06 December 2013

wage math

So people are balking at minimum wage increases
Stating that people are asking to be paid more than they are worth

Let's look at worth on the other side

What is a no-skill worker worth compared to the owner of a company (assuming they are the highest paid person)?

Let's look at it in raw hours
Say a part time employee works 20 hours a week
A motivated owner works 140 hours a week
That means that motivated owner is putting 7 times more effort in.
Let's double it for skill
14 times more

Hell, let's triple it,
I can deal with an owner making 21 times more than the people who actually produce and sell the product.
I can even deal with 70 times more

But that's not reality is it?
McDonalds decided that their CEO's 'Fair Share' was 1,196 time what their workers make. Without ever flipping a burger, or taking an order, or cleaning a floor, or fixing a fry machine

Do you want to talk about stock? Well, new CEOs usually don't buy stock with their own money. The company gives it to them. So the stock is a part of their earnings.
It's not anything they sacrificed for.
They didn't risk any of their own money.

And I wonder what would happen if a CEO would actually give their workers more of the fruits of their labor?
Oh, the CEO would quit. Well, good ridden. There are others that can take their place.
And if no one takes their place?
Fine. I don't eat McDonalds anyway. The companies that do shaft their workers don't make anything that betters anyone.


Or you want to talk about raising prices?
So you want me to back off because someone making 1000 times more than their workers would rather screw customers than make maybe 500 times more than their workers instead?
You'd rather get mad at me for wanting better wages for workers. Or wanting more people employed at better wages.

But you ignore or even praise the person who could actually make a difference yet chooses not to for their own gain.
You make excuses for the people who can give better wages and jobs so people don't need government assistance.

you want to talk about small business?
Small business isn't the problem
Small business pay their people much better in terms of what they make compared to their workers.
Small business doesn't pull in the capital or profits that these big companies do.
These companies are the reason small business has it so hard. Yet you want to blame it on workers who actually want to be able to live off of what they earn.

You can scoff at people for judging the person who makes 500 to 1000 times more than the people actually producing the product and selling it. But when someone tries to fight for the people who actually make the profits, you say they are not worth it.

People are arguing about a person asking for a higher minimum wage when owners are the ones increasing their wages at the expense of the workers.
The other argument is that the higher minimum wages would increase prices
Like this is an automatic force of the economy and not a consequence of greed
When a company makes a billion in profit (And still complains that the market is 'challenging'), and thinks they have to raise prices in order to raise their worker wages,
fuck them.


You ask people to justify a minimum wage increase
Justify a person making 200 to 300 times more than their workers


talk about worth

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