Reparations

[jotathought]

They also forget that with automation added to many jobs, the value added by the employee is decreased, with the cost of automation added to the value the company gets from their infrastructure as opposed to labor.

Translated .. the market value of a role. Makes perfect sense. If automation, a huge initial expense, can offset routine tasks of employees, and provide long-term savings .. why wouldn't any business owner go this route?

 

[john doe 101]

McDonalds has multiple CEOs? Scandinavian countries have high community based taxes to support social safety nets . .. the baby steps to socialism. The real problem is people like you that don't understand basic economics and then complain about things you don't understand.

In the US, pay for CEO's is far more than other countries pay their CEO's, and it isnt even close.

No, the real problem is people like you who want to perpetuate the status quo where 5% of the population benefits from economic growth while the other 95% dont. You personally attacking me on a perceived lack of economic knowledge isnt going to win this argument.

 

[john doe 101]

Translated .. the market value of a role. Makes perfect sense. If automation, a huge initial expense, can offset routine tasks of employees, and provide long-term savings .. why wouldn't any business owner go this route?

And how do you propose we prepare for this inevitability? Just have hundreds of millions unemployed and suffering while a few people get rich? I'm guessing by your previous comments you would agree with that.

 

[jotathought]

Where did I ever say that employees that dont do their job responsibilities should get a raise? If you're doing your job, why shouldnt you get a raise at least equal to inflation? THAT is the average Joe I'm talking about. You somehow misconstrue an average Joe as being a lazy worker that doesnt do their job. Evidently you think 95% of Americans dont do their jobs and dont deserve a raise.

You cant justify workers in essence not getting a raise for over 30 years while CEO pay increases are greater than the stock market gains during the same period. That is unjustifiable.

And no, it isnt very common for people to change jobs every year.

Sigh .. basic economics. You've demonstrated you don't understand basic economics and business budgets. Businesses allocate funding for associate advancement, and this often doesn't include raises for every single employee (at least for medium and large organizations). Performance is often an anchor point to reward, where the associate has added value and advanced the organizational goals / milestones. Why would you reward someone who is just .. average compared to employees that align with the company vision and values, and are .. productive?

You still haven't answered the question .. I'll phrase it another way. If a poor performing associate works for a company for 30 years without a raise .. what forced the associate to stay at that organization? It's extremely common to move to another organization with an outside perspective ... and make more money.

 

[jotathought]

In the US, pay for CEO's is far more than other countries pay their CEO's, and it isnt even close.

No, the real problem is people like you who want to perpetuate the status quo where 5% of the population benefits from economic growth while the other 95% dont. You personally attacking me on a perceived lack of economic knowledge isnt going to win this argument.

The 5% (which I would need to verify since you aren't trustworthy) provide the jobs and wages. Basic economics .. what grade did you get in Macro Economics? There is no argument ..

 

[jotathought]

And how do you propose we prepare for this inevitability? Just have hundreds of millions unemployed and suffering while a few people get rich? I'm guessing by your previous comments you would agree with that.

Cross training .. education .. productivity. You fail to introduce government oversight and governance on businesses, and they often have tight-margins for profit. The purpose to introduce a business is to add value to the consumer and make a profit. Name a handful of businesses that stay in business to lose money and continue to provide services.

 

[john doe 101]

Sigh .. basic economics. You've demonstrated you don't understand basic economics and business budgets. Businesses allocate funding for associate advancement, and this often doesn't include raises for every single employee (at least for medium and large organizations). Performance is often an anchor point to reward, where the associate has added value and advanced the organizational goals / milestones. Why would you reward someone who is just .. average compared to employees that align with the company vision and values, and are .. productive?

You still haven't answered the question .. I'll phrase it another way. If a poor performing associate works for a company for 30 years without a raise .. what forced the associate to stay at that organization? It's extremely common to move to another organization with an outside perspective ... and make more money.

So explain CEO pay increases for those that run the companies into the ground.

If someone isnt doing their job, fire them. I never said that a person who isnt performing their job responsibilities should get a raise. How many fucking times do I have to say that? I think the problem here is you not understanding what I mean by Average Joe. The problem that I'm trying to get through your thick skull is the guy who is performing his job duties HAS NOT been getting a raise and his pay has remained stagnant while their CEO pay has increased astronomically. It's not a fucking hard concept to grasp. But you either refuse to see this reality or make up something like evidently every worker in America isnt performing their job duties and that is why they arent getting raises.

I'm done discussing this. Like I said previously, you support the status quo of a few benefitting off economic gains. I disagree with that. I can clearly see I'm talking to a brick wall.

 

[john doe 101]

The 5% (which I would need to verify since you aren't trustworthy) provide the jobs and wages. Basic economics .. what grade did you get in Macro Economics? There is no argument ..

Wages dont come out of a CEO's pocket of a publicly run company. Are you this fucking stupid?

 

[john doe 101]

Cross training .. education .. productivity. You fail to introduce government oversight and governance on businesses, and they often have tight-margins for profit. The purpose to introduce a business is to add value to the consumer and make a profit. Name a handful of businesses that stay in business to lose money and continue to provide services.

You realize that at some point, almost every conceivable job will be automated. The problem is bigger than boiling down an answer to 3 words lol.

 

[jotathought]

So explain CEO pay increases for those that run the companies into the ground.

If someone isnt doing their job, fire them. I never said that a person who isnt performing their job responsibilities should get a raise. How many fucking times do I have to say that? I think the problem here is you not understanding what I mean by Average Joe. The problem that I'm trying to get through your thick skull is the guy who is performing his job duties HAS NOT been getting a raise and his pay has remained stagnant while their CEO pay has increased astronomically. It's not a fucking hard concept to grasp. But you either refuse to see this reality or make up something like evidently every worker in America isnt performing their job duties and that is why they arent getting raises.

I'm done discussing this. Like I said previously, you support the status quo of a few benefitting off economic gains. I disagree with that. I can clearly see I'm talking to a brick wall.

You've stated that associates should be entitled to pay increases ..

I don't have a thick skull .. I'm just looking through the economic lens as a business owner, and responding to your baseless accusations that aren't grounded in economics. You don't give a pay raise to average individuals when you have a limited budget and high achievers.

CEOs are at the top of the food chain .. it would be like Michael Jordan compared to some newbie entering the NBA. Shocker that Michael Jordan would get substantially more pay increases through salary, sponsors and other revenue sources because he added more value to the NBA and focus on the Chicago Bulls.

 

[jotathought]

You realize that at some point, almost every conceivable job will be automated. The problem is bigger than boiling down an answer to 3 words lol.

Then get an education on repairing the automation machines / software or on leading such teams. Pretty basic.

 

[john doe 101]

You've stated that associates should be entitled to pay increases ..

I don't have a thick skull .. I'm just looking through the economic lens as a business owner, and responding to your baseless accusations that aren't grounded in economics. You don't give a pay raise to average individuals when you have a limited budget and high achievers.

CEOs are at the top of the food chain .. it would be like Michael Jordan compared to some newbie entering the NBA. Shocker that Michael Jordan would get substantially more pay increases through salary, sponsors and other revenue sources because he added more value to the NBA and focus on the Chicago Bulls.

Yes I said employees should be entitled to pay increases. Why do you automatically think when I say employees, you think I'm referring to people that arent doing their jobs?

So what you're saying is no employees are providing value except CEO's and other highly paid management and thus only the CEO and highly paid management should benefit from a companies profitability. I disagree with that.

This is an American phenomena. CEO's in other countries are not paid to the same excess as they are in America.

 

[john doe 101]

Then get an education on repairing the automation machines / software or on leading such teams. Pretty basic.

You're going to have hundreds of millions of repairmen? LOL yeah pretty basic for someone who doesnt understand the complexity of the problem.

 

[martybegan]

Take a look at minimum wage history and hourly minimum wages for tipped workers. Federal minimum wage hasnt increased since 2009. For tipped workers, it hasnt increased since 1991.

As far as tax rate comparison, evidently you dont understand the simple concept that $1 is more meaningful to someone making $20k than someone making $10 million.

Again, you weren't supposed to live off a minimum wage. If you are trying to do that, you fucked up somewhere along the way.

 

[martybegan]

Translated .. the market value of a role. Makes perfect sense. If automation, a huge initial expense, can offset routine tasks of employees, and provide long-term savings .. why wouldn't any business owner go this route?

People like John Dope always forget the actual minimum wage is always $0.00 per hour.

 

[john doe 101]

Again, you weren't supposed to live off a minimum wage. If you are trying to do that, you fucked up somewhere along the way.

So in your mind what is the purpose of having a minimum wage?

 

[martybegan]

So in your mind what is the purpose of having a minimum wage?

Giving government something they can pretend to care about to impress simps like you?

Going from minimum wage to livable wage to destroy our economy via market manipulation?

The issue is making minimum wage the same as a livable wage. What you end up doing is pricing poor performers are starter ups from being valuable enough to hire. Why hire someone who gives you only $8 worth of labor if you have to pay them $15?

 

[john doe 101]

Giving government something they can pretend to care about to impress simps like you?

Going from minimum wage to livable wage to destroy our economy via market manipulation?

The issue is making minimum wage the same as a livable wage. What you end up doing is pricing poor performers are starter ups from being valuable enough to hire. Why hire someone who gives you only $8 worth of labor if you have to pay them $15?

You didnt answer the question.

 

[john doe 101]

Giving government something they can pretend to care about to impress simps like you?

Going from minimum wage to livable wage to destroy our economy via market manipulation?

The issue is making minimum wage the same as a livable wage. What you end up doing is pricing poor performers are starter ups from being valuable enough to hire. Why hire someone who gives you only $8 worth of labor if you have to pay them $15?

McDonalds turned a $12,000,000,000 gross profit in 2021. I'd argue its workers on the ground were giving more than $8 an hour worth of labor.

 

[martybegan]

You didnt answer the question.

I did.