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Comment: Re:Long View (Score 1) 471

by sycodon (#49486533) Attached to: Seattle CEO Cuts $1 Million Salary To $70K, Raises Employee Salaries

No, the argument is that people will do what people do, which is increase their expenses as their income increases.

When they have to cut back, they won't, and instead end up on the six o'clock news whining that it's so unfair and that they should get to keep the house they can no longer afford. We've seen this before.

Comment: Re:Long View (Score 2) 471

by sycodon (#49486519) Attached to: Seattle CEO Cuts $1 Million Salary To $70K, Raises Employee Salaries

Start your own company and employee a few hundred people.

Let us know how that turns out. Tell us what skills it took or how it was so easy, a caveman could do it.

You casually dismiss the amount of time and effort that goes into creating a thriving and successful enterprise and almost certainly know nothing about it.

Comment: Re:Let's see how long that lasts (Score 1) 471

by sycodon (#49486005) Attached to: Seattle CEO Cuts $1 Million Salary To $70K, Raises Employee Salaries

More likely that people were being paid the market rate for their skill set.

Now, ALL skill sets pay about the same.

Think about that as you sit there, upgrading a server and looking at the B.S. Degree on your wall that cost you $50k (way back when). The Receptionist is making as much as you do now.

Comment: Long View (Score 4, Interesting) 471

by sycodon (#49485959) Attached to: Seattle CEO Cuts $1 Million Salary To $70K, Raises Employee Salaries

So here you are, a clerk or some other lower on the totem pole individual who is now making $70k. You buy a house, maybe a used car, or the reverse, either way, you increase you expenses because you can. Even frugal people would do it, it's human nature.

So now it's a few years later. The company goes under, you get laid off and you go around looking for a job that pays $70k for doing what you were doing.

None to be had.

Compensation has been commensurate to your skills for hundreds of years. It may suck for the unskilled, but that's what works. For the employer and the employee. You increase your skills, you increase your pay. Do more, get paid more. When everyone makes the same or nearly the same for vastly different levels of skill and effort, then you are headed for trouble in the long term. Just look up the Jamestown Colony and how it worked out for them.

"Oh what wouldn't I give to be spat at in the face..." -- a prisoner in "Life of Brian"

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