Should salaries be capped?

[Al_Masetti]

Why would that be a bad thing? After all, lawyers create nothing new in the economy, they just redistribute what others have earned.

And whilst at the same time, taking one-third 33.333%, for those in Rio Linda ] for themselves.

 

[vern_humphrey]

(And to this Vern will reply: “Well, you’ve slung mud at CEOs!” I’ll save him the trouble by saying no, not true; I’ve suggested that CEOs and others be paid proportionate to what they pay their employees. And I don’t recall attacking any poster in this forum.)

The old “He didn’t actually do it, but I** think **he’d do it, so he’s guilty” ploy, eh?

Perhaps rational, responsible and gentlemanly discussion is simply impossible in an open forum, even a Catholic one. I am greived.

And also guilty of what you accuse others of doing.

 

[goofyjim]

There should be no caps on salaries. Likewise there should be no cap to the amount of hourly wage one can earn working the lower levels. The longer they stay at a job the more they deserve with automatic increases for good behavior. My case in point is that foolish company Circuit City which laid off the hire paid salespeople a year ago. What a stupid unfair move and I wish every company that did that would eventually go under.

 

[BamaRider]

There should be no caps on salaries. Likewise there should be no cap to the amount of hourly wage one can earn working the lower levels. The longer they stay at a job the more they deserve with automatic increases for good behavior. My case in point is that foolish company Circuit City which laid off the hire paid salespeople a year ago. What a stupid unfair move and I wish every company that did that would eventually go under.

Well I agree with no salary caps for ANYONE, but a guy gets automatic raise for just having a pulse? Reagardless how prouductive he mighta been the last 12 months? Ain’t that what union contracts do? I don’t have a problem with that, but I don’t wanna hear how this guy got the same raise as me, while I made a 1000 widgets and he made 300. In this case your raise is whatever the union can negoitate for ya. Some good, some bad in that equation. You have a little security, but you can never “work” YOURSELF into a raise that is not oversighted by the contract.

Can you imagine the gnashing of teeth in a union shop if a very productive employee was wanded a 10% raise for performance, when no such clause in the contract exits for such a raise?

If longevity pay can be won stacked on incentive and production raises, all well and good. But I dunno, I don’t even think the UAW has that deal anymore?

I don’t think raises based on just coming to work and breathing are good business, but whatever 2 parties agree to in a contract not anyone’s business.

I’m not sure I follow ya, they layed off the hired salespeople? In lieu of what? They no longer have sales people on the floor?

 

[goofyjim]

Well I agree with no salary caps for ANYONE, but a guy gets automatic raise for just having a pulse? Reagardless how prouductive he mighta been the last 12 months? Ain’t that what union contracts do? I don’t have a problem with that, but I don’t wanna hear how this guy got the same raise as me, while I made a 1000 widgets and he made 300. In this case your raise is whatever the union can negoitate for ya. Some good, some bad in that equation. You have a little security, but you can never “work” YOURSELF into a raise that is not oversighted by the contract.

Can you imagine the gnashing of teeth in a union shop if a very productive employee was wanded a 10% raise for performance, when no such clause in the contract exits for such a raise?

If longevity pay can be won stacked on incentive and production raises, all well and good. But I dunno, I don’t even think the UAW has that deal anymore?

I don’t think raises based on just coming to work and breathing are good business, but whatever 2 parties agree to in a contract not anyone’s business.

I’m not sure I follow ya, they layed off the hired salespeople? In lieu of what? They no longer have sales people on the floor?

It was a typo. They laid off the higher paid employees in an attempt to cut payroll costs. Of course they shot themselves in the foot because that meant getting rid of more knowledgeable salespeople and therefore a lack of confidence on the part of the consumer to shop there. They deserve it. If we can’t cap salaries of the executives, and we shouldn’t, then they should let the lower paid people keep increasing their pay as well. Otherwise there is never a way to get ahead. Those executives should realize that without the people down below they would have no income either.

 

[consumedconvert]

It was a typo. They laid off the higher paid employees in an attempt to cut payroll costs. Of course they shot themselves in the foot because that meant getting rid of more knowledgeable salespeople and therefore a lack of confidence on the part of the consumer to shop there. They deserve it. If we can’t cap salaries of the executives, and we shouldn’t, then they should let the lower paid people keep increasing their pay as well. Otherwise there is never a way to get ahead. Those executives should realize that without the people down below they would have no income either.

Of course your suggestion is unenforcable, unless salaries at the top and bottom are linked.

 

[goofyjim]

Of course your suggestion is unenforcable, unless salaries at the top and bottom are linked.

We’ve organized boycotts based on moral practices why not boycott Circuit City when they do such things? Then they would feel the pinch and change behavior as well. I’ve already begun. I haven’t stepped foot into a CC store since they did that.

 

[consumedconvert]

We’ve organized boycotts based on moral practices why not boycott Circuit City when they do such things? Then they would feel the pinch and change behavior as well. I’ve already begun. I haven’t stepped foot into a CC store since they did that.

Good idea. But I doubt boycotts based on economic practices will catch on. They won’t feel it, I’m afraid, and the same junk will continue market-wide.

 

[estesbob]

We’ve organized boycotts based on moral practices why not boycott Circuit City when they do such things? Then they would feel the pinch and change behavior as well. I’ve already begun. I haven’t stepped foot into a CC store since they did that.

How about all the other employees at Circuit Citythat would be put on the street if you boycott with successful?

By the way Jim I really wish you’d come speak to my staff,. I once agan broached the subject of capping their salaries. They didn’t think it was a very good idea.

 

[consumedconvert]

How about all the other employees at Circuit Citythat would be put on the street if you boycott with successful?

By the way Jim I really wish you’d come speak to my staff,. I once agan broached the subject of capping their salaries. They didn’t think it was a very good idea.

Tell them the idea of linking your salary to theirs, and I bet they’d be more favorable

 

[goofyjim]

How about all the other employees at Circuit Citythat would be put on the street if you boycott with successful?

By the way Jim I really wish you’d come speak to my staff,. I once agan broached the subject of capping their salaries. They didn’t think it was a very good idea.

Then why boycott any company? You might be putting many good people out of work. Noone ever considers that when they are on the moral bandwagon, against Ford for example.

 

[estesbob]

Tell them the idea of linking your salary to theirs, and I bet they’d be more favorable

They might think tha is a good idea now but they would not have gone for it when I started the business.

 

[Engineer1]

I’m surprised no one has said this…

Telling private citizens and companies held by private citizens what they can pay their employees is a gross infringement on freedom…

…and blatantly un-American.

If this is the sort of country you’d like to live in…mayhaps I could suggest Chavez’ Venezula…

 

[vern_humphrey]

I’m surprised no one has said this…

Telling private citizens and companies held by private citizens what they can pay their employees is a gross infringement on freedom…

…and blatantly un-American.

If this is the sort of country you’d like to live in…mayhaps I could suggest Chavez’ Venezula…

It seems there are two kinds of people – those smart enough to make money, and those smart enough to tell the money makers what they must do with it (even if not able to make money themselves.)

 

[consumedconvert]

I’m surprised no one has said this…

Telling private citizens and companies held by private citizens what they can pay their employees is a gross infringement on freedom…

…and blatantly un-American.

If this is the sort of country you’d like to live in…mayhaps I could suggest Chavez’ Venezula…

Am I correct in inferring that you would rather do away with minimum wage controls?

By all means, let’s go back to Dickens London! Woo-hoo!

 

[consumedconvert]

It seems there are two kinds of people – those smart enough to make thoughtful comments, and those smart enough to do nothing but be obnoxious to other people (even if not able to make thoughtful comments themselves.)

I agree completely, Vern.

Oh wait, did I misquote?

 

[BamaRider]

Am I correct in inferring that you would rather do away with minimum wage controls?

Ok I’ll bite on this premise

I’m gonna assume you think minimum wage is a good thing, and protects workers from being exploited by evil corporations. OK, I’m with ya. Where is the cut off point? If 8 is good, then surely 10 is better, but no need to deprive the masses, lets just make it 20! Then all libs can feel warm and fuzzy!

What do YOU wanna pay the cart guy at Wal Mart? The burger flipper at Mcdonalds? Tell us what YOU think those jobs are worth? I say let the market determine who gets paid what.

If you have a skill 40 million guys can do, you’re prolly not gonna make much (burger flipper) BUT if you have the ability to hit a 100 mph fastball safely to the tune of 3.5 out of 10 times, you’re on your way to about 10 mil a year! Why? Because only a handful of guys in the world can do it.

 

[estesbob]

Ok I’ll bite on this premise

I’m gonna assume you think minimum wage is a good thing, and protects workers from being exploited by evil corporations. OK, I’m with ya. Where is the cut off point? If 8 is good, then surely 10 is better, but no need to deprive the masses, lets just make it 20! Then all libs can feel warm and fuzzy!

What do YOU wanna pay the cart guy at Wal Mart? The burger flipper at Mcdonalds? Tell us what YOU think those jobs are worth? I say let the market determine who gets paid what.

If you have a skill 40 million guys can do, you’re prolly not gonna make much (burger flipper) BUT if you have the ability to hit a 100 mph fastball safely to the tune of 3.5 out of 10 times, you’re on your way to about 10 mil a year! Why? Because only a handful of guys in the world can do it.

One should look into the orgins of minimum wage-its origianl purpose was to keep blakck out of the job market. it does that even today-with every increase in mimimum wage the employment level of Black teens drops.

The truth is in the majority of industry’s you cant get good poeple for anything near the minimum wage. My lowest paid mployees make double it.

 

[stinkcat_14]

I say let the market determine who gets paid what.

So you would be against any government policy that artifically props up anyone’s salary? For example, would you agree that mortgage interest deduction should be eliminated because it increases the demand for new housing and therefore increases the demand for workers and increases their salary? What about the price of sugar, should that be determined by the market? Or should we have trade restrictions on sugar that prop up the income of the few? If we really want the market to determine the wage rate, then we should get rid of all government programs that affect wages, not just the one with the smallest impact.

 

[consumedconvert]

One should look into the orgins of minimum wage-its origianl purpose was to keep blakck out of the job market. it does that even today-with every increase in mimimum wage the employment level of Black teens drops.

Can you cite evidence here?

The truth is in the majority of industry’s you cant get good poeple for anything near the minimum wage. My lowest paid mployees make double it.

THen why get rid of it? It it only protects relatively few wage earners, fine; its still protecting someone. There are employers out there who would pay slave wages if they could, though hopefully not many.