- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Waffle House workers are the latest group to strike, requesting $25 per hour
Posted on 10/3/23 at 9:45 am to teke184
Posted on 10/3/23 at 9:45 am to teke184
quote:
Paying someone more because they are worth more is fine.
I thought capitalism defined "worth" as the price at which a good or service is exchanged at?
0
Posted on 10/3/23 at 9:47 am to Nutriaitch
quote:
by the market.
OK. And the "market"? What's that? How come Waffle House employees don't get to be a part of it?
Posted on 10/3/23 at 9:47 am to teke184
quote:
Love you are too fricking incompetent to understand basic economics.
You're right, I need you to explain it to me.
Posted on 10/3/23 at 9:47 am to teke184
quote:
Labor costs, but if you are getting a raise it typically means that you are good enough at your job that productivity is increasing. Paying someone more because they are worth more is fine. Paying someone more just because is a waste of resources
Well productivity is up by A LOT over the past several decades whereas wage growth has been basically nothing in comparison.
So you support virtually every industry in America giving massive raises to account for this productivity increase? This board bitches 10/10 times when employee groups ask for raises.
Posted on 10/3/23 at 9:48 am to JohnnyKilroy
quote:
Well productivity is up by A LOT over the past several decades whereas wage growth has been basically nothing in comparison.
Hold on a second, you're using empirical data. That's not how we do economics! Please stick to the theoretical models full of assumptions, only. Thanks.
Posted on 10/3/23 at 9:51 am to JohnnyKilroy
If you are a key cog who is bringing in major business, asking for a raise is acceptable.
If you are doing monkey work where anyone off the street can come in and do a comparable job, less so.
It is about necessary skills and how that translates to bringing in value.
If the barrier to entry for, say, truck drivers is a Commercial Driver License and potentially endorsements to carry certain kinds of loads (double / triple trailer, hazmat, etc), what is the turnaround time on bringing in someone new who has none of that and getting those things?
Someone with a regular DL is a dime a dozen. CDL? Fewer of them. CDL with hazmat endorsement? Even fewer. And the higher need there is for skill / certification combinations that are harder to get, the ability to name your own wage goes up.
If you are doing monkey work where anyone off the street can come in and do a comparable job, less so.
It is about necessary skills and how that translates to bringing in value.
If the barrier to entry for, say, truck drivers is a Commercial Driver License and potentially endorsements to carry certain kinds of loads (double / triple trailer, hazmat, etc), what is the turnaround time on bringing in someone new who has none of that and getting those things?
Someone with a regular DL is a dime a dozen. CDL? Fewer of them. CDL with hazmat endorsement? Even fewer. And the higher need there is for skill / certification combinations that are harder to get, the ability to name your own wage goes up.
Posted on 10/3/23 at 9:52 am to TDTOM
quote:
quote:
Outback and Olive Garden to nearly disappear from the landscape in the US. They are overpriced, un-edible and the service is LOUSY.
No, they aren't. They are not the best, but their menu is serviceable.
Amost none of them being built in the US and haven't been for about 6 years. The industry was slowing down for about 5-6 years prior to that. There were and are hot markets of course but nationwide the trend has been down since long before COVID...COVID hit the industry very hard.
Posted on 10/3/23 at 9:54 am to Byrdybyrd05
quote:
Employees also want Waffle House to stop taking mandatory meal deductions,
Reasonable
quote:
close during extreme weather conditions
Reasonable
quote:
have 24-hour security for all restaurants.
Reasonable considering their hours of operation and the clientele patronizing the restaurant at night and very early morning.
Posted on 10/3/23 at 9:58 am to teke184
quote:
Labor costs, but if you are getting a raise it typically means that you are good enough at your job that productivity is increasing.
Paying someone more because they are worth more is fine.
Paying someone more just because is a waste of resources.
Paying someone more is one thing, not paying your actual cost of production out of your revenue is a whole other thing...and that is what low wage employers rely on, the taxpayer making up the difference in their production costs between what the employer pays out of revenue and what the actual costs of production is.
Labor is comprised of human beings. We have long ago given up on the concept of placing a market value on human lives except in the case of a tragic accident. If your business model relies on labor then you should foot the cost of your labors production yourself from your businesses revenue. Most employers do this without a second thought. Low wage employers do not...they rely on taxpayers to subsidize their production costs. Why this is acceptable to SO many people who know better is beyond me....
Posted on 10/3/23 at 10:00 am to SpidermanTUba
Government diktat in setting minimum wage is separated from market dictated wages.
The market setting wages based on scarcity and other factors could be seen in hiring in South Louisiana post-Katrina.
Fast food jobs were making $10-15 an hour or more plus signing bonuses / retention bonuses at a time when the minimum wage was $5.15 or so.
The market sets the wage based on conditions. If there aren’t enough people for what is being offered, either wages go up or businesses lean on the government to push more illegals over the border willing to take this jobs.
The market setting wages based on scarcity and other factors could be seen in hiring in South Louisiana post-Katrina.
Fast food jobs were making $10-15 an hour or more plus signing bonuses / retention bonuses at a time when the minimum wage was $5.15 or so.
The market sets the wage based on conditions. If there aren’t enough people for what is being offered, either wages go up or businesses lean on the government to push more illegals over the border willing to take this jobs.
Posted on 10/3/23 at 10:12 am to AwgustaDawg
quote:
and that is what low wage employers rely on
Grown arse men realize there are two ways to increase your value. Training and education.
Progressives applaud unskilled, uneducated lazy arse people who refuse to better themselves and instead hold their breath and cry.
Unskilled, uneducated people have very little economic value. In fact, they have none because they are easily replaceable.
Want a substantial raise? Get off your arse and learn a skill.
Posted on 10/3/23 at 10:26 am to Damone
quote:
Private citizens leveraging their labor for better working conditions from their private employer is doing a communism
No. But paying unskilled, uneducated labor the same as people with a 4 year degree or a trade is. If you think fast food workers should be paid as much as nurses, accountants, engineers, welders, pipe fitters, iron workers etc. then yes, you are doing a communism.
Posted on 10/3/23 at 10:29 am to Damone
quote:
If they can get it, more power to them.
Giving more power to lazy people who refuse to do the things necessary to provide a living isn't worthy of praise.
Automation will replace 90% in a couple of years.
This post was edited on 10/3/23 at 10:32 am
Posted on 10/3/23 at 10:35 am to RogerTheShrubber
quote:
Giving more power to lazy people who refuse to do the things necessary to provide a living isn't worthy of praise.
Why do you call them "lazy" ?
Isn't higher pay one of the things they need to provide a living?
Posted on 10/3/23 at 10:36 am to MRTigerFan
quote:\
No. But paying unskilled, uneducated labor the same as people with a 4 year degree or a trade is. If you think fast food workers should be paid as much as nurses, accountants, engineers, welders, pipe fitters, iron workers etc. then yes, you are doing a communism.
If you think restaurant employees should settle for crap pay just because everyone else does, what kind of "ism" is that?
Posted on 10/3/23 at 10:37 am to SpidermanTUba
WTF? Did they let you out of your padded wall room?
Posted on 10/3/23 at 10:37 am to SpidermanTUba
quote:
Why do you call them "lazy" ?
If they want more money, work for it.
Construction workers make more than Waffle House workers because the work is harder and requires actual skill. Waffle House workers have absolutely no commercial value, which is why their jobs will be non existent in a couple of years.
Holding your breath til you turn blue isn't how grown arse men advance in their careers. They learn, adapt and grow.
Do you whine until you get raises too?
This post was edited on 10/3/23 at 10:38 am
Posted on 10/3/23 at 10:38 am to SpidermanTUba
quote:
Isn't higher pay one of the things they need to provide a living?
Not every job is meant to "earn a living" with. Waffle House worker falls into that category.
Page 7 of 26
Popular
Back to top
Follow TigerDroppings for LSU Football News