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re: Is Gen Z etc totally out of touch about salaries?
Posted on 5/23/22 at 10:11 am to Korkstand
Posted on 5/23/22 at 10:11 am to Korkstand
quote:
n his business model needs adjusting.
You're living in 2016. Businesses are shutting down or limiting production because of the price shocks and shortages.
he's better off hiring temp help or limiting production than he is losing money. There is no future to count on right now.
This post was edited on 5/23/22 at 10:12 am
1
Posted on 5/23/22 at 10:13 am to Ingeniero
quote:
until it decides you need to pay people more.
What happens if your yard guy doubles his rate?
Posted on 5/23/22 at 10:15 am to sgallo3
quote:
how much do you expect people making 30k a year paying $1400 a month in rent
You get room mates. You also dont have you have gaming devices and the games that go with them. You eat in and either learn to cook or heat something up. In other words. Dont spend money on other useless crap like brand named clothes and shoes. Maybe then they will have extra money to invest in their 401k
Posted on 5/23/22 at 10:15 am to RogerTheShrubber
quote:
What happens if your yard guy doubles his rate?
You pay what he demands, find a new yard guy willing to do it for less, or do it yourself
sounds like OP's yard guy went up on prices. He's trying to do option #2 right now, but it looks like he'll be cutting his own grass if he doesn't find someone soon.Posted on 5/23/22 at 10:17 am to Ingeniero
quote:
You pay what he demands, find a new yard guy willing to do it for less, or do it yourself
There you go.
You, like everyone else would look for something less expensive. Just like the OP.
Even populists get it right once in a while.
Posted on 5/23/22 at 10:20 am to RogerTheShrubber
quote:
There you go.
You, like everyone else would look for something less expensive. Just like the OP.
Except OP is bitching that no one's coming to cut his yard even though he gives him a free bottle of water and sunscreen when he comes by. Sounds like it's time to pay the lawn guy or go buy a Toro
Posted on 5/23/22 at 10:20 am to Greenie10
OP has a point, but realistically the $15/hr wage is too low. That's $1200 every 2 weeks, and a take home check of approx. $980. That's not even including if he has to contribute some $$ for the 401K. That $980 paycheck could easily become a $900 check or $1800 monthly. For a full time job that will be very sacrificing.
I would say to be fair, pay at least $22/hr. Times have changed and everything is expensive nowadays.
I would say to be fair, pay at least $22/hr. Times have changed and everything is expensive nowadays.
Posted on 5/23/22 at 10:25 am to Palomitz
quote:Take into account that rent in Houston averages a little over $1200.
That $980 paycheck could easily become a $900 check or $1800 monthly. For a full time job that will be very sacrificing.
So, right off the bat, the worker is expected to take home only $600 a month.
The OP needs to pay more. Take into account how much it costs to live in the area you are hiring.
Posted on 5/23/22 at 10:25 am to RogerTheShrubber
quote:
You, like everyone else would look for something less expensive. Just like the OP.
I do not fault the OP for trying to hire labor as cheaply as he can.
At some point, if he can't find someone willing to work at that wage... he will need to either raise the wage or do without. Both are acceptable options.
If he can do without, then I wonder why he needs the employee in the first place.
So then the question becomes - will his clients (internal or extenal) accept the delays, etc because they are doing without?
Every night I pass the taco bell, McDonalds, etc by my house, and there is a closed lobby, and a drive thru line out to the street.
McDonalds has signs advertising $11 to start. A few months ago, they had signs advertising $10 to start.
Clearly $11 is not brining in the necessary labor.
But if the customers are willing to wait in line, and it's not impacting McDonald's revenue... why should they offer higher wages?
Posted on 5/23/22 at 10:26 am to The Spleen
quote:
But my opinion is there also needs to be a correction in executive compensation. It can be pretty demoralizing for a lower wage employee to see his/her paltry annual raises, while another executive that performed poorly is given a golden parachute just to leave.
It's a problem when the middle class sees their earnings drop while CEO pay skyrockets.
Posted on 5/23/22 at 10:28 am to greygoose
quote:
Businesses are forced to pay more to everyone due to rising costs and the competitive job market.
quote:
How did we have record employment just 3 years ago, and now there is a massive labor shortage and record inflation?
You've answered your own question.
Posted on 5/23/22 at 10:29 am to wadewilson
Got to keep the bigwigs happy.
Posted on 5/23/22 at 10:30 am to Korkstand
quote:The market is "retarded". It is a mess. The supply chain is a disaster. Workers were paid extensively to stay at home instead of returning to the workplace. Inflation is killing the working class. The Fed is a tinkering timebomb. The market is retarded indeed.
Instead of fixing it he's here calling the market retarded.
However, should a bluecollar worker step out of HS and the next day draw in 20+/hr +bene's right off the bat for a position that requires very little to master? Some here seem to feel that person should immediately be able to buy a house, or live by himself in a $1500/m apt. That is an awfully lofty expectation.
Posted on 5/23/22 at 10:30 am to wadewilson
quote:
CEO pay skyrockets.
They aren't getting cash.
CEO compensation isn't coming from the same labor pool as your paycheck for the most part.
Posted on 5/23/22 at 10:32 am to LSUFanHouston
quote:
If he can do without, then I wonder why he needs the employee in the first place.
He doesn't need the employee because that workload is just going to fall onto a mid-level salaried employee.
Posted on 5/23/22 at 10:34 am to LSUFanHouston
quote:
But if the customers are willing to wait in line, and it's not impacting McDonald's revenue... why should they offer higher wages?
Well, whats happening right now is companies that can't pay enough to support their business and are either limiting business or shutting doors. Some businesses have been shut down or limited the past few years and are unable to gear up, that's what is hurting the economy.
Both parties have a right to do whats best for themselves. Businesses would be dumb to operate at a loss right now though.
McDonalds just automated. They don't need as many employees as they did.
Posted on 5/23/22 at 10:35 am to RogerTheShrubber
quote:
They aren't getting cash.
CEO compensation isn't coming from the same labor pool as your paycheck for the most part.
Oh yeah, it's heavily manipulated. They're paid in stocks. They borrow money to pay expenses. They have plenty of ways to dodge taxes.
However you cut it, the amount of money execs make today vs 20 years ago has risen exponentially.
Posted on 5/23/22 at 10:36 am to La Place Mike
quote:
Maybe then they will have extra money to invest in their 401k
They don't care about 401k or medical. Employers that aren't required to offer insurance should cut it, add wages to base pay for them.
Posted on 5/23/22 at 10:38 am to RogerTheShrubber
quote:You just went over 99% of the Zoomer's heads.
They aren't getting cash.
CEO compensation isn't coming from the same labor pool as your paycheck for the most part.
Posted on 5/23/22 at 10:39 am to RogerTheShrubber
(no message)
This post was edited on 8/26/22 at 3:38 pm
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