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(CNBC)   Jamie Dimon: CEOs should stop being crybabies over giving raises to employees   (cnbc.com) divider line
    More: Hero, Inflation, Central bank, Federal Reserve System, Monetary policy, Bank, Washington Mutual, main beneficiaries of high inflation, JPMorgan Chase  
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1123 clicks; posted to Business » on 14 Jan 2022 at 6:35 PM (2 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



32 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2 days ago  
Can we trade in Dimon for this Simon fellow? Maybe he won't threaten to leave the Democratic Party if a Sanders type is nominated.
 
2 days ago  
Who cares what Simon says?
 
2 days ago  
th.bing.comView Full Size
 
2 days ago  
I, too, am just here to dunk on Subby's typi
 
2 days ago  

NateAsbestos: I, too, am just here to dunk on Subby's typi


Pet poove?
 
2 days ago  
But what does Jamil Dimond have to say about this?
 
2 days ago  
Fark user imageView Full Size
 
2 days ago  
Fark user imageView Full Size

There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.
 
2 days ago  
"The Fed has it backwards. Wage increases have not caused prices to rise. Price increases have caused real wages (what wages can actually purchase) to fall. Prices are increasing at the rate of 6.8% annually but wages are growing only between 3-4%.

[...]

Corporate profits are at a record high. If corporations faced tough competition, they would not pass those wage increases on to customers in the form of higher prices. They'd absorb them and cut their profits.
But they don't have to do this because most industries are now oligopolies composed of a handful of major producers that coordinate price increases.

Yes, employers have felt compelled to raise nominal wages to keep and attract workers. But that's only because employers cannot find and keep workers at the lower nominal wages they'd been offering. They would have no problem finding and retaining workers if they raised wages in real terms - that is, over the rate of inflation they themselves are creating."

https://www.theguardian.com/commentis​f​ree/2022/jan/09/us-jobs-report-warning​-sign-even-before-omicron-surge
 
2 days ago  

Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.


Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.
 
2 days ago  

Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.


Why don't you go figure it out instead of writing really obvious, but uselessly speculative, posts on the internet?

did an econ book hit you over the head once, and now you are a Master of Business?  Do you have any idea how easy it is to speculate about stuff on the internet?  doesn't require any intelligence at all.
 
2 days ago  

Popsqueak: Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.

Why don't you go figure it out instead of writing really obvious, but uselessly speculative, posts on the internet?

did an econ book hit you over the head once, and now you are a Master of Business?  Do you have any idea how easy it is to speculate about stuff on the internet?  doesn't require any intelligence at all.



Awww, white knighting your hero...
 
1 day ago  

Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.


Businesses paying respectable wages just isn't possible! Someone has to be the wage slave!
 
1 day ago  

Fonaibung: NateAsbestos: I, too, am just here to dunk on Subby's typi

Pet poove?


Huh, I was told I wasn't allowed to use that anymore. Something about it being a gay slur.
 
1 day ago  
Giving employees raises is the best and easiest way, at this point, to keep the good times rolling. And by employees, I mean lower level management and below.

Companies with huge piles of cash in particular should not be trying to invest in new business lines that they have no real long term interest in. And dividends are taxed twice. Give it to employees. Maybe even just some kind of bonus to avoid boosting payroll taxes, etc.
 
1 day ago  

Poegressive: [Fark user image image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.


Then why don't you go out and start your own business and show them how it's done?
 
1 day ago  

NateAsbestos: Leader O'Cola: Poegressive: [Fark user image 380x392]

There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.

Businesses paying respectable wages just isn't possible! Someone has to be the wage slave!

of course it's possible, see pro sports for example.  However, if those teams also had to actually employ the concession workers themselves  instead of contracting the work out, you would see the average and min salaries plummet.  It's the payroll marketing version of an accounting trick or tax write off.
 
1 day ago  

Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.


The janitor makes 70k/year. It was the center of his Twitter declaration years ago when he started to doing this. Everyone said he'd fail inside of a year. This was 4 or 5 years ago, iirc, and hes going stronger now.

Ok, now move the goalposts to defend your assertion.
 
1 day ago  

The Flexecutioner: Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.

The janitor makes 70k/year. It was the center of his Twitter declaration years ago when he started to doing this. Everyone said he'd fail inside of a year. This was 4 or 5 years ago, iirc, and hes going stronger now.

Ok, now move the goalposts to defend your assertion.



Link pls
 
1 day ago  

Leader O'Cola: The Flexecutioner: Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.

The janitor makes 70k/year. It was the center of his Twitter declaration years ago when he started to doing this. Everyone said he'd fail inside of a year. This was 4 or 5 years ago, iirc, and hes going stronger now.

Ok, now move the goalposts to defend your assertion.


Link pls


His name is Dan Price.  Look it up rather than having to be spoon fed everything.  You're just itching for the opportunity to argue against every point that proves you wrong.
 
1 day ago  

Chief Superintendent Lookout: Leader O'Cola: The Flexecutioner: Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.

The janitor makes 70k/year. It was the center of his Twitter declaration years ago when he started to doing this. Everyone said he'd fail inside of a year. This was 4 or 5 years ago, iirc, and hes going stronger now.

Ok, now move the goalposts to defend your assertion.


Link pls

His name is Dan Price.  Look it up rather than having to be spoon fed everything.  You're just itching for the opportunity to argue against every point that proves you wrong.



DIAF
 
1 day ago  

Leader O'Cola: Chief Superintendent Lookout: Leader O'Cola: The Flexecutioner: Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.

The janitor makes 70k/year. It was the center of his Twitter declaration years ago when he started to doing this. Everyone said he'd fail inside of a year. This was 4 or 5 years ago, iirc, and hes going stronger now.

Ok, now move the goalposts to defend your assertion.


Link pls

His name is Dan Price.  Look it up rather than having to be spoon fed everything.  You're just itching for the opportunity to argue against every point that proves you wrong.


DIAF


Thank you for proving my point.
 
1 day ago  

Chief Superintendent Lookout: Leader O'Cola: Chief Superintendent Lookout: Leader O'Cola: The Flexecutioner: Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.

The janitor makes 70k/year. It was the center of his Twitter declaration years ago when he started to doing this. Everyone said he'd fail inside of a year. This was 4 or 5 years ago, iirc, and hes going stronger now.

Ok, now move the goalposts to defend your assertion.


Link pls

His name is Dan Price.  Look it up rather than having to be spoon fed everything.  You're just itching for the opportunity to argue against every point that proves you wrong.


DIAF

Thank you for proving my point.


so their careers portal on their website has categories of

Sales
HR
Engineering.


Where does janitor fit in?
 
1 day ago  
Hmmmm
 
1 day ago  

Leader O'Cola: Chief Superintendent Lookout: Leader O'Cola: Chief Superintendent Lookout: Leader O'Cola: The Flexecutioner: Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.

The janitor makes 70k/year. It was the center of his Twitter declaration years ago when he started to doing this. Everyone said he'd fail inside of a year. This was 4 or 5 years ago, iirc, and hes going stronger now.

Ok, now move the goalposts to defend your assertion.


Link pls

His name is Dan Price.  Look it up rather than having to be spoon fed everything.  You're just itching for the opportunity to argue against every point that proves you wrong.


DIAF

Thank you for proving my point.

so their careers portal on their website has categories of

Sales
HR
Engineering.


Where does janitor fit in?


If they're currently fully staffed for janitor(s) why would they advertise for a janitor position? Much in the same way they're not advertising for a CEO at the moment.
 
1 day ago  

squidloe: Leader O'Cola: Chief Superintendent Lookout: Leader O'Cola: Chief Superintendent Lookout: Leader O'Cola: The Flexecutioner: Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.

The janitor makes 70k/year. It was the center of his Twitter declaration years ago when he started to doing this. Everyone said he'd fail inside of a year. This was 4 or 5 years ago, iirc, and hes going stronger now.

Ok, now move the goalposts to defend your assertion.


Link pls

His name is Dan Price.  Look it up rather than having to be spoon fed everything.  You're just itching for the opportunity to argue against every point that proves you wrong.


DIAF

Thank you for proving my point.

so their careers portal on their website has categories of

Sales
HR
Engineering.


Where does janitor fit in?

If they're currently fully staffed for janitor(s) why would they advertise for a janitor position? Much in the same way they're not advertising for a CEO at the moment.



Ok fine, so just link me to something, anything, showing they actually employ "low skill" jobs.  Because a Google search returns Jack shiat.
 
1 day ago  

Leader O'Cola: squidloe: Leader O'Cola: Chief Superintendent Lookout: Leader O'Cola: Chief Superintendent Lookout: Leader O'Cola: The Flexecutioner: Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.

The janitor makes 70k/year. It was the center of his Twitter declaration years ago when he started to doing this. Everyone said he'd fail inside of a year. This was 4 or 5 years ago, iirc, and hes going stronger now.

Ok, now move the goalposts to defend your assertion.


Link pls

His name is Dan Price.  Look it up rather than having to be spoon fed everything.  You're just itching for the opportunity to argue against every point that proves you wrong.


DIAF

Thank you for proving my point.

so their careers portal on their website has categories of

Sales
HR
Engineering.


Where does janitor fit in?

If they're currently fully staffed for janitor(s) why would they advertise for a janitor position? Much in the same way they're not advertising for a CEO at the moment.


Ok fine, so just link me to something, anything, showing they actually employ "low skill" jobs.  Because a Google search returns Jack shiat.


Some things you should consider.

First, if they're remote there is no need for janitors.

Second, even if they're not remote or have a hybrid work arrangement they could very well be renting or leasing their office space. If that's the case then janitorial services are most definitely covered in the lease by the leasing company. My office is in a pretty good sized building just outside of Boston. We lease. Our janitors are great people but we don't employ them. The leasing company has a contract with a company. Just like we don't employ the people that ploy our lot, the leasing company handles that as a component of the lease contract.
 
1 day ago  
Plow, not ploy.
 
1 day ago  

squidloe: Leader O'Cola: squidloe: Leader O'Cola: Chief Superintendent Lookout: Leader O'Cola: Chief Superintendent Lookout: Leader O'Cola: The Flexecutioner: Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.

The janitor makes 70k/year. It was the center of his Twitter declaration years ago when he started to doing this. Everyone said he'd fail inside of a year. This was 4 or 5 years ago, iirc, and hes going stronger now.

Ok, now move the goalposts to defend your assertion.


Link pls

His name is Dan Price.  Look it up rather than having to be spoon fed everything.  You're just itching for the opportunity to argue against every point that proves you wrong.


DIAF

Thank you for proving my point.

so their careers portal on their website has categories of

Sales
HR
Engineering.


Where does janitor fit in?

If they're currently fully staffed for janitor(s) why would they advertise for a janitor position? Much in the same way they're not advertising for a CEO at the moment.


Ok fine, so just link me to something, anything, showing they actually employ "low skill" jobs.  Because a Google search returns Jack shiat.

Some things you should consider.

First, if they're remote there is no need for janitors.

Second, even if they're not remote or have a hybrid work arrangement they could very well be renting or leasing their office space. If that's the case then janitorial services are most definitely covered in the lease by the leasing company. My office is in a pretty good sized building just outside of Boston. We lease. Our janitors are great people but we don't employ them. The leasing company has a contract with a company. Just like we don't employ the people that ploy ...


and that's my exact point from way up above.  Its easy to claim you have a very high minimum wage/salary when you contract/outsource everything that would lower that claim. Which is what I bet Gravity does.
 
1 day ago  
I bet it's all Dave Grohl's fault anyway.
 
1 day ago  

Leader O'Cola: The Flexecutioner: Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.

The janitor makes 70k/year. It was the center of his Twitter declaration years ago when he started to doing this. Everyone said he'd fail inside of a year. This was 4 or 5 years ago, iirc, and hes going stronger now.

Ok, now move the goalposts to defend your assertion.


Link pls


You first. You said he probably uses contractors. Cite your claim first.
 
1 day ago  

The Flexecutioner: Leader O'Cola: The Flexecutioner: Leader O'Cola: Poegressive: [Fark user image 380x392]
There is at least one company out there that has figured it out.  Anything less than this is exploitation and theft.

Let me guess:  they contract out things like custodian/janitor, phone reps, etc.


If so,

Pretty easy to have a high minimum pay  when you only hire positions that pay well to begin with.

The janitor makes 70k/year. It was the center of his Twitter declaration years ago when he started to doing this. Everyone said he'd fail inside of a year. This was 4 or 5 years ago, iirc, and hes going stronger now.

Ok, now move the goalposts to defend your assertion.


Link pls

You first. You said he probably uses contractors. Cite your claim first.


Um, I said probably.
That means a guess.


Others said there are definitve articles. I can't find them

Gfy
 
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