OnePercenter
Gold Member
- Apr 10, 2013
- 23,667
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There are very few examples where profit sharing or stock options are worth anything near a pay increase.
How much are employees worth when they make you all of your money?
An employer can legally reduce the pay of existing employees?
Sure they can. Why can't they?
What are you worth as an employee? Simple answer. Your worth as an employee is what your employer can pay another person to do the same job and same quality of work that you do. That's what we are all worth.
If you have a job operating a drill press for 20 bucks an hour, walk off the job after being refused a raise request, did you deserve that raise?
Well if your employer can hire another person to do your job at the same rate, then no, you were not worth that raise. If your employer can't find anybody for that money, and has to up his offer, then yes, you did deserve that raise. If your employer found somebody to do your job for 18 bucks an hour, then you were being overpaid.
This is why sweeping the floors or making french fries pays much less than an engineer. Because anybody can do those jobs, however there are many less engineers for an employer to choose from. He can't find anybody to be an engineer at his company for the money he pays floor sweepers.
Employers pay the least amount they can get away with, which is why we need a minimum wage.
Of course they do. It is not the business of employers to provide employees with the lifestyle of their choice, but to make a profit and satisfy their investors..
It is the moral responsibility of employers to pay a living wage.
Who determines what a "living wage" consists of, 1%er? You?
Living Wage Calculator
Add 20% for rent variances.