Posted on 09/22/2021 5:54:00 AM PDT by napscoordinator
Henry Ford did the same thing years ago - decided he wanted his workers to be able to buy his cars.
It’s a great idea IF done by producers... It’s a horrible idea if done by white liberal/commie ‘elites’ in DC.
Agree.
It is a good story though.
The squeeze on families has to end, or the civilization will end.
Lol. Probably not. Especially since the Haitians just got here.
And they did it without a government mandate
I cannot count the number of times I have been told, yes we know you are working more/harder/better than others in your field but we cannot go over the salary range for that job title and no promotions right now. Pay the workers that produce and fire the ones that don’t. Simple plan that works.
This works so good that it should be mandated that all businesses effectivly double the wage earned by the workers. It worked here so it has to work everywhere else.
(yeah, sounds like BS when you say it that way, huh?)
I pay a part time assistant $25.00 per hour for essentially low skill, admin sort of work. But, I get absolute loyalty, responsibility, reliability and a perfect attitude in return.
“You get what you pay for”................as the saying goes.
As I recall, the company went bankrupt shortly after they began giving away money in a dismal but predictable failure
Had a conversation alone those lines once.
Was told “Yes, we could pay you more. But that is a big cost that never ends. What will we do when the market goes down? Red, just accept you are at the top end of your Hay grade. Maybe we can give out bonuses again sometime.”
Left that job.
I smell Pelosi Math. Average wage increase of $35,000 x 120 employees = $4,200,000. He is one special CEO if he can offset that by trimming back his $1,000,000 salary. Sounds like he might be stealing from the company’s owners.
Most business models cannot afford these types of across-the-board increases. The market is to decide.
This is a ‘service’ business; they don’t make anything. Credit card processing has less Cost of Goods production cost. Takes 2-3% of whatever money goes from one hand to another.
Look at Square Up, Jack Dorsey. Similar business, similar profits.
I had also heard that he did that to prevent absenteeism. If you built cars the old way and only three quarters of the employees show up on Monday then you build three quarters the number of cars for the day. On an assembly line if you have 25% absent you might not be able to build any cars.
All those pregnancies must have impacted the company since maternity leave was no doubt involved.
Staring wage was 35K, I assume most made more than that.
The families is a big thing.
Today it takes well into your 30s for most people to have a career stable enough to have kids. That’s one reason birth rates have collapsed.
The CEO is a fraud. He reduced his net profits by paying extra to employees. Why? He has to pay royalties to his brother out of the profits. He’s doing this to screw over his brother and not make the payments. He went straight to the media to sell his selfless act as a defense against his brother.
My favorite Ford story is he wanted his executives to come up with a way to make cars ‘NOT BLACK’... they had assured him it wasn’t possible.
So he called a meeting at his private home - where they once again went over all the reasons ‘color’ wasn’t possible. While the four hour meeting droned on Ford had a bunch of workers paint the executive’s black cars with red finger nail polish...
Feel good, indeed, but it only works as long as those employers doing likewise remain a small minority.
Thanks to Bidenflation, pretty soon, all those who are still employed will be making $70,000 per year.
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