This is very nice of the owner, but extremely inefficient economically. Which means most companies can't afford to do something like that. Only if your profit margins are huge.
simple: cut the ceo's pay to keep payroll expenses the same
The boss who put everyone on 70K
91–100 of 381 posts
Re: The boss who put everyone on 70K
#92Earlier quoted context omitted.
I am a contractor and I would expect to be paid the market rate for my skillset. The market rate for a .NET developer in the UK is about £350-400 a day (outside of London) in the UK. An Angular JS developer gets between £450 and £500. Thus at the moment (despite not being fond of it) I am (re-)learning Angular JS in my spare time so I can go for these higher paid roles. The same is generally true for the salaried mar…
I’m a (sort-of) contractor. My rates and selection of projects strongly takes the team dynamic at the clients place into account. Sure, I do have a rate that I aim for, but as long as a certain minimum is met, I’m likely to choose a place with a sane team and healthy social interactions over a dysfunctional hell hole. And places that pay everyone a reasonable wage at least tend to have that more often than other plac…
That is fine, I am mostly the same.
> And places that pay everyone a reasonable wage at least tend to have that more often than other places.
I've seen almost no evidence of this other than at the real extremes. Maybe it is differences in the UK market vs elsewhere but typically you won't find a big difference in rate between one contract and another in roughly the same locale with everything else being equal.
Re: The boss who put everyone on 70K
#93It's an excellent story. But what works in a group smaller than Dunbar's Number[1] may not quite scale up. Don't let that Politician Obfuscating Near You (PONY) con you into believing otherwise. [1] https://en.wikipedia.org/wiki/Dunbar's_number
Indeed. There are roughly three ways to convince people to keep the discipline needed for the collaborative work: force them, interest them economically, or have them believing the cause. Slavery, capitalism, and monastery.
Real systems usually are mixes. E.g. Soviet system is largely slavery plus some bits of capitalism and a lot of propaganda to cover the monastery aspect. Or a capitalist company with a visionary leader may be quite a monastery too.
Now, the most pleasant way to work is indeed a monastery, but the one that scales well is capitalism :) Slavery is inferior on both counts, but may work when there's no way to add economic interest.
Re: The boss who put everyone on 70K
#94Earlier quoted context omitted.
I am a contractor and I would expect to be paid the market rate for my skillset. The market rate for a .NET developer in the UK is about £350-400 a day (outside of London) in the UK. An Angular JS developer gets between £450 and £500. Thus at the moment (despite not being fond of it) I am (re-)learning Angular JS in my spare time so I can go for these higher paid roles. The same is generally true for the salaried mar…
"But generally how else are you going to gauge the compensation of any individual reliably other than market rate?" If you were a business owner, what would be the correct referral market rate if the people whose compensation you are gauging is a tight knit team with years of experience on your specific business and customer needs?
Probably more than whatever your competitor in the same market would be offering them i.e. above whatever the market rate is.
Re: The boss who put everyone on 70K
#95Earlier quoted context omitted.
"But generally how else are you going to gauge the compensation of any individual reliably other than market rate?" If you were a business owner, what would be the correct referral market rate if the people whose compensation you are gauging is a tight knit team with years of experience on your specific business and customer needs?
Another thing that often gets forgotten is the cost of (long term) employees leaving. They take so much institutional knowledge with them. I'm currently watching a case unfold at a client where all people with intimate knowledge of a crucial component left - the cost of training up new people on that component will eclipse any reasonable increase in wage that they could have given to the team, not even accounting for…
I think us developer overstate how important we think this is. Unless time to market is a consideration then they will probably just accept throwing people at it and then get some poor souls to clean up afterwards.
Re: The boss who put everyone on 70K
#96> "When money is not at the forefront of your mind when you're doing your job, it allows you to be more passionate about what motivates you," she says. I spent the first several years of my career working in academia for a poverty level wage. I can confirm from my own experience that when you worry about not being able to pay rent and all the bills, it's very difficult to be productive, much less in a job that requir…
And it will have an effect on your kids too. You might think they wouldn't notice, but they do.
Lacking money occupies your mind, you just tend to forget if money isn't a problem anymore.
Re: The boss who put everyone on 70K
#97> "When money is not at the forefront of your mind when you're doing your job, it allows you to be more passionate about what motivates you," she says. I spent the first several years of my career working in academia for a poverty level wage. I can confirm from my own experience that when you worry about not being able to pay rent and all the bills, it's very difficult to be productive, much less in a job that requir…
On the other hand, having money makes me less productive, since I spend more time caring about the stock market. Like yesterday alone my long ETF lost 2000€ worth, and I bought a short ETF for balance, which went up 200€. Should have bought the short ETF earlier, but I was at work. Here I am actually losing money by going to work
Re: The boss who put everyone on 70K
#98> "When money is not at the forefront of your mind when you're doing your job, it allows you to be more passionate about what motivates you," she says. I spent the first several years of my career working in academia for a poverty level wage. I can confirm from my own experience that when you worry about not being able to pay rent and all the bills, it's very difficult to be productive, much less in a job that requir…
That is a consequence of procrastination, which is the consequence of anxiety, which is the consequence of barely meeting ends. Basically in order to be productive under those circumstances you have to ignore reality, which can be problematic for the people around you. But at the same time everything is relative on your perception of reality. We spend today 50-100 times more energy per person that people 100 years ag…
It is often argued that people are far richer today than before. But you still can loose everything within a few months, so the pressure for economic success hasn't receded that much. And that is the security that is relevant to economic anxieties.
Re: The boss who put everyone on 70K
#99> "When money is not at the forefront of your mind when you're doing your job, it allows you to be more passionate about what motivates you," she says. I spent the first several years of my career working in academia for a poverty level wage. I can confirm from my own experience that when you worry about not being able to pay rent and all the bills, it's very difficult to be productive, much less in a job that requir…
On the other hand, having money makes me less productive, since I spend more time caring about the stock market. Like yesterday alone my long ETF lost 2000€ worth, and I bought a short ETF for balance, which went up 200€. Should have bought the short ETF earlier, but I was at work. Here I am actually losing money by going to work
are you me? Although my stock market outing has been very successful. i made my entire yearly salary this week and that is very demotivating to work right now..
Although we are the exception not the rule. My last job had me running around exhausted and I thought being super productive would increase my bonus (narrator: it didn't)
Re: The boss who put everyone on 70K
#100Earlier quoted context omitted.
Yes, but it's usually less than 5x more. I don't really see your argument. The per capita expenditure should be the same or less. If really necessary, just charge real estate developers for it.
When the sewer and water service is under existing streets and needs to be dug up to support higher density housing, that project is enormously more expensive and disruptive to the locals.
It's funny that city living is described as economical, ecological, and scalable compared to suburban & rural living because of infrastructure & transport costs. And here you're arguing the exact opposite.
So how is it? Dig up the street and build taller flats (oh no, digging up streets is expensive!), or commit to suburban sprawl (oh no, spreading infrastructure wide is expensive!). Pick your poison; either way people are going to have the infrastructure they need in one place or another, unless you kill them off.
Nevermind the the third and obvious alternative of expanding the city with high density buildings and new infrastructure to support it. You don't have to interconnect every sewer pipe in town just because.