Current Events > productivity vs Minimum Wage

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CobraGT 03/12/21 4:49:01 PM #1:	https://twitter.com/EconomicPolicy/status/1112772303543304193?s=20 https://t.co/Zh5n46EfPQ?amp=1 and for CE'rs who only read when a name brand says it. https://twitter.com/AOC/status/1100526558442414080?s=20 Not forgetting Ivanka fans https://twitter.com/AOC/status/1100525288126058498?s=20 --- GoldenSun/Crossbone Isle diagrams/ 18 teams known https://photobucket.com/u/SwordOfWheat/a/9990a2ee-25f3-4242-ae79-7d2d4b882be4 <cite>CobraGT posted [p:951645019] in productivi... [t:79345469]...</cite> <quote>https://twitter.com/EconomicPolicy/status/1112772303543304193?s=20 https://t.co/Zh5n46EfPQ?amp=1 and for CE'rs who only read when a name brand says it. https://twitter.com/AOC/status/1100526558442414080?s=20 Not forgetting Ivanka fans https://twitter.com/AOC/status/1100525288126058498?s=20 </quote> ... Copied to Clipboard!
Questionmarktarius 03/12/21 4:53:41 PM #2:	<cite>Questionmarktarius posted [p:951645153] in productivi... [t:79345469]...</cite> <quote> </quote> ... Copied to Clipboard!
Broseph_Stalin 03/12/21 5:14:58 PM #3:	FYI those huge gains you see from the rich in overall income distribution are largely the result of their income not being taxed before 1979, and thus not being counted as income. So imagine you make $50k one year but half of that isn't actually considered income because of tax loopholes. The next year you also make $50k but now those loopholes are gone and all $50k is considered taxable income. According to the data, you doubled your income without any actual income gains at all. So the gains from the wealthy aren't actually high at all: http://davidsplinter.com/AutenSplinter-Tax_Data_and_Inequality.pdf <cite>Broseph_Stalin posted [p:951645837] in productivi... [t:79345469]...</cite> <quote>FYI those huge gains you see from the rich in overall income distribution are largely the result of their income not being taxed before 1979, and thus not being counted as income. So imagine you make $50k one year but half of that isn't actually considered income because of tax loopholes. The next year you also make $50k but now those loopholes are gone and all $50k is considered taxable income. According to the data, you doubled your income without any actual income gains at all. So the gains from the wealthy aren't actually high at all: http://davidsplinter.com/AutenSplinter-Tax_Data_and_Inequality.pdf </quote> ... Copied to Clipboard!
Questionmarktarius 03/12/21 5:16:29 PM #4:	Broseph_Stalin posted... FYI those huge gains you see from the rich in overall income distribution are largely the result of their income not being taxed before 1979, and thus not being counted as income. source? <cite>Questionmarktarius posted [p:951645894] in productivi... [t:79345469]...</cite> <quote>Broseph_Stalin posted... </cite> <quote>FYI those huge gains you see from the rich in overall income distribution are largely the result of their income not being taxed before 1979, and thus not being counted as income.</quote>source? </quote> ... Copied to Clipboard!
CommonJoe 03/12/21 5:17:37 PM #5:	Water = wet. --- I shouldnt be approaching 30 and preparing for life as a climate refugee. <cite>CommonJoe posted [p:951645925] in productivi... [t:79345469]...</cite> <quote>Water = wet. </quote> ... Copied to Clipboard!
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Questionmarktarius 03/12/21 5:18:52 PM #7:	shockthemonkey posted... But if the minimum wage goes up then how can small business owners exploit their workers? Exploit workers in Mexico or Bangladesh instead. <cite>Questionmarktarius posted [p:951645962] in productivi... [t:79345469]...</cite> <quote>shockthemonkey posted... </cite> <quote>But if the minimum wage goes up then how can small business owners exploit their workers?</quote>Exploit workers in Mexico or Bangladesh instead. </quote> ... Copied to Clipboard!
Broseph_Stalin 03/12/21 5:19:36 PM #8:	Questionmarktarius posted... source? Broseph_Stalin posted... http://davidsplinter.com/AutenSplinter-Tax_Data_and_Inequality.pdf <cite>Broseph_Stalin posted [p:951645988] in productivi... [t:79345469]...</cite> <quote>Questionmarktarius posted... </cite> <quote>source?</quote> Broseph_Stalin posted... </cite> <quote>http://davidsplinter.com/AutenSplinter-Tax_Data_and_Inequality.pdf</quote> </quote> ... Copied to Clipboard!
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Squall28 03/12/21 5:22:00 PM #10:	Productivity gains are from automation and process improvements. Workers are not 246.3% more efficient because they got better. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:951646061] in productivi... [t:79345469]...</cite> <quote>Productivity gains are from automation and process improvements. Workers are not 246.3% more efficient because they got better. </quote> ... Copied to Clipboard!
IMNOTRAGED 03/12/21 5:27:46 PM #11:	Squall28 posted... Productivity gains are from automation and process improvements. Workers are not 246.3% more efficient because they got better. I mean the CEOs didn't get any better at CEO'ing either and yet --- https://imgur.com/kkm3QaD "Be ruthless with systems; be kind to people." <cite>IMNOTRAGED posted [p:951646254] in productivi... [t:79345469]...</cite> <quote>Squall28 posted... </cite> <quote>Productivity gains are from automation and process improvements. Workers are not 246.3% more efficient because they got better.</quote> I mean the CEOs didn't get any better at CEO'ing either and yet </quote> ... Copied to Clipboard!
Squall28 03/12/21 5:29:04 PM #12:	IMNOTRAGED posted... I mean the CEOs didn't get any better at CEO'ing either and yet Yeah they're terrible. I'm all in favor of docking their salary and giving it to people lower in the chain --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:951646298] in productivi... [t:79345469]...</cite> <quote>IMNOTRAGED posted... </cite> <quote>I mean the CEOs didn't get any better at CEO'ing either and yet</quote> Yeah they're terrible. I'm all in favor of docking their salary and giving it to people lower in the chain </quote> ... Copied to Clipboard!
Blue_Dream87 03/12/21 5:32:18 PM #13:	Squall28 posted... Yeah they're terrible. I'm all in favor of docking their salary and giving it to people lower in the chain Sir, that sounds mighty socialist right there --- <cite>Blue_Dream87 posted [p:951646393] in productivi... [t:79345469]...</cite> <quote>Squall28 posted... </cite> <quote>Yeah they're terrible. I'm all in favor of docking their salary and giving it to people lower in the chain</quote> Sir, that sounds mighty socialist right there </quote> ... Copied to Clipboard!
Questionmarktarius 03/12/21 5:34:29 PM #14:	Squall28 posted... I'm all in favor of docking their salary and giving it to people lower in the chain If the McDonald's CEO's salary was annihilated and distributed to McDonalds employees, they'd all get about four dollars and some change. Obliterate the CEO's stock options and other sweet deals as well, and the employees get $26.14. Wooo! https://www.mashed.com/351286/how-rich-is-the-mcdonalds-ceo-and-whats-the-average-pay-of-his-employees/ https://www.macrotrends.net/stocks/charts/MCD/mcdonalds/number-of-employees <cite>Questionmarktarius posted [p:951646472] in productivi... [t:79345469]...</cite> <quote>Squall28 posted... </cite> <quote>I'm all in favor of docking their salary and giving it to people lower in the chain</quote>If the McDonald's CEO's salary was annihilated and distributed to McDonalds employees, they'd all get about four dollars and some change. Obliterate the CEO's stock options and other sweet deals as well, and the employees get $26.14. Wooo! https://www.mashed.com/351286/how-rich-is-the-mcdonalds-ceo-and-whats-the-average-pay-of-his-employees/ https://www.macrotrends.net/stocks/charts/MCD/mcdonalds/number-of-employees </quote> ... Copied to Clipboard!
Squall28 03/12/21 5:35:31 PM #15:	Blue_Dream87 posted... Sir, that sounds mighty socialist right there It's not socialist if you dock their pay before paying it. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:951646512] in productivi... [t:79345469]...</cite> <quote>Blue_Dream87 posted... </cite> <quote>Sir, that sounds mighty socialist right there</quote> It's not socialist if you dock their pay before paying it. </quote> ... Copied to Clipboard!
Squall28 03/12/21 5:37:16 PM #16:	Questionmarktarius posted... If the McDonald's CEO's salary was annihilated and distributed to McDonalds employees, they'd all get about four dollars and some change. Obliterate the CEO's stock options and other sweet deals as well, and the employees get $26.14. Wooo! https://www.mashed.com/351286/how-rich-is-the-mcdonalds-ceo-and-whats-the-average-pay-of-his-employees/ https://www.macrotrends.net/stocks/charts/MCD/mcdonalds/number-of-employees It doesn't have to be just the CEO. There are tons of executives and managers that are overpaid. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:951646578] in productivi... [t:79345469]...</cite> <quote>Questionmarktarius posted... </cite> <quote>If the McDonald's CEO's salary was annihilated and distributed to McDonalds employees, they'd all get about four dollars and some change. Obliterate the CEO's stock options and other sweet deals as well, and the employees get $26.14. Wooo! https://www.mashed.com/351286/how-rich-is-the-mcdonalds-ceo-and-whats-the-average-pay-of-his-employees/ https://www.macrotrends.net/stocks/charts/MCD/mcdonalds/number-of-employees</quote> It doesn't have to be just the CEO. There are tons of executives and managers that are overpaid. </quote> ... Copied to Clipboard!
Questionmarktarius 03/12/21 5:40:43 PM #17:	Squall28 posted... It doesn't have to be just the CEO. There are tons of executives and managers that are overpaid. Looks like there's eight C-level positions. Liquidate them all, assuming they all get the same base salary and bennies, and each employee pockets about $66-$210. That doesn't seem likely to solve poverty or wage-slavery. https://www.hierarchystructure.com/mcdonalds-company-hierarchy/ <cite>Questionmarktarius posted [p:951646693] in productivi... [t:79345469]...</cite> <quote>Squall28 posted... </cite> <quote>It doesn't have to be just the CEO. There are tons of executives and managers that are overpaid.</quote>Looks like there's eight C-level positions. Liquidate them all, assuming they all get the same base salary and bennies, and each employee pockets about $66-$210. That doesn't seem likely to solve poverty or wage-slavery. https://www.hierarchystructure.com/mcdonalds-company-hierarchy/ </quote> ... Copied to Clipboard!
Squall28 03/12/21 5:59:30 PM #18:	Questionmarktarius posted... Looks like there's eight C-level positions. Liquidate them all, assuming they all get the same base salary and bennies, and each employee pockets about $66-$210. That doesn't seem likely to solve poverty or wage-slavery. https://www.hierarchystructure.com/mcdonalds-company-hierarchy/ Doesn't have to be c level positions either. I'll use my first job as an example. We have the factory. People in charge of actually building units get a varying amount of hourly pay. Then we have the administration that governs them. Engineers, analysts, mangers, etc. Some of these people are fantastic. They help the company make millions. Others are not only useless, their combination of stupidity and passion screws up the company. Those guys should flat out be fired and their salary distributed. Then we go up a level. Directors. Most directors I've worked with don't know shit about anything. They'll pass down dumb initiatives that don't really accomplish anything, and the teams have to Frankenstein some bullshit to appease them. Then we get into VPs and I'll add C level executives there, and frankly, I don't understand what the hell they even do. We'll get some vague mission statement from them once in a while. They may layoff people and screw over departments. They'll slash RD of a fucking tech company and doom us for the future. Their seat can be vacant for months, and we won't even notice. Meanwhile, the wheels start falling off the truck when certain lower level employees take PTO. And I'm not arguing that this would solve poverty. I'm just saying the salary structure doesn't necessarily reflect value to the company. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:951647241] in productivi... [t:79345469]...</cite> <quote>Questionmarktarius posted... </cite> <quote>Looks like there's eight C-level positions. Liquidate them all, assuming they all get the same base salary and bennies, and each employee pockets about $66-$210. That doesn't seem likely to solve poverty or wage-slavery. https://www.hierarchystructure.com/mcdonalds-company-hierarchy/</quote> Doesn't have to be c level positions either. I'll use my first job as an example. We have the factory. People in charge of actually building units get a varying amount of hourly pay. Then we have the administration that governs them. Engineers, analysts, mangers, etc. Some of these people are fantastic. They help the company make millions. Others are not only useless, their combination of stupidity and passion screws up the company. Those guys should flat out be fired and their salary distributed. Then we go up a level. Directors. Most directors I've worked with don't know shit about anything. They'll pass down dumb initiatives that don't really accomplish anything, and the teams have to Frankenstein some bullshit to appease them. Then we get into VPs and I'll add C level executives there, and frankly, I don't understand what the hell they even do. We'll get some vague mission statement from them once in a while. They may layoff people and screw over departments. They'll slash RD of a fucking tech company and doom us for the future. Their seat can be vacant for months, and we won't even notice. Meanwhile, the wheels start falling off the truck when certain lower level employees take PTO. And I'm not arguing that this would solve poverty. I'm just saying the salary structure doesn't necessarily reflect value to the company. </quote> ... Copied to Clipboard!
Questionmarktarius 03/12/21 6:08:47 PM #19:	Squall28 posted... Others are not only useless, their combination of stupidity and passion screws up the company. Those guys should flat out be fired and their salary distributed. If a middle-management purge were meaningful for companies, those positions would have vanished in the 80s. <cite>Questionmarktarius posted [p:951647485] in productivi... [t:79345469]...</cite> <quote>Squall28 posted... </cite> <quote>Others are not only useless, their combination of stupidity and passion screws up the company. Those guys should flat out be fired and their salary distributed.</quote>If a middle-management purge were meaningful for companies, those positions would have vanished in the 80s. </quote> ... Copied to Clipboard!
Squall28 03/12/21 6:32:28 PM #20:	Questionmarktarius posted... If a middle-management purge were meaningful for companies, those positions would have vanished in the 80s. I'm not asking for all middle management to be purged. I'm just acknowledging that some employees are more roadblocks than resources. And the office environment is filled with politics and bureaucracy. It's not some efficient machine that automatically eliminates useless shit. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:951648235] in productivi... [t:79345469]...</cite> <quote>Questionmarktarius posted... </cite> <quote>If a middle-management purge were meaningful for companies, those positions would have vanished in the 80s.</quote> I'm not asking for all middle management to be purged. I'm just acknowledging that some employees are more roadblocks than resources. And the office environment is filled with politics and bureaucracy. It's not some efficient machine that automatically eliminates useless shit. </quote> ... Copied to Clipboard!
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Current Events > productivity vs Minimum Wage