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(The Hill)   Remember that CEO who cut his own salary so his employees could all make $70K? It's been 6 years, let's see how they're doing...oh my   (thehill.com) divider line
    More: Followup, Employment, Minimum wage, Wage, Fox News, Dan Price, News broadcasting, minimum wage, Democratic senators call  
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3517 clicks; posted to Business » on 17 Apr 2021 at 10:54 AM (3 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



38 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-04-17 7:56:47 AM  
 
2021-04-17 8:01:07 AM  
It's cool how they expanded to a lower cost area with the same minimum wage.  I wonder if that's causing Seattle folks to be annoyed?
 
2021-04-17 8:07:23 AM  

trega99: It's cool how they expanded to a lower cost area with the same minimum wage.  I wonder if that's causing Seattle folks to be annoyed?


I'm sure if they want, hey can transfer to Boise.   As if anyone wants to love in Idaho.
 
2021-04-17 8:58:06 AM  

BizarreMan: trega99: It's cool how they expanded to a lower cost area with the same minimum wage.  I wonder if that's causing Seattle folks to be annoyed?

I'm sure if they want, hey can transfer to Boise.   As if anyone wants to live, love, laugh, in Idaho.


fixed it for you
 
2021-04-17 9:21:37 AM  
Yo, they hiring?
 
2021-04-17 11:03:32 AM  

TaDu: BizarreMan: trega99: It's cool how they expanded to a lower cost area with the same minimum wage.  I wonder if that's causing Seattle folks to be annoyed?

I'm sure if they want, hey can transfer to Boise.   As if anyone wants to live, love, laugh, in Idaho.

fixed it for you


How about if I just laugh and love, and then GTFO of Idaho and go home?
 
2021-04-17 11:05:02 AM  

TaDu: BizarreMan: trega99: It's cool how they expanded to a lower cost area with the same minimum wage.  I wonder if that's causing Seattle folks to be annoyed?

I'm sure if they want, hey can transfer to Boise.   As if anyone wants to live, love, laugh, in Idaho.

fixed it for you


Is that the one where they end up shooting the toaster?
 
2021-04-17 11:19:38 AM  

Marcus Aurelius: TaDu: BizarreMan: trega99: It's cool how they expanded to a lower cost area with the same minimum wage.  I wonder if that's causing Seattle folks to be annoyed?

I'm sure if they want, hey can transfer to Boise.   As if anyone wants to live, love, laugh, in Idaho.

fixed it for you

Is that the one where they end up shooting the toaster?


Decepticons are everywhere, man!
 
2021-04-17 11:26:45 AM  
Sounds like communism!
 
2021-04-17 11:29:35 AM  
Soylent Green employees are people!!!

I know this gets mentioned in every thread about this guy but it shouldn't be a surprise to anyone that his company is taking off like this.  Make it so your employees want to work for you, and they'll *work* for you.
 
2021-04-17 11:36:10 AM  
This is a story President Biden should share on his nightly News From Washington fireside chat. Give the 'murican people something to be proud of. Food for thought.
 
2021-04-17 11:46:46 AM  
When the internal group is 100% cooperating, instead of having any amount of competitive/adversarial relationships going on internal to the group.  Kinda seems like it would be obvious that that group would do better than a group that had efficiency and resources leaking out as internal competition.


When the employer sets the tone of "give as little as possible to everyone else while getting as much as possible for yourself from the group's efforts. Then that is what EVERYONE should be doing. If your employer sets that relationship standard, you are just a pure sucker parasite host if you are not actively treating the situation the exact same as they are. Give as little as possible while getting as much as you can for yourself.

Employer holds the cards on this, they are the "party host" who dictates what kind of party this is. Anytime they want to demonstrate a cooperative situaiotn instead of an adversarial one, they can choose that.
 
2021-04-17 11:54:36 AM  
Fark user imageView Full Size


I didn't want to be the one to tell him, but with those narrow labor exploitation policies, that CEO couldn't have more than 6 or 7 mega-yachts!
 
2021-04-17 11:56:34 AM  
Given that republicans have repeatedly destroyed the US economy, only a complete dumbf*ck would ever let them run any government.  Case in point, the midwest and the south - the main source of dumbf*ckery.
 
2021-04-17 12:17:01 PM  

jerryskid: Given that republicans have repeatedly destroyed the US economy, only a complete dumbf*ck would ever let them run any government.  Case in point, the midwest and the south - the main source of dumbf*ckery.


They don't 'destroy' the eocomy, they convince the rubes that a system that 'trickles' money up from the poorest to the wealthiest is a good idea.

BTW, it's an apocryphal story that Henry Ford doubled the pay of his hourly workers so they could have enough to 'buy back' the product they were producing.  One of Ford's biggest problems was hourly employee turnover.  The costs of high employee turnover are enormous.   By doubling the pay of his hourly workers, productivity went up by more than what he spent on worker pay increases.    Didn't matter to a lot of the 1% in US Murica, they accused Ford of being a Bolshevik and a 'n' lover.
 
2021-04-17 12:56:01 PM  

Fissile: jerryskid: Given that republicans have repeatedly destroyed the US economy, only a complete dumbf*ck would ever let them run any government.  Case in point, the midwest and the south - the main source of dumbf*ckery.

They don't 'destroy' the eocomy, they convince the rubes that a system that 'trickles' money up from the poorest to the wealthiest is a good idea.

BTW, it's an apocryphal story that Henry Ford doubled the pay of his hourly workers so they could have enough to 'buy back' the product they were producing.  One of Ford's biggest problems was hourly employee turnover.  The costs of high employee turnover are enormous.   By doubling the pay of his hourly workers, productivity went up by more than what he spent on worker pay increases.    Didn't matter to a lot of the 1% in US Murica, they accused Ford of being a Bolshevik and a 'n' lover.


I wish my company would understand the turnover and "qualified" candidate issue like that, and increase pay rate to attract good workers instead of just filling teams with warm bodies :(
 
2021-04-17 12:58:16 PM  

PvtStash: When the internal group is 100% cooperating, instead of having any amount of competitive/adversarial relationships going on internal to the group.  Kinda seems like it would be obvious that that group would do better than a group that had efficiency and resources leaking out as internal competition.


When the employer sets the tone of "give as little as possible to everyone else while getting as much as possible for yourself from the group's efforts. Then that is what EVERYONE should be doing. If your employer sets that relationship standard, you are just a pure sucker parasite host if you are not actively treating the situation the exact same as they are. Give as little as possible while getting as much as you can for yourself.

Employer holds the cards on this, they are the "party host" who dictates what kind of party this is. Anytime they want to demonstrate a cooperative situaiotn instead of an adversarial one, they can choose that.


You'd think it would be obvious, but the asshole who ate Sears (Eddie Lampert with an assist from Steve Mnuchin) literally set it up so that the internal divisions were competing against each other. He didn't want any "socialism" within his company.

Failing to Plan: How Ayn Rand Destroyed Sears
In People's Republic of Walmart, Leigh Phillips and Michal Rozworski argue that planning on vast scales is possible, and it works. But when Sears's Ayn Rand-loving owner introduced internal markets because he was so horrified at central planning inside capitalist firms, things quickly fell apart.
 
2021-04-17 1:39:25 PM  
Lots of hate for conservative policy  in those comments, particularly for a Hill article. For once I'm glad I looked...
 
2021-04-17 1:40:16 PM  
Fark user imageView Full Size
 
2021-04-17 1:58:12 PM  
We should have maximum wage laws.  And factor in all forms of compensation.  So that even if the maximum pay of a CEO was 100k, they could also get 34 million in hookers and blow.  Or whatever ceos do.
 
2021-04-17 2:25:46 PM  

PvtStash: When the employer sets the tone of "give as little as possible to everyone else while getting as much as possible for yourself from the group's efforts. Then that is what EVERYONE should be doing. If your employer sets that relationship standard, you are just a pure sucker parasite host if you are not actively treating the situation the exact same as they are. Give as little as possible while getting as much as you can for yourself.
Employer holds the cards on this, they are the "party host" who dictates what kind of party this is. Anytime they want to demonstrate a cooperative situaiotn instead of an adversarial one, they can choose that.


That's true.  I've had one shiatty, seasonal job after another.  Always gave them my best, nobody gave a fark.
Now, I'll still work hard, but goddamned if I'm going to take any of it seriously.   Half of my managers don't know WTF they're doing. Nobody wants their job either.  They play favorites, fire you for no reason.  Everybody is trying to game everybody else, like we work at Microsoft or something.  And I walk out, again.  Hire me carelessly and treat me like crap, and I'll make you fill out that hiring paperwork again in a couple of months.

Nobody stays in these jobs that I'm doing.  They'll bring in five untrained hires in the middle of a rush, expect them to work, and four of them will quit in a week because of being treated like that.

I don't care anymore, but this is ridiculous.  Creates a lot of instability, bad service, societal instability.  Nomadland.
And a shiatload of transients who are homeless and follow the seasonal jobs, like this is a romantic, preferred way to live.  IT'S NOT.
We have a shiatload of migrant workers who are Americans.  We're not living in refugee camps yet, but we're getting there.  Some Amazon and Wal-mart employees live in vans in the parking lot.

This is a stupid, stupid  country.
 
2021-04-17 2:42:01 PM  

AmbassadorBooze: We should have maximum wage laws.  And factor in all forms of compensation.  So that even if the maximum pay of a CEO was 100k, they could also get 34 million in hookers and blow.  Or whatever ceos do.


No maximum wage - set a maximum ratio.  If the C-level farks get huge raises, option and bonuses, so do the people who actually do the actual work.
 
2021-04-17 2:48:56 PM  
> Babies had by staff grew 10x

So their 7.5 pound babies are now 75 pound six-year-olds?

They may need a bit of exercise too...
 
2021-04-17 3:55:09 PM  

freakdiablo: Soylent Green employees are people!!!

I know this gets mentioned in every thread about this guy but it shouldn't be a surprise to anyone that his company is taking off like this.  Make it so your employees want to work for you, and they'll *work* for you.


Many businesses have forgotten that their employees are a very important asset and should be treated as such. Most people work harder and tell great things to others if a business seems to genuinely care about its employees. They not only do their job but probably go out of their way to improve the business. I think Costco is a similar deal.
 
2021-04-17 4:02:49 PM  

theteacher: https://www.statista.com/statistics/4​2​4159/pay-gap-between-ceos-and-average-​workers-in-world-by-country/


Not only do US CEOs make more proportionately than workers when compared with other countries, this also applies historically compared to US CEOs from previous decades. None of them can explain what exactly it is that they do that's worth more compared to all those other CEOs.
 
2021-04-17 4:30:36 PM  

cryinoutloud: PvtStash: When the employer sets the tone of "give as little as possible to everyone else while getting as much as possible for yourself from the group's efforts. Then that is what EVERYONE should be doing. If your employer sets that relationship standard, you are just a pure sucker parasite host if you are not actively treating the situation the exact same as they are. Give as little as possible while getting as much as you can for yourself.
Employer holds the cards on this, they are the "party host" who dictates what kind of party this is. Anytime they want to demonstrate a cooperative situaiotn instead of an adversarial one, they can choose that.

That's true.  I've had one shiatty, seasonal job after another.  Always gave them my best, nobody gave a fark.
Now, I'll still work hard, but goddamned if I'm going to take any of it seriously.   Half of my managers don't know WTF they're doing. Nobody wants their job either.  They play favorites, fire you for no reason.  Everybody is trying to game everybody else, like we work at Microsoft or something.  And I walk out, again.  Hire me carelessly and treat me like crap, and I'll make you fill out that hiring paperwork again in a couple of months.

Nobody stays in these jobs that I'm doing.  They'll bring in five untrained hires in the middle of a rush, expect them to work, and four of them will quit in a week because of being treated like that.

I don't care anymore, but this is ridiculous.  Creates a lot of instability, bad service, societal instability.  Nomadland.
And a shiatload of transients who are homeless and follow the seasonal jobs, like this is a romantic, preferred way to live.  IT'S NOT.
We have a shiatload of migrant workers who are Americans.  We're not living in refugee camps yet, but we're getting there.  Some Amazon and Wal-mart employees live in vans in the parking lot.

This is a stupid, stupid  country.


What industry are you in?
 
2021-04-17 8:02:58 PM  
Jesus.
 
2021-04-17 8:20:27 PM  

cryinoutloud: PvtStash: When the employer sets the tone of "give as little as possible to everyone else while getting as much as possible for yourself from the group's efforts. Then that is what EVERYONE should be doing. If your employer sets that relationship standard, you are just a pure sucker parasite host if you are not actively treating the situation the exact same as they are. Give as little as possible while getting as much as you can for yourself.
Employer holds the cards on this, they are the "party host" who dictates what kind of party this is. Anytime they want to demonstrate a cooperative situaiotn instead of an adversarial one, they can choose that.

That's true.  I've had one shiatty, seasonal job after another.  Always gave them my best, nobody gave a fark.
Now, I'll still work hard, but goddamned if I'm going to take any of it seriously.   Half of my managers don't know WTF they're doing. Nobody wants their job either.  They play favorites, fire you for no reason.  Everybody is trying to game everybody else, like we work at Microsoft or something.  And I walk out, again.  Hire me carelessly and treat me like crap, and I'll make you fill out that hiring paperwork again in a couple of months.

Nobody stays in these jobs that I'm doing.  They'll bring in five untrained hires in the middle of a rush, expect them to work, and four of them will quit in a week because of being treated like that.

I don't care anymore, but this is ridiculous.  Creates a lot of instability, bad service, societal instability.  Nomadland.
And a shiatload of transients who are homeless and follow the seasonal jobs, like this is a romantic, preferred way to live.  IT'S NOT.
We have a shiatload of migrant workers who are Americans.  We're not living in refugee camps yet, but we're getting there.  Some Amazon and Wal-mart employees live in vans in the parking lot.

This is a stupid, stupid  country.


Planet
 
2021-04-17 9:46:13 PM  

4seasons85!: freakdiablo: Soylent Green employees are people!!!

I know this gets mentioned in every thread about this guy but it shouldn't be a surprise to anyone that his company is taking off like this.  Make it so your employees want to work for you, and they'll *work* for you.

Many businesses have forgotten that their employees are a very important asset and should be treated as such. Most people work harder and tell great things to others if a business seems to genuinely care about its employees. They not only do their job but probably go out of their way to improve the business. I think Costco is a similar deal.


And yet how many times do we sit through training classes at work on management where they repeat all the pablum about how "we treat our employees great", and "employees want respect more than money", and yet upper management dumps on us at every opportunity.
 
2021-04-17 9:53:11 PM  

BizarreMan: 4seasons85!: freakdiablo: Soylent Green employees are people!!!

I know this gets mentioned in every thread about this guy but it shouldn't be a surprise to anyone that his company is taking off like this.  Make it so your employees want to work for you, and they'll *work* for you.

Many businesses have forgotten that their employees are a very important asset and should be treated as such. Most people work harder and tell great things to others if a business seems to genuinely care about its employees. They not only do their job but probably go out of their way to improve the business. I think Costco is a similar deal.

And yet how many times do we sit through training classes at work on management where they repeat all the pablum about how "we treat our employees great", and "employees want respect more than money", and yet upper management dumps on us at every opportunity.


You're absolutely right. There's actually no excuse for it. There's plenty of examples and ideas that management could utilize to make things better. They are either lazy or power happy and don't. All they have to do is read some articles or watch a Ted Talk and examples are there. Often it's a cultural problem from the top down. A place that discourages changes. I can't tell you how many articles I read which suggest loosening these restrictions as a way to improve business, yet very few business do this.
 
2021-04-17 10:04:39 PM  
That model only works on certain types of businesses. Try that in the restaurant business and watch how fast you die. Guess it's nice when you can just crank up a small % dial to get more revenue.
 
2021-04-17 10:51:21 PM  

4seasons85!: BizarreMan: 4seasons85!: freakdiablo: Soylent Green employees are people!!!

I know this gets mentioned in every thread about this guy but it shouldn't be a surprise to anyone that his company is taking off like this.  Make it so your employees want to work for you, and they'll *work* for you.

Many businesses have forgotten that their employees are a very important asset and should be treated as such. Most people work harder and tell great things to others if a business seems to genuinely care about its employees. They not only do their job but probably go out of their way to improve the business. I think Costco is a similar deal.

And yet how many times do we sit through training classes at work on management where they repeat all the pablum about how "we treat our employees great", and "employees want respect more than money", and yet upper management dumps on us at every opportunity.

You're absolutely right. There's actually no excuse for it. There's plenty of examples and ideas that management could utilize to make things better. They are either lazy or power happy and don't. All they have to do is read some articles or watch a Ted Talk and examples are there. Often it's a cultural problem from the top down. A place that discourages changes. I can't tell you how many articles I read which suggest loosening these restrictions as a way to improve business, yet very few business do this.


I minored in business admin, so I ended up taking several management and HR courses. It was weird to me that all these ideas about reducing turnover and how to attract and treat competent employees was a novel concept in the 50s and spoken about in class like it was so obvious that they shouldn't have to waste time teaching it.

Then I entered the workforce and the general mentality was 'our numbers are down because we're not allowed to beat people anymore.' Bit of a culture shock honestly.
 
2021-04-17 11:02:16 PM  
But, their revenues would have quadrupled if they kept the peons at proper slave wages. True fact.
:)

/Sarcasm
 
2021-04-17 11:23:40 PM  

PvtStash: When the employer sets the tone of "give as little as possible to everyone else while getting as much as possible for yourself from the group's efforts. Then that is what EVERYONE should be doing. If your employer sets that relationship standard, you are just a pure sucker parasite host if you are not actively treating the situation the exact same as they are. Give as little as possible while getting as much as you can for yourself.


It took me fewer than 8 years to go from intern to owner at my company by doing exactly this.

And now that I'm at the top, I get to correct it. Because it's a stupid way to run a business.
 
2021-04-17 11:33:00 PM  

dionysusaur: AmbassadorBooze: We should have maximum wage laws.  And factor in all forms of compensation.  So that even if the maximum pay of a CEO was 100k, they could also get 34 million in hookers and blow.  Or whatever ceos do.

No maximum wage - set a maximum ratio.  If the C-level farks get huge raises, option and bonuses, so do the people who actually do the actual work.


That sounds good.

And I did make a typo.  the CEOs should NOT get 34 million in hookers and blow. So, that is on me.

Howerver, All that means in your proposal is the CEOs will go to gig economy style pay, and while their direct subordinats will be payed on the proporortion, all the uber drivers will be plebes getting their pennies on the dollar.
 
2021-04-18 9:15:53 AM  
Turns out when you pay and treat your employees like humans, productivity goes up and by extension - client satisfaction goes up because the employees are more engaged.

Shocking.

I work at a company now that actually believes that too. We get access to Udemy/training/test materials for free, have great health/pay benefits, and we get bonuses if we get certified in certain things, or do work above and beyond the call. Hell, I get OT pay as a salaried employee! Everyone that works there loves what they do, and loves the environment they work in. The owner gets a tiny bit less money, but he's owned the company for 30 years and doesn't really need the extra - still comes to work everyday, and talk to him every day, he knows my name lol.

It's so weird to me that this is the exception, not the rule.
 
2021-04-18 11:10:57 AM  

king of vegas: That's true.  I've had one shiatty, seasonal job after another.  Always gave them my best, nobody gave a fark.
Now, I'll still work hard, but goddamned if I'm going to take any of it seriously.   Half of my managers don't know WTF they're doing. Nobody wants their job either.  They play favorites, fire you for no reason.  Everybody is trying to game everybody else, like we work at Microsoft or something.  And I walk out, again.  Hire me carelessly and treat me like crap, and I'll make you fill out that hiring paperwork again in a couple of months.
Nobody stays in these jobs that I'm doing.  They'll bring in five untrained hires in the middle of a rush, expect them to work, and four of them will quit in a week because of being treated like that.
I don't care anymore, but this is ridiculous.  Creates a lot of instability, bad service, societal instability.  Nomadland.
And a shiatload of transients who are homeless and follow the seasonal jobs, like this is a romantic, preferred way to live.  IT'S NOT.
We have a shiatload of migrant workers who are Americans.  We're not living in refugee camps yet, but we're getting there.  Some Amazon and Wal-mart employees live in vans in the parking lot.
This is a stupid, stupid  country.
What industry are you in?


Services.  Food services, retail, cashiers, housekeeping, selling tourist shiat, booking tourist shiat, cleaning up after travelers.  Folding the laundry, making the coffee, answering the phone, smiling, smiling, smiling.

There used to be a few of these jobs, and that was fine.  Now they are the majority of them--dreary, mindless, farkwork and servitude.

It wouldn't have to be this way, if most of the farking country didn't think that they were entitled to vacations every weekend, just like the ads told them.  I hate you all.

I used to have respectable, good jobs, doing things, and not just cleaning up after lazy entitled farkers.  But those jobs are all gone now, so if I don't want to go into marketing, you elite farkers killed all the other jobs with your trivial demands.

Go the fark home, for once.
 
2021-04-18 11:44:43 AM  
He is in a business where no one gets paid minimum wage to begin with.  Have him run a business that competes against Walmart, McDonalds, or Amazon, and then he would have something to really talk about.
 
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