11–20 of 278 posts
I mean have a conversation about the wage gap sure but know that these numbers are not meaningful as it regards the US.
This site doesn't distinguish pay and not-pay, I think. Sundar Pichai is paid about $8m/year, not $100k/hour. The rest is stock. And even that vests over 3 years[0], not one year. [0] https://www.sec.gov/Archives/edgar/data/1652044/000130817923...
I think it's appalling that the minimum wage is capped based on your age in the UK. It implies that the value provided to the employer is lower if you're younger. The minimum wage should be the same for everyone. There's plenty of 18 year olds out there doing more than their 30 year old counterparts and getting paid less for it.
> The cap implies that the amount of value provided to the employer is lower if you're younger. It's not a cap, it's a minimum. This is so people can employ kids who have very little economic value and train them to have lots of it.
misphrased, fixed.
>This is so people can employ kids who have very little economic value and train them to have lots of it.
But 18 year olds are not kids anymore and are capable of providing just as much economic value as a 25 year old. Especially if the employer is a coffee shop or restaurant.
Minimum wage should be the same for all ages. It should be at the discretion of the employers to pay more to experienced employees.
I think it's appalling that the minimum wage is capped based on your age in the UK. It implies that the value provided to the employer is lower if you're younger. The minimum wage should be the same for everyone. There's plenty of 18 year olds out there doing more than their 30 year old counterparts and getting paid less for it.
Why is it appalling? if you want to promote people having kids then this is one of the ways to do it. a kid can live sharing rent or with his parents, an adult cannot.
Many adults are living in this situation right now.
I think it's appalling that the minimum wage is capped based on your age in the UK. It implies that the value provided to the employer is lower if you're younger. The minimum wage should be the same for everyone. There's plenty of 18 year olds out there doing more than their 30 year old counterparts and getting paid less for it.
And if someone isn't minimum wage useful by 14, then our school system is an abject failure and the bureaucracy should be fired.
I think the difference is too big to be honest, but I do understand where it comes from.
Of course this punishes ALL 16 years old when some would perform better than an older employee, but there's no perfect system.
I mean have a conversation about the wage gap sure but know that these numbers are not meaningful as it regards the US.
$12-15 today is effectively lower than the federal minimum was 4 years ago. It's a completely disingenuous argument to make that it's acceptable to pay people that little.
Source: https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1&year1=201911...
This site doesn't distinguish pay and not-pay, I think. Sundar Pichai is paid about $8m/year, not $100k/hour. The rest is stock. And even that vests over 3 years[0], not one year. [0] https://www.sec.gov/Archives/edgar/data/1652044/000130817923...
This. I am okay showing total comp, but the numbers also seem...weird? Like Zuck makes $1/year salary. $27m/year which is mostly security expenses if I remember correctly, but has by far the largest net worth (of those listed) which is what people care about. And his stock appreciation is vastly higher than that shown.
However it does make for good shock jock value.
a) prevents people who are happy to work for less obtain a job which is uneconomical at the minimum wage, or
b) it creates an effect similar to communism, where everyone doing a job at or below a certain value gets paid the same, no matter what the value of their work is. This leads to the higher quality workers reducing their output, as they are only getting the paid the same as someone producing work of, for example, half the value of their own.