Remember the story of the Seattle entrepreneur who raised minimum wage to $70K ?

[Sun Devil 92]

How do you justify a minimum annual salary above the national average ?

 

[thereisnospoon]

Ridiculous example from a ridiculous mindset

What else has the New York Times published that you thought was ridiculous?

The New York Times reports that two of Gravity Payments' "most valued" members have left the company, "spurred in part by their view that it was unfair to double the pay of some new hires while the longest-serving staff members got small or no raises."

I don't read the Times so I dunno. Then again, I doubt you do read anything that isn't spoon fed to you for consumption.

As for my post, maybe my elaboration would help educate you (fat chance you'll learn anything of course but there is a first time for everything)

• You don't think its ridiculous to create such a high minimum wage?
  
• People leaving over what someone elese makes is quinticentially ridiculous if it's a legal/fair/and comparable wage
• Citing this idiotic move as a commentary on raising someone's pay from 8 to 10 an hour is batshit crazy and not unexpected.

Maybe in your tiny mind any negative reaction to something about which you cheer lead is done out of spite.

Huh?

Legal has nothing to do with anything.
Neither does "fair"....

Maybe not in Conservistan but in the real world, people who find out about mistreatment of fellow team members often do something about it.

On the matter of 'comparable', who knows.
The bottom line is those who left believed their merits and achievements were being ignored.
I don't think I'd be going out on a limb by surmising that the same reaction would take place in any other company that instituted the same policy.
How you left wingers cannot grasp this reality is a mystery.

Total garbage from you as always. He'll, my health system offers all sorts of incentives to new nurses and AHPs that we didn't a few years ago. In some cases, less than a year ago. Funny, were not seeing former hires resigning in droves because they missed the sign-up bonus or license reimbursement for the years we didn't offer it.

Denial of reality is not a defense.
Achievement and merit are the correct pathways to higher pay. Period.
Your comments do not apply to the issue at hand.
And you trip your self with this ""missed the sign up".....
So is there anything else on your mind?
Why are you so interested in this kind of giveaway?..Why do you care so much? Do you think it ok to bypass the merit system?...If so, please explain how you believe there exists an incentive for the best workers to keep achieving and moving up.
tell ya what. If my boss hired an assistant for me and piad that person anywhere close to what I earn, I better see bigger numbers in my check otherwise, I am either out of there. or I would abuse the FNG like nobody's business. Because if anyone is going to be paid what I earned through hard work and achievement of skills they are going to get put into a meat grinder. Everyone pays their dues. They get the shit end of the stick. Do the grunt work.
That's old school That's the way it should be. You earn your stripes.
Tut tut. There is no response.
Don't type. Just move on....Done

 

[thereisnospoon]

This is why I have been saying if you raise the minimum wage up several dollars an hour, you're going to piss off seasoned and more skilled workers who if not at least equally compensated are going to feel slighted.

A CEO raised his company's minimum wage to $70,000 a year, and some employees quit because of it........

When Dan Price, founder and CEO of the Seattle-based credit card payment processing firm Gravity Payments, announced he was raising the company's minimum salary to $70,000 a year, he was met with overwhelming enthusiasm.



"Everyone start[ed] screaming and cheering and just going crazy," Price told Business Insider shortly after he broke the newsin April.

One employee told him the raise would allow him to fly his mom out from Puerto Rico to visit him in Seattle. Another said the raise would make it possible for him to raise a family with his wife. Overnight, Price became something of a folk hero — a small-business owner taking income inequality into his own hands.

But in the weeks since then, it's become clear that not everyone is equally pleased. Among the critics? Some of Price's own employees.

The New York Times reports that two of the company's "most valued" members have left the company, "spurred in part by their view that it was unfair to double the pay of some new hires while the longest-serving staff members got small or no raises."

Maisey McMaster — once a big supporter of the plan — is one of the employees that quit. McMaster, 26, joined the company five years ago, eventually working her way up to financial manager. She put in long hours that "left little time for her husband and extended family," the Times says, but she loved the "special culture" of the place.

But while she was initially on board, helping to calculate whether the company could afford to raise salaries so drastically (the plan is a minimum of $70,000 over the course of three years), McMaster later began to have doubts.

"He gave raises to people who have the least skills and are the least equipped to do the job, and the ones who were taking on the most didn’t get much of a bump," she told the Times. A fairer plan, she told the paper, would give newer employees smaller increases, along with the chance to earn a more substantial raise with more experience.

Gravity's web developer, Grant Moran, 29, had similar concerns. While his own salary saw a bump — to $50,000, up from $41,000, in the first stage of the raise — he worried the new policy didn't reward work ethic. "Now the people who were just clocking in and out were making the same as me," he tells the Times. "It shackles high performers to less motivated team members."

He also didn't like that his salary was now so public, thanks to the media attention, and he worried that if he got used to the salary boost, he might never leave to pursue his ultimate goal of moving to a digital company. Like McMaster, Moran opted to leave.

But according to the Times, even employees who are "exhilarated by the raises" have new concerns, worrying that maybe their performances don't merit the money. (Arguably, this is evidence the increase is actually a good idea, potentially motivating people to achieve more.)

For his part, Price — who's also under fire from other local business owners and his brother, who says Price owes him money — stands by his plan, but doesn't begrudge his critics. "There’s no perfect way to do this and no way to handle complex workplace issues that doesn’t have any downsides or trade-offs," he tells the Times. "I came up with the best solution I could." And certainly, many of his employees agree.

A CEO raised his company s minimum wage to 70 000 a year and some employees quit because of it - Yahoo Finance

Bye! Don't let a 70k job hit you in the ass on the way out! YOU SHOW HIM WHO IS BOSS! I bet he is gonna have a hard time finding new workers LOL

LOL.....Umm , the people that left? Those were key employees that had long tenures with the company.
A business doesn't just run an ad in the paper/on line to replace these highly skilled people.

 

[2aguy]

This points out why doing what this guy did is just stupid....

Liberal Gave Employees 70k Minimum Wage Then THIS Happened The Federalist Papers


Here’s what Kimberly Morin wrote for The Federalist Papers when the story first broke:

Now, this may sound fabulous and the employees are probably happier than pigs in poo but the reality is that this will ultimately hurt the employees and the company.

Essentially Price is giving everyone a ‘trophy’ even if they don’t deserve it.


He’s paying low-skilled workers a much higher salary than they’d ever earn elsewhere which means they’ll end up being stuck in the same job for years rather than leave.

He’s cutting the profits of his company to do so which means he won’t have the money to grow like he would before which will end job creation. This will also stop the company from growing which in turn will make it so the employees he has now can’t move up the food chain internally.

While the idea sounds all ‘feel goody’, the employees will pay a price. The point of low-skilled jobs is to get experience to continue moving up in the world where you eventually make decent money.

There is a value placed on workers that is based on demand and skill level. By increasing the value of lower skilled workers to one that doesn’t come near what is reality, Price sets his own employees up for failure down the road.

 

[candycorn]

Ridiculous example from a ridiculous mindset

What else has the New York Times published that you thought was ridiculous?

The New York Times reports that two of Gravity Payments' "most valued" members have left the company, "spurred in part by their view that it was unfair to double the pay of some new hires while the longest-serving staff members got small or no raises."

I don't read the Times so I dunno. Then again, I doubt you do read anything that isn't spoon fed to you for consumption.

As for my post, maybe my elaboration would help educate you (fat chance you'll learn anything of course but there is a first time for everything)

• You don't think its ridiculous to create such a high minimum wage?
  
• People leaving over what someone elese makes is quinticentially ridiculous if it's a legal/fair/and comparable wage
• Citing this idiotic move as a commentary on raising someone's pay from 8 to 10 an hour is batshit crazy and not unexpected.

Maybe in your tiny mind any negative reaction to something about which you cheer lead is done out of spite.

Huh?

Legal has nothing to do with anything.
Neither does "fair"....

Maybe not in Conservistan but in the real world, people who find out about mistreatment of fellow team members often do something about it.

On the matter of 'comparable', who knows.
The bottom line is those who left believed their merits and achievements were being ignored.
I don't think I'd be going out on a limb by surmising that the same reaction would take place in any other company that instituted the same policy.
How you left wingers cannot grasp this reality is a mystery.

Total garbage from you as always. He'll, my health system offers all sorts of incentives to new nurses and AHPs that we didn't a few years ago. In some cases, less than a year ago. Funny, were not seeing former hires resigning in droves because they missed the sign-up bonus or license reimbursement for the years we didn't offer it.

Denial of reality is not a defense.

Acting like an ass isn't a choice in your matter.

Achievement and merit are the correct pathways to higher pay. Period.

Sometimes yes, sometimes no. Supply and demand are the actual pathways to higher pay. They predicate Achievement and Merit.

Your comments do not apply to the issue at hand.

Sure they do.

And you trip your self with this ""missed the sign up".....

Oh?

So is there anything else on your mind?

I'm really wondering about X-Men and why we need another movie about them.

Why are you so interested in this kind of giveaway?.

You have more posts on this thread than I do.
.Why do you care so much?
[/quote]
I don't. To tell you the truth, I do not know the guy's name the name of his business or his industry.

Do you think it ok to bypass the merit system?.

I think you should do what is best for your business in every turn.

..If so, please explain how you believe there exists an incentive for the best workers to keep achieving and moving up.

This is why I called it a ridiculous. As for the incentive for the assumed professionals to keep achieving...at some point I hope the professionalism would kick in. I assume you think the D-Backs should just forfeit the rest of their games since they are getting paid whether they win or lose and have no hope of making the World Series??? I expect the 2nd baseman to do his best regardless of what I'm paying the pitcher or the center fielder. If he has a problem, I'll find someone who wants to contribute to the team.

tell ya what. If my boss hired an assistant for me and piad that person anywhere close to what I earn, I better see bigger numbers in my check otherwise, I am either out of there. or I would abuse the FNG like nobody's business.

I'm sure there have always been widespread tears of joy when you left all the previous times. If you base your performance on what Nancy in Accounting makes....you're worthless.