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CEO raises minimum wage to $70000, takes $70000 wage himself until profits are met.

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The definition of America is dynamic-- it can change, has changed, and it will change.



so to you, it's better to have this system in place that allows for rampant, unethical financial behaviour purely in the sake of maintaining technological advance over our competitors? Do these technological advances matter if our citizens are unhappy?


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One small point, technological advance is good for humanity as a whole. The U.S. advancing faster than our "competitors" is good for the U.S., no doubt, but eventually every advance benefits all of humanity.

Moving the technological ball forward is our collective best way out of our current situation and on to a bigger, better, brighter future for humanity.
 
I think PKM has a great point about companies being smarter. I will never forget when gm was losing money hand over fist at the end of the last decade, and getting government bailouts. there was some questioning of the BoD on why the ceo just received over $15 million in salaries and bonuses, and the response was "if we don't pay that, he will leave! Then where would we be?" How stupid do you have to be to allow a ceo to ruin a company, then give him even more money to continue to do a ****ty job?

I think there should be some standardization of a minimum pay and maximum ratio of pay in companies that rely on government contracts or government assistance. In private companies that deal with private commerce, the only wage restrictions I believe in are minimums.
 
I think PKM has a great point about companies being smarter. I will never forget when gm was losing money hand over fist at the end of the last decade, and getting government bailouts. there was some questioning of the BoD on why the ceo just received over $15 million in salaries and bonuses, and the response was "if we don't pay that, he will leave! Then where would we be?" How stupid do you have to be to allow a ceo to ruin a company, then give him even more money to continue to do a ****ty job?

I think there should be some standardization of a minimum pay and maximum ratio of pay in companies that rely on government contracts or government assistance. In private companies that deal with private commerce, the only wage restrictions I believe in are minimums.

This seems closer to a better solution than anything else. If you want to suck off the governments teat, then you can be micromanaged by them. Only question would be what would the government consider assistance? If you go off of the 'you didn't build that' speach, then the government is assisting in everything. Or what if you lease land from the state? Does that count too?

Well thought out post b_line.
 
One small point, technological advance is good for humanity as a whole. The U.S. advancing faster than our "competitors" is good for the U.S., no doubt, but eventually every advance benefits all of humanity.

Moving the technological ball forward is our collective best way out of our current situation and on to a bigger, better, brighter future for humanity.

I think technology can perpetuate socioeconomic stratification identically to the strata perpetuated currently. I really do. I'm pessimistic about technology solving everything.


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Okay, for a more serious question. Will the socialites ever realize the value of motivation? There are plenty of studies regarding overcompensation and the negative impacts it has on quality of life for the receiving end.

Those who quote happiness abroad never a) compensate for the US pulling their asses up out of perpetual economic anemia and b) use non-biased studies to measure "happiness". Instead it's all filtered through their version of happy misery, which is something I (we) don't want.
 
Okay, for a more serious question. Will the socialites ever realize the value of motivation? There are plenty of studies regarding overcompensation and the negative impacts it has on quality of life for the receiving end.

Many of which are just as (if not more) biased than the studies surrounding happiness-- feel free to post some to prove me wrong, and post popular studies that show the inaccuracies of happiness studies to prove your point tho.

Those who quote happiness abroad never a) compensate for the US pulling their asses up out of perpetual economic anemia and b) use non-biased studies to measure "happiness". Instead it's all filtered through their version of happy misery, which is something I (we) don't want.

A narrow-minded approach to the ranks of happiness across the world, IMO. Canada probably benefits off of US supremacy moreso than any other nation-- why are we not top of the list?



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Many of which are just as (if not more) biased than the studies surrounding happiness-- feel free to post some to prove me wrong, and post popular studies that show the inaccuracies of happiness studies to prove your point tho.


I'm not interested in slogging through business course studies to win an internet argument. I come here for casual yet enlightening conversations, and to kill boredom.


My wife's company specializes in compensation. There's a reason all the Fortune 500 companies hire them, and why they just sold for hundreds of millions of US dollars. They compensate very well, keep employees motivated, but are careful to not overcompensate. You don't need studies to understand the downsides to overcompensation on both quality of life and productivity ramifications. Everyone was taught what happens when you spoil a child. It's no different for adults.



A narrow-minded approach to the ranks of happiness across the world, IMO. Canada probably benefits off of US supremacy moreso than any other nation-- why are we not top of the list?



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Calling people narrow minded and cherry picking while insinuating correlation is causation is a sign of being narrow minded and brainwashed, FYI.

It's a pretty simple concept, Dal. The US economic engine drags the world out of poverty. It's not debatable that global growth by and large has relied on US consumption & development for the last 60-70 years. Then comes along the academic community using equality, happiness, etc., all pretty much un-American concepts, against Americans like it's some fault of our dirty system while refusing to acknowledge that standards of living would be **** without the American engine. All those happy-go-lucky countries (who may or may not be truly happy since it's an abstract concept that cannot really be measured) would be mired in muck without a more competitive nation to gracefully keep them afloat.

I suppose I am narrow minded for taking a broader approach instead of pitfalling into academic black holes that don't care to see the forest for the trees. Happiness can be achieved by equalizing incomes. Consequences be damned.
 
What I was trying to say in my previous post..
Salary can be very deceiving. There is profit-sharing, stock options, parachutes, etc.. That are typically all worth far more than even the more inflated salary.
I have no salary at all. Shall we take up an offering for me?

I've certainly got something to offer you...

*wink*
 
I think technology can perpetuate socioeconomic stratification identically to the strata perpetuated currently. I really do. I'm pessimistic about technology solving everything.


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I don't expect anything to solve everything.

I don't believe in Utopia.

Life is never going to not suck. Life is pain. Life is death. Life is insecure.

I guess with my ideology I have just accepted that and want humans to organize in a way I consider the most fair...not the most equal, but where no one is allowed to harm anyone else unprovoked. Probably pretty vague, but the best I can do right now.
 
I don't expect anything to solve everything.

I don't believe in Utopia.

Life is never going to not suck. Life is pain. Life is death. Life is insecure.

I guess with my ideology I have just accepted that and want humans to organize in a way I consider the most fair...not the most equal, but where no one is allowed to harm anyone else unprovoked. Probably pretty vague, but the best I can do right now.

I like this .
 
His 70k salary was a gimmick. Yay for him for taking that salary.

I don't have any idea what the average salary was before, but it ain't hard to live off 70K. So if it was a big increase then that's awesome and it definitely makes a real world difference for the people making the higher salary.

It should be the salary he gives his employees that we care the most about. If he pays his employees well I don;t care how much he makes. Let him be a billionaire. It doesn't hurt anyone.

It seems you didn't read the story, or watch the video on it.

The CEO's previous salary was > 1,000,000. Dropping his salary by $930,000 is, in part, how he's paying for those raises. Yes, he stands to make a lot if productivity and sales increase. Duh.

The employees were previously around $40-45k. Let's assume $40, meaning the raises are around $30k. His $930k then covers about 31 of those raises.

Some people aren't getting as much, obviously, because they were closer to $70k. So, say, someone who was at $60k gets bumped to 80.

I believe one of the reports I read said that they have around 100 employees.So it's probably not all being covered by slashing his salary, but it sure goes a long way towards it. Plus, free advertising (all the news reports about it.)
 
Peeks keeps liking posts, and avoiding a response. Cmon bruh.
 
I'm not interested in slogging through business course studies to win an internet argument. I come here for casual yet enlightening conversations, and to kill boredom.


Look bruh, this is the back-pedal of back-pedals. You can't come in here making such a strong-statement about the veracity of a study that is so widely-cited across the world, and then put forth ZERO justification behind it other than "i got no time to do this but just trust me. Extremely uncompelling. If you don't have the time for it, fine. I'm just telling you how it makes your point come across.


My wife's company specializes in compensation. There's a reason all the Fortune 500 companies hire them, and why they just sold for hundreds of millions of US dollars. They compensate very well, keep employees motivated, but are careful to not overcompensate. You don't need studies to understand the downsides to overcompensation on both quality of life and productivity ramifications. Everyone was taught what happens when you spoil a child. It's no different for adults.

Extremely monolithic. The very definition of proper compensation is not 0.001% as discrete as you're attesting it to be. Any idiot understands that heavily overcompensating an employee breeds laziness, and poorer quality-- however there are developed nations all across this world that have companies that compensate their employees much more than your typical American company and/or government, make higher quality goods, maintain higher productivity, and keep employees motivated . Your points are merely dogmatic and idealistic-- theres tons of proof literally everywhere that American employees have no-where close the proper amount of compensation, relative to, say, their European counterparts.





Calling people narrow minded and cherry picking while insinuating correlation is causation is a sign of being narrow minded and brainwashed, FYI.

I would love to see a correlation by yourself that tethers the propensity of "the US pulling their asses up out of perpetual economic anemia" with the happiness rating of a given country. Sure, correlation does not imply causation-- but if it were as monolithic as you appraise it to be, the correlation would have an r-squared value of 1. Right now, you've provided zero justification behind this statement, so the r-squared could be zero for all I know. When has the US pulled Denmark out of perpetual economic anemia? Germany? Iceland? Pretty sure the US DROPPED Germany into perpetual economic anemia moreso than the flip-side. America has pulled Japan out of economic anemia?

It's a pretty simple concept, Dal. The US economic engine drags the world out of poverty.

It's a capitalist-industrialist engine, pioneered by the UK and the US, that drags the countries of the world out of poverty (albeit in a disparate fashion). Not just the US. Every country that adopts it, along with adopting proper intergovernmental trade/economic relations, will reap the GDP awards that come with it-- with the actual impact of these increased economic rewards differing from government to government. Cuba has fared much better than hundreds of other nations despite dealing with being arrested by this "US economic engine".


It's not debatable that global growth by and large has relied on US consumption & development for the last 60-70 years.

I would love to see this 'non-debatable proof'. An extremely strong statement with zero justification (par for the course). I'll agree with you if you make the effort.

Then comes along the academic community using equality, happiness, etc., all pretty much un-American concepts, against Americans like it's some fault of our dirty system while refusing to acknowledge that standards of living would be **** without the American engine.

Even your 'American concepts' aren't ****ing American, Grandpa. Was Adam Smith American? America's very ****ing foundation was surveying the best of what was being written by non-American individuals, or working for other nations, and combining/compiling it cohesively into a system that would best benefit their citizens. They did it then, so y'all need to continue to do it now. Americans have too much pride to change any component of a system and copy what another nation is doing, which is beyond ****ing hilarious (and will lead to their fall if it continues).

All those happy-go-lucky countries (who may or may not be truly happy since it's an abstract concept that cannot really be measured) would be mired in muck without a more competitive nation to gracefully keep them afloat.

No, measuring happiness is not a perfect science. But to treat it as black and white as you do really is agenda-serving at best. "Correlation isn't causation"-- but nearly every measure of happiness known shows the US ranking consistently near the bottom of all developed nations. An embarrassment for the nation that has the most capability to reverse this.

I suppose I am narrow minded for taking a broader approach instead of pitfalling into academic black holes that don't care to see the forest for the trees. Happiness can be achieved by equalizing incomes. Consequences be damned.

You're narrow-minded for refusing the existence of a problem, and building false-justifications for the support of perpetuating the existence of said problem.
 
There are very bad definitional problems in this thread.
Happiness
Fairness
Equitable
Etc.

I consider America pretty fair. There are no laws keeping people from finding success. I feel like the bigger the government the more likely opportunities for greater success is lost for the sake of another person's opinion of fairness.

I don't know many Americans that wish they lived in one of these other happier countries.
 
however there are developed nations all across this world that have companies that compensate their employees much more than your typical American company and/or government, make higher quality goods, maintain higher productivity, and keep employees motivated.


Not sure I understand your point here. This may very well be true, but why does it matter? Is the measure of a country's effectiveness how much it pays it's employees and keeping them motivated? There are obviously countries that pay less than America. It's just another thing that is tough to measure.

Btw, I am a huge critic of America.. But not about fairness or needing more government to rule the people. No system is perfect, but America is FAR from having it more wrong than most.

One of our single biggest problems is our media/shock-journalism. If there was one area that I would love to see greater accountability it would be in this absolute cesspool of ********.
 
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