Asclepias
Diamond Member
Thats the entire point of going into business for yourself and something only the most forward thinking employers will rebel against.That requires more cash outlay and its a pain in the ass.I get your point but human nature tells me there is no guarantee my employee will work faster and in fact he may actually get comfortable and slow down.I agree it would be a wage subsidy. However, how do you rationalize paying people more than what they produce? Think about it for a minute. I own a company and I sell widgets that cost me $10 for raw material to build. I sell them at $20. Now I have to pay my employee that pushes the widgets down the assembly line $11. Why should i bother being in business?
You're asking the wrong question:
How much will the wage increase increase your production costs on a per unit basis? If the employee can process 60 widgets an hour, then the $3.00 per hour increase, adds 5 cents to the cost of your widget. You have the choice of adding the 5 cents to the price of your widgets, or absorbing it.
I get your point but human nature tells me there is no guarantee my employee will work faster and in fact he may actually get comfortable and slow down.
An employer can eliminate that problem by hiring correctly and placing employee retention programs.
That requires more cash outlay and its a pain in the ass.
The 'Lazy Employer.'