Galt's Gulch

"Groundbreaking" Plan Would Base The Boss' Salary On The Janitor's

Posted by DFish 10 years, 10 months ago to Business
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The folks at 20th Century Motor Corp would probably think this doesn't go far enough.
SOURCE URL: http://www.huffingtonpost.com/2014/02/19/income-inequality-salary_n_4748066.html?utm_hp_ref=business

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  • Posted by mminnick 10 years, 10 months ago
    They got it wrong. The janitors pay should be based o the Presidents pay. The janitors pay should be one tenth of the presidents. So if the president makes $1.000,000, then he get $100K There should be a minimum pay for the janitor, to keep from getting too little.
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      Posted by $ Maphesdus 10 years, 10 months ago
      Too little pay? Who gets to decide what constitutes too little pay? Some politician or bureaucrat? Can we trust them to make wise decisions that apply to all of us?

      The only thing a minimum wage does is raise the cost of labor, thus leading to an increase in the cost of goods, as well as preventing minorities from competing on an economic basis. The amount of money a person earns isn't what matters. What matters is the purchasing power that money has.
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      • Posted by mminnick 10 years, 10 months ago
        I guess I'm going to have to get a sarcasm notation and add it to my posts. It just isn't coming through the written word.
        Taking your comment as straight I agree with you totally. This would lead to either a rising spiral of pay or more likely a falling pattern in pay.
        If everybody's pay is based on the top earner, the people pay the salaries will start to lower the top earners salary. that would lower payroll casts quickly.
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  • Posted by CircuitGuy 10 years, 10 months ago
    I admire the goal, but if prices aren't based on the market, what are they based on? Robbie and DFish say it doesn't quite say "their needs" but that's what the article means when it talks about poverty. So this is almost 20th Centry Motor Crop. It just won't work.
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