Its all about the money for most people and since people run companies it is all about the money for companies too.
The mickey D employee shows up, more than likely having never held a job. This employee receives training, learns job skills, & in many cases advances to a managerial position of some to significant responsibility. Or moves elsewhere with those job skills, the employer does not retain those skills :eek:. I would consider that a fair trade of labor for profit. Don't forget the employee that manages to injure themselves, receives compensation, sometimes for a significant amount of time & contributes nothing to the bottom line.
Though I do agree with the poster that believes some executives are grossly overcompensated. We have to remember they pick their own boards, unless the stockholders vote against that compensation, it happens.
A whole bunch of you somehow have lost track of what the free market system is all about....a persons wage, prices we pay for products, should all be driven by "the market"! If you are not welling to pay $5 for a gallon of gas, and others agree with you the oil companies will have to lower the price until you start buying the product again. If they don't they will suddenly have a glut of inventory, and start losing profitability fast! The market should drive the balance between price and inventory (Adam Smith called this the Invisible Hand)... it has nothing to do with profits (but in the long run companies must make money or close). Same for wages, if people choose not to work at McD's for the wages they offer, McD's will be out of business fast...it really is that simple...unfortunately, Unions and Governments screw it all up with taxes and demands for wages/benefits that exceed the market norms...over time these external forces force companies to look for other ways to stay in business.....off shore is a short term solution, because in time, unions and governments will push those markets to a point they are no longer competitive....the good old USA is looking more like the USSR and unfortunately a bunch of voters out their do not understand the free market or Capitalism is one of the foundations to what made our country great....
I can answer that FIRSTHAND...we have already been put on 30 hr work weeks at the hotel that is the NEW full time standard, there is even talk that the union will drop our "cadillac" insurance program and try and dump it off on the hotel, which in turn will schedule us for less than 30 hrs and make us responsible for paying for our own insurance
its gonna get ugly...
You don't suppose the SEIU overstepped their limits with this latest power grab? As Jackie Gleason used to shout out, "How sweet it is!!!" It's sounding like this may turn out to be another example of 'unintended circumstances' eh? Make my day. It just couldn't have happened to a more ignorant batch of fools.
It's all working out exactly as Obama wanted however. The plan all along was to get employers to dump their employees so the employees would be forced into the socialist system. Who cares how much it costs? Damn sure not Obama.
1. We can't keep our current plan ( doesn't fit KING IDIOTS rules) BCBSNC already told us that
2. You will have a SUBSTANTIAL RATE INCREASE ( direct form BCBS NC)
We purchase a private policy and this is what is happening.
We can't plan anything because all we know is that we are getting hit with a huge increase, but have no idea how much. How can anyone plan their budget as we always do.
Sadly, this is the best time of year to purchase a new car and we were planning on replacing my 2002. That purchase will not happen without knowing what is happening to our insurance premium. We are really thinking about dumping medical and paying the fine. I will be damned if I'm forced to buy his crap that I neither want nor need.