CEO Raises Minimum Wage to $70,000

[Gardener]

A grand a week would be a raise for me. I make about $3100 a month after tax. No car payment, but several debt payments, a mortgage, a wife and three kids. Also trying to put my wife through nursing school. If it weren't for her tuition we could get by.

If there was one thing I wish I had done differently, it would've been to stay out of debt.

Waiting on "a wife and 3 kids" would have been the better plan.

Get financially secure, then the rest.

(I realize that it isn't always an easy sell to the wife, but you have to explain it.)

 

[WackyDan]

thats great. You know I make more then 70k a year and I have found I live perfectly well on 1k a week. Everything else goes into savings or roth ira or for very large purchases (condo in los angeles isnt cheap). I challenge everyone who makes more then this to trim your bills down and live on 1k a week. That's probably 70k after taxes.

52 weeks in a year...

 

[WackyDan]

Why do you think that other people wont get a raise above minimum?

Due to the interview in the article mentioning that only those under $70k were getting a raise?

 

[BoberFett]

I would use that fact as leverage to get myself more money.

You can quit and get another job if you dont like the situation.

LOL, in the end everyone shows themselves to be a "conservative".

 

[JSt0rm]

LOL, in the end everyone shows themselves to be a "conservative".

No. We show that we are more then the caricature you have in your mind is all.

 

[JSt0rm]

52 weeks in a year...

Yes but after tax on 70k is around 1k a week.

 

[Blackjack200]

Yes but after tax on 70k is around 1k a week.

I'm $78k and after FICA, taxes, 401(k), Health Ins, etc. I take home about $800/wk.

 

[JSt0rm]

I'm $78k and after FICA, taxes, 401(k), Health Ins, etc. I take home about $800/wk.

Ok. Remove all that stuff and you will be over 1k a week.

 

[norseamd]

Good for him I say. But shareholders would never stand for this sort of behavior from a publicly traded company.

And now you know that many private businesses can be very successful and even sometimes do very good shit but once they hit the stock markets they turn into pure bullshit and often end up going bankrupt some years later because they are not able to ever consider any long term interests or planning because of quarterly profits for those ignorant investors.

 

[Newell Steamer]

It has never been about keeping salaries low to eek ahead. It has been about maximizing profits.

Private businesses are OK with 'losing' money by paying their employees well above market value - especially since it results in happy employees who will ensure they do a kick ass job.

Public businesses do no such thing,.... unless it's executive salaries, then there is pretty much no limit.

 

[michal1980]

It has never been about keeping salaries low to eek ahead. It has been about maximizing profits.

Private businesses are OK with 'losing' money by paying their employees well above market value - especially since it results in happy employees who will ensure they do a kick ass job.

Public businesses do no such thing,.... unless it's executive salaries, then there is pretty much no limit.

No business is OK with LOSING money.

 

[Exterous]

No business is OK with LOSING money.

Having worked for a couple of poorly run companies you might be surprised at how ok they are with losing money

 

[SMOGZINN]

It should bother anybody who works to better themselves and believes that should result in being paid more than somebody who doesn't work to improve themselves.

Ah, so you mean people that live in a fantasy world?

You can honestly say that if a majority of you coworkers got a 50%+ wage increase for no change in work or experience, and you were left out, you wouldn't feel offended or slighted?

So, when you are interviewing for a new job you ask how much the janitor makes? Because you want to make sure you are being properly valued more than him.
No. You ask for good pay for the job you do, because you don't really care how much the janitor makes.

 

[BoberFett]

Ah, so you mean people that live in a fantasy world?

You seriously believe that?

So, when you are interviewing for a new job you ask how much the janitor makes? Because you want to make sure you are being properly valued more than him.
No. You ask for good pay for the job you do, because you don't really care how much the janitor makes.

The expectation is already there that you're making more than a janitor, why would you ask?

If a person could make the same amount of money pushing a broom as they could , why would anybody put in the effort required to do anything more? Slave through a grueling decade of medical school to learn how to save lives and then have exactly the same reward as a guy who naps through his shift in the utility closet? Yeah, good plan. I'm sure you'll have a healthy medical community dedicated to taking care of people.

You have a messed up view of how things work.

 

[hal2kilo]

Wow, usually places that don't have snow have good roads since it's all the salting and freezing the fuck up the roads up here.

High water table. Probably a lot of soft soils there.

 

[WHAMPOM]

pretty cool, on the flip side though i would be a little distraught if I was making 71k and now joe mail room dude gets a raise to 70k.

So you can only happy when others are worse off then you? There is a specific German term describing your condition.

 

[JSt0rm]

So you can only happy when others are worse off then you? There is a specific German term describing your condition.

You know that actually explains the republican mentality more then any of the bickering that happens around here.

 

[michal1980]

So you can only happy when others are worse off then you? There is a specific German term describing your condition.

You know that actually explains the republican mentality more then any of the bickering that happens around here.

Commies like you guys just want everyone to be equally miserable.

 

[JSt0rm]

Commies like you guys just want everyone to be equally miserable.

 

[Moonbeam]

I have got to think of some way to rationalize this CEO's point of view away. If I listen to this dude I might start to view my own greed as a sign I'm a piece of shit.

 

[Vic]

Having read about this here and on a few other message boards, my takeaway is that Republicans don't want people to get raises even when their employer is given them one of their accord.

Seriously, good for this guy. His company is doing well, looking to expand and recruit, and this move just gave him some great free publicity.
That's good business sense.

 

[Vic]

No business is OK with LOSING money.

You must not have any experience in accounting.

 

[BoberFett]

So you can only happy when others are worse off then you? There is a specific German term describing your condition.

You know that actually explains the republican mentality more then any of the bickering that happens around here.

If that's the way you see being rewarded for effort and success, then that does more to explain the failures of the Democrat mentality than anything else.

You people actually believe it's about seeing that others have less rather than seeing yourself have more? Wow, that's a special kind of crazy.

 

[Moonbeam]

You know that actually explains the republican mentality more then any of the bickering that happens around here.

Self hate, friend, is the best answer you will find, in my opinion. People who hate themselves are loathed to see anybody else get anything. The greater the self hate, the less the size of empathy and compassion for others.

 

[JSt0rm]

If that's the way you see being rewarded for effort and success, then that does more to explain the failures of the Democrat mentality than anything else.

You people actually believe it's about seeing that others have less rather than seeing yourself have more? Wow, that's a special kind of crazy.

Thats not what was said. You seem to get things backwards a lot. I think you are a smart guy who is intentionally obtuse.