Millionaire boss who began paying his employees $70,000 minimum wage is thriving

Pressure

#PanthersPosse
Supporter
Joined
Nov 19, 2016
Messages
46,221
Reputation
6,981
Daps
147,009
Reppin
CookoutGang
People being paid more will increase your business’s bottom line but greedy capitalist focused only on profits refuse to do so... ok guys. :mjlol:

This is probably less of a gotcha for you than whoever tagged you thought.

It's literally the free market dictating worker pay.
 

JLova

Veteran
Supporter
Joined
May 6, 2012
Messages
59,251
Reputation
4,421
Daps
178,825
If I was a billionaire who owned companies I'd do the same thing.
Less Executive pay (including myself), more worker pay.

The Billionaire Socialist lmao.

Same here. How you clearing billions and got mafukkaz making nothing. Companies need to realize, yes....a good working environment and culture, flexibility, etc is nice but fukk all that shyt...employees would gladly trade that for an extra 5-10K/year. shyt just cost more money...folk can't even concentrate on work cuz they got money problems. If I was a billionaire I'd treat my staff very well, because I feel they'd work harder for you and be more loyal.
 

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,941
Reputation
4,411
Daps
89,007
Reppin
Fresno, CA.
If only we all cold be as righteous as this CEO and not seek the highest compensation possible while budgeting to keep our expenses as low as possible.
WNFulGF.png
 

Professor Emeritus

Veteran
Poster of the Year
Supporter
Joined
Jan 5, 2015
Messages
51,330
Reputation
19,692
Daps
203,915
Reppin
the ether
If only we all cold be as righteous as this CEO and not seek the highest compensation possible while budgeting to keep our expenses as low as possible.
WNFulGF.png

"If we could only just normalize people with historically unprecedented amounts of wealth using infinite greed as an excuse not to pay their employees even a living wage."

Oh, wait we already have. :martin:


Historically the average wage was much higher. Historically the minimum wage was much higher. Historically the CEO pay wasn't nearly as out of touch with the worker pay. And in other countries around the world all of those things are STILL not as extreme as they are in America.


So why you keep treating this shyt as if it's natural and unavoidable, when it's so uniquely 21st-century American?
 

Professor Emeritus

Veteran
Poster of the Year
Supporter
Joined
Jan 5, 2015
Messages
51,330
Reputation
19,692
Daps
203,915
Reppin
the ether
So increased pay for those at the top improves the bottom line for reasons that does not apply to those at the bottom? :mjpls:
Said no one...

He's referring to the constant claims made by the wealthy that ridiculous CEO pay is necessary to retain talent and perform as a top company, but then they claim that paying virtually anyone else in the company can only hurt profits.
 

Professor Emeritus

Veteran
Poster of the Year
Supporter
Joined
Jan 5, 2015
Messages
51,330
Reputation
19,692
Daps
203,915
Reppin
the ether
Man, this makes me think of so much other foul shyt.


"How can we not have a system where CEO's get millions while their workers are in poverty? It's inevitable."

"How can we not have 40,000 gun deaths a year? It's inevitable."

"How can we not have school shootings? It's inevitable."

"How can we not have health care rationed out to those with the most money? It's inevitable."

"How can we not have segregated cities with underperforming classrooms? It's inevitable."


Damn near every fukking problem that Americans do worse than the rest of the developed world and we keep pretending it's just human nature and not our own goddamned sins.
 

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,941
Reputation
4,411
Daps
89,007
Reppin
Fresno, CA.
He's referring to the constant claims made by the wealthy that ridiculous CEO pay is necessary to retain talent and perform as a top company, but then they claim that paying virtually anyone else in the company can only hurt profits.
Private companies and/or citizens having to justify to society what they choose to do with their money is ridiculous imo.

...just tax properly and redistribute effectively.


Pushing for effective government >>> this authoritarian nonsense
 

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,941
Reputation
4,411
Daps
89,007
Reppin
Fresno, CA.
"If we could only just normalize people with historically unprecedented amounts of wealth using infinite greed as an excuse not to pay their employees even a living wage."

Oh, wait we already have. :martin:
We already have a government and a system of redistribution in place, if it’s ineffective it should be reformed.
Attacking individuals for not behaving how you believe they should is ridiculous...
... and self righteous.
 
Joined
May 15, 2012
Messages
28,010
Reputation
1,286
Daps
60,666
Reppin
NULL
I grew up in a 5-person family that made less than that (like $11/hour at the time which is around $18-19/hour now) and it was a livable wage. But it depends on a lot of factors. My dad had to move us to a low-cost area so we could do okay on that salary, it was a government job so the insurance was good, my parents were smart with their money, we didn't have any debt, and never had any big tragedy or disaster. And he never lost his job until all us kids were well out of the house.

I think a "living" wage might be anywhere from $12/hour to $25/hour depending on where you live. But the OP was shooting for more than that, he was shooting for an "ideal" wage, one that was best for satisfaction and peace of mind rather than just being enough to get by.

Thats not living what you arr describing thats making ends meet society really got nikkaz beat down
 

Professor Emeritus

Veteran
Poster of the Year
Supporter
Joined
Jan 5, 2015
Messages
51,330
Reputation
19,692
Daps
203,915
Reppin
the ether
Attacking individuals for not behaving how you believe they should is ridiculous...
... and self righteous.
How could anything ever change if we didn't criticize people for their wrong actions? :why:

You straight criticized me for not behaving like you believe I should in that very comment. :skip:



We already have a government and a system of redistribution in place, if it’s ineffective it should be reformed.
Our economic and government system is literally designed to distribute money from the poor TO the wealthy. That's the entire point of an economic system where the money standard is built on loans at interest and the wealthy dominating the means of production. At times in history we've had other competing bodies to at least attempt to slightly neutralize that, but for 40 years both parties have full-on deep-throated the "we must let the market decide" shyt that you preach and given up on redistribution. The rich own the capital, the businesses, and the housing, and through loans, employment, and rent, they do everything possible to ensure that the poor/working/middle class will create wealth for THEM, not for themselves.

And acting like government will do something is bullshyt, extreme economic inequality has placed virtually the entire government into the hands of the wealthy. Now most of our government spending makes RICH people richer, it doesn't redistribute wealth to the poor/working/middle class. Most of our tax policy makes RICH people richer, it doesn't redistribute wealth to the poor/working/middle class. The Fed's entire purpose is to make rich people richer. Wall Street's entire purpose is to make rich people richer (and no industry has nearly as many people cycling through power positions in government and writing government policy as Wall Street has). The Commerce Department is primarily concerned with making rich people richer....as is the Department of Agriculture, as is the Department of Defense, as is Treasury, as is Interior, as is Energy....even the fukking EPA cares more about greasing the rails for corporations than anything else.


At some point rich people are going to realize that fukking up the lives of the 90% is a losing proposition. They're either gonna learn slow (like this guy did, from actually having any semblance of empathy for others) or they're gonna learn real fukking fast. But they are making the world worse for everyone else, it's a social and environmental disaster, it's not sustainable, and that is not even a debate at this point.


I'm going to do my part to keep pointing out how poorly the system is working for too many people in it. Until you learn to reprogram the Randian nonsense that's taken over the brains of the elite, you won't see it.
 

Professor Emeritus

Veteran
Poster of the Year
Supporter
Joined
Jan 5, 2015
Messages
51,330
Reputation
19,692
Daps
203,915
Reppin
the ether
Thats not living what you arr describing thats making ends meet society really got nikkaz beat down
I don't know, I think we were good. We had all our needs met and were leading fulfilling lives, got into good colleges and got the opportunity to do damn near anything we wanted with our life. Not everything that makes life worth living comes from money. I wouldn't trade my childhood for one with more money in it.

But like I said, I was lucky. My parents were very stable, stable job, no health issues, no disasters, and lived in a low-cost area. I think $15-20 can be a living wage for a family only if you're in a low-cost area, have absolutely guaranteed employment, and nothing big goes wrong. But if you're in the city and/or you have to worry about having shyt set aside for being between jobs, you're right that more is probably necessary.
 
Top