A second assumption is that companies "should" reward people who have invested in educating themselves and cultivating valuable skills. You're in danger if you think like this. Companies pay good money for such knowledge and skills usually because they need to, not because they "should". That is why most will ask you to tell them your salary expectations when you apply, rather than tell you up front what they are willing to pay you. By letting you speak first, they may find you're willing to accept a less-than-market rate.
A Company Copes With Backlash Against the Raise That Roared
211–220 of 280 posts
Re: A Company Copes With Backlash Against the Raise That Roared
#212Earlier quoted context omitted.
Hahahahah fuck off "They (Native Americans) didn't have any rights to the land, and there was no reason for anyone to grant them rights which they had not conceived and were not using. What was it that they were fighting for, when they opposed white men on this continent? For their wish to continue a primitive existence, their 'right' to keep part of the earth untouched, unused and not even as property, but just keep…
I'd recommend you start your post in a more serious manner, if you'd like it to gain serious readership.
Re: A Company Copes With Backlash Against the Raise That Roared
#213Seems there are some fundamental but overlooked assumptions running through these comment threads, the stance that companies "should" pay higher salaries to workers who create more value for the company being one. The assumption is that the company, or its management, is like a parent that must treat each of its children equally. Why should this be the case? Who says a company should be a full-fledged meritocracy? If…
Re: A Company Copes With Backlash Against the Raise That Roared
#214Earlier quoted context omitted.
I'd recommend you start your post in a more serious manner, if you'd like it to gain serious readership.
actually, i rather liked it. i'd recommend you lurk a little longer before telling people what to do.
Also his riposte pretty much destroyed the argument of the person he was responding too.
Re: A Company Copes With Backlash Against the Raise That Roared
#215Re: A Company Copes With Backlash Against the Raise That Roared
#216I hope some academics are doing a study on this, as it's an almost prefect real-world example of efficiency wages.[1] I wouldn't be surprised if they see large increases in productivity amongst downmarket employees, as they now have an extremely strong incentive to kick ass at their job (any other job they could get would pay significantly less). That being said, I also sympathize with the workers who were making $70…
> That being said, I also sympathize with the workers who were making $70k. If I were making $70k and a junior developer making $30k before (all hypothetical) got a raise to $70k I would absolutely be pissed off that I am now apparently considered equally valuable to them. I am baffled by this mindset. You had something that you were happy with, but now it's suddenly not good enough, because someone that you consider…
I've never really understood that mindset, back when I worked for other people I didn't give a shit what other people earnt as long as what I earnt was enough to cover my overheads and seemed reasonable for the work I was putting in.
Re: A Company Copes With Backlash Against the Raise That Roared
#217Jealousy is quite common. You see plenty of instances of this, people can't wait to measure their self-worth relative to others and would happily affect the lives of others in a negative way simply because it makes them feel better about themselves. After all if you determine your status by the pay you receive and the stuff you can buy then it's better for you if your colleagues earn less than you and your self-worth…
She had a vendetta against me from day one with constant jibes about pay and such as prior to me starting she'd earnt the most out of the staff there.
It progressed into her making a landgrab (decided that I had to clear all days off and holidays through her etc) which I countered by speaking to my boss (and the company owner) who then told her that I was nothing to do with her and she should get back to managing the job of an office manager.
If I were not so thick skinned it would have been a deeply unpleasant experience.
Re: A Company Copes With Backlash Against the Raise That Roared
#218Earlier quoted context omitted.
Housing follows the laws of supply and demand like everything else. Certainly not like everything else. The demand for housing is a function of (amongst other things) how easily people can borrow the money to pay for one, how much the interest on that debt is, and what they guess is going to happen to prices in the future. Under simple primary school "supply and demand" economic theory, increasing price leads to a re…
Sorry, you are confusing cause and effect. It's a common mistake. The housing prices increasing means demand had already gone up. An increase doesn't leaf to more demand. If people were paying increased prices, it means the demand has increased enough for the seller to make the sale at the inflated price.
An increase doesn't lead to more demand.
Yes it does. People see prices going up. They see the front page of a tabloid paper declaring it repeatedly. They panic about "missing the boat" and other such. They see people who did buy sitting on sudden equity gains, and they want some of that. They were going to wait, but now they won't. They stretch, and go out and buy. Extra people deciding to buy increases the demand, which then increases the prices again. Lenders see their balance sheets looking better and better as their debtors' equity increases, so they can lend more and at lower interest rates. The increasing house prices have led to an increase in mortgage availability which leads to more people able to buy houses which increases demand again. Increasing house prices increase demand increases prices increases demand, right up to the point where enough people simply cannot get the mortgage necessary.
As markets crash and people see prices dropping, they decide not to buy. They will wait until next month/quarter/year, when prices will be cheaper still. They also flinch at the idea of negative equity, especially if they remember it from the last crash. Demand drops. Falling prices makes lenders demand higher deposits to protect themselves from dropping house prices, so people who could buy suddenly can't; the falling prices cause a drop in demand. Mortgage lenders watch their debtors equity vanish and find themselves compelled by balance-sheet regulations to change their lending; the falling prices causes a drop in ability of people to get a mortgage, so demand drops. Often, the lop-sided economy suffers from the crash and people have less money so they can't spend so much servicing a mortgage, so demand drops. Decreasing house prices decrease demand. Housing is also one of the few things non-investors buy that they call an investment. Watching the biggest potential purchase they will ever make bleed makes it a much less attractive "investment". Demand drops. Falling house prices lessen people's interest in buying a house. Falling house prices cause lower demand, which causes lower prices which causes lower demand.
But this is crazy. Surely this would lead to some kind of endless boom-bust cycle in house prices.
Re: A Company Copes With Backlash Against the Raise That Roared
#219The most repulsive thing to read here is the reaction of some of the customers. “What’s their incentive to hustle if you pay them so much?” Really? Do you ask that same question when a CEO gets millions of dollar in bonus? Nah, the CEOs simply "deserve" it. The employees though, they must hustle. Roughly transposed to the 17th century, that statement reads "What's the incentive for this n * to pick more cotton if he…
Re: A Company Copes With Backlash Against the Raise That Roared
#220Earlier quoted context omitted.
I'd recommend you start your post in a more serious manner, if you'd like it to gain serious readership.
actually, i rather liked it. i'd recommend you lurk a little longer before telling people what to do.