entry jobs did not give them much chance to do so. All employees ended up in various positions on a "ladder", the best at the top. Junior employees could be high on the ladder if they exceeded expectations for their job. All employees had full access to the evaluation form and it was made clear in the evaluation what areas might be substandard and what areas were room for growth. Growth opportunities were presented during the next year.

If slow times hit, the worst performing employees, the lowest on the ladder, were laid off, not the least senior as in many contract jobs. The most productive people were retained.

In summary, efforts were rewarded. Benefits were generous. There was no union to push the issue. In current times, skilled and focused workers are paid more and generally treated well. Skilled employees could easily change companies and the management knew it and respected it. I have no problem with unions protecting those in unfair situations but their focus on raises for all, no matter what, is not healthy. They should be focused on helping their workers build the best skills for their job and then making sure the employer has fair and uniform evaluations, a competitive wage scale for their industry, and fair working conditions.

I am NOT criticizing the "low people" on the totem pole. I am pointing out that THEY have the responsibility to improve their condition and raise their pay by working hard, learning new skills, showing initiative, and having a good work ethic. The company has the responsibility to recognize and reward such efforts that make the company stronger and more profitable. If the company does not, well, the skills the employee has mastered are portable to a new job. Unions COULD enhance the process but, IMO, as they currently act, they mostly do not.
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Old 05-15-2021, 06:53 AM   #25
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Originally Posted by jeffk View Post
Unions HAD a great purpose when they started. Conditions were bad and wages abusive. For the most part, that is no longer true. Most issues unions were created to address have been enshrined in law and federal and state watchdogs such as OSHA. Beyond that, most businessmen are MUCH more enlightened about employees and the relationship between good working conditions and productivity. To build the best, most profitable company, you need skilled and happy employees with an excellent work ethic.

You mention a contract with 0, 0, 1/2% raises and bemoan the small size of the increases. I would ask what individual employees did to EARN such increases? Show up? Keep breathing? What standards were in place to evaluate their efforts to justify their pay increases? Nothing! Because the best to the worst teacher got the same raises, per the contract. Sure, they might have had a yearly "evaluation" but it was mostly meaningless because nothing was tied to the outcome. Such raises are inflationary by their nature.

When the companies I worked for did evaluations they were measured against a uniform scale of expectations based on their current position. For example, new, recent grad employees were not expected to show much leadership skills. Their entry jobs did not give them much chance to do so. All employees ended up in various positions on a "ladder", the best at the top. Junior employees could be high on the ladder if they exceeded expectations for their job. All employees had full access to the evaluation form and it was made clear in the evaluation what areas might be substandard and what areas were room for growth. Growth opportunities were presented during the next year.

If slow times hit, the worst performing employees, the lowest on the ladder, were laid off, not the least senior as in many contract jobs. The most productive people were retained.

In summary, efforts were rewarded. Benefits were generous. There was no union to push the issue. In current times, skilled and focused workers are paid more and generally treated well. Skilled employees could easily change companies and the management knew it and respected it. I have no problem with unions protecting those in unfair situations but their focus on raises for all, no matter what, is not healthy. They should be focused on helping their workers build the best skills for their job and then making sure the employer has fair and uniform evaluations, a competitive wage scale for their industry, and fair working conditions.

I am NOT criticizing the "low people" on the totem pole. I am pointing out that THEY have the responsibility to improve their condition and raise their pay by working hard, learning new skills, showing initiative, and having a good work ethic. The company has the responsibility to recognize and reward such efforts that make the company stronger and more profitable. If the company does not, well, the skills the employee has mastered are portable to a new job. Unions COULD enhance the process but, IMO, as they currently act, they mostly do not.
Well, laddering isn’t the be all, end all either. I worked at a place where the laddering was done, not by merit, but by favoritism. I watched my place on the ladder (which was not told to employees unless they went to HR) change based on which projects or group leaders were favored. For several years, I was laddered against my group leader’s sister-in-law. Had absolutely nothing to do with my job performance.


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Old 05-14-2021, 07:48 AM   #26
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I don't think anyone is saying they should all make the same amount of money but we keep asking on here "why are we paying people more money not to work than to go to work"?
Maybe the answer is to pay people that want to work more money.
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Old 05-29-2021, 11:22 AM   #27
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I don't think anyone is saying they should all make the same amount of money but we keep asking on here "why are we paying people more money not to work than to go to work"?
Maybe the answer is to pay people that want to work more money.
Maybe the answer is to not pay people who dont want to work ANYTHING! Starvation and having their smartphone shut off for non payment might be just the motivation to get their lazy asses off the couch!
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Old 05-12-2021, 07:42 AM   #28
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Yale study….is this unbiased? The chickens are on the move now, and will soon be coming home to roost. Food, lumber and now fuel prices are headed to the moon. Anyone that wants to work is working, for the most part. The rest of them are sitting around making excuses as to why they don’t want to or “can’t” work, based on today’s climate.
How did we get into this mess?
Who made the stupid decisions to get us into this inflation.

Maybe someone can provide answers.
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Old 05-12-2021, 08:47 AM   #29
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How did we get into this mess?
Who made the stupid decisions to get us into this inflation.

Maybe someone can provide answers.
That is an excellent question.
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Old 05-12-2021, 10:10 AM   #30
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always find it interesting but not surprising that many economist will find a study that will support their ideology ( Paul Krugman is an example) . There are a record number of job opening over 8m right now. As SAMIAM said kitchen help can make 15 per hour working or 15 per hour not . Most people will make the logical decision . Business will have to make the rational decision which the VK did that is close for dinner. They know their customers and raising prices by a lot will drive customers away. By the way I am a graduate economist( certainly not bragging ) and very few economist have ever had to manage a payroll.
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Old 05-12-2021, 10:41 AM   #31
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Seeing all the help wanted signs everywhere I go, I read through this thread with interest. Something that no-one addresses is the fact that there are fewer teenagers and young adults today than there were in yesteryear. I worked until recently at a large university in Boston, and they started planning for the drop in college aged people back in the late 90's. Schools that depend on a large applicant pool noticed that the birthrate had begun to fall, and that they would need to strategize to remain competitive in the future. We just got confirmation of this fact in the 2020 census.

I don't know what this means for business owners who depend on the teenage/young adult labor force, but it's a definite factor.

For the people who like to speak of grazing at the public trough, etc., it seems that a large part of the labor shortage (though not entirely) is for seasonal workers. Those people are not getting unemployment.
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Old 05-12-2021, 11:02 AM   #32
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always find it interesting but not surprising that many economist will find a study that will support their ideology ( Paul Krugman is an example) . There are a record number of job opening over 8m right now. As SAMIAM said kitchen help can make 15 per hour working or 15 per hour not . Most people will make the logical decision . Business will have to make the rational decision which the VK did that is close for dinner. They know their customers and raising prices by a lot will drive customers away. By the way I am a graduate economist( certainly not bragging ) and very few economist have ever had to manage a payroll.
One thing that economists on both sides of the aisle have pushed for over the past 5 years has been higher bargaining power for working class Americans. Trump's immigration policies, Biden's covid relief, and stated objectives of both, have all included policies that put direct upward pressure on domestic wages. Setting aside whether this is a good thing or a bad thing in general, no economist should be surprised that Sam is having a tough time hiring this year (or next...)
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Old 05-12-2021, 11:05 AM   #33
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It's the old supply and demand issue.. It was bound to happen. You close businesses up for over a year then the economy bounces back and there just isn't enough built up surplus to keep up with demand. It will take a while for businesses to catch up but it will.
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How did we get into this mess?
Who made the stupid decisions to get us into this inflation.

Maybe someone can provide answers.
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