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Thread: 116th Congress

  1. #1161
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    Quote Originally Posted by 57Brave View Post
    Pay under $15/hr is slave wages

    I dont care about profits to share holders. In fact really dont care about whether the investor class makes a dime --- it is/was documented should McD raise their min Wage it would increase the price of a Big Mac $0.17.

    Bastian, who became CEO (Delta) in May, 2016, received roughly $13.2 million in compensation, mostly in stock, as he is paid a base salary of $800,000. That pay was 142 times greater than the median pay for Delta’s workers overall, a new metric companies are required by the Securities & Exchange Commission to report now.


    https://skift.com/2018/05/29/these-u...ney-last-year/
    The problem is that the shareholders do care if they turn a profit, which is why artificially inflating wages will either increase the price of goods/services or lower the amount of workers employed. Raising the minimum wage isn’t going to do a damn thing about corporate greed.

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    We invest in tightly managed Mutual Funds. By monitoring who the money is going to and it is by design very low risk


    Let me re phrase, I would like to see a more balanced fiduciary approach to hands on labor and management
    The argument is labor's investment is in time and effort (sweat equity- I think I am using that term properly ) where investors investment is in illusion and the promise of get rich quick



    A CEO making 142x the person producing the product is phucked
    No person working toward the same end is 142x more valuable than another.
    “You still don’t get it. It ain’t about your money, bro.” - Omar

  3. #1163
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    Quote Originally Posted by 57Brave View Post
    We invest in tightly managed Mutual Funds. By monitoring who the money is going to and it is by design very low risk


    Let me re phrase, I would like to see a more balanced fiduciary approach to hands on labor and management
    The argument is labor's investment is in time and effort (sweat equity- I think I am using that term properly ) where investors investment is in illusion and the promise of get rich quick



    A CEO making 142x the person producing the product is phucked
    We agree on this point. But in order to get that number down to 130 times what the workers make you’re going to have some serious negative externalities. The CEO isn’t going to fund that difference by reducing their own pay.

    For what it’s worth, this is why I support approaches that place a higher tax rate on the ultra wealthy instead. There’s no added incentive to raise the price of household goods or reduce the number of workers if the company’s CEO pays a higher marginal tax rate.
    Last edited by mqt; Yesterday at 06:57 PM.

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    Thus Citizens United

    the systematic decimation of unions.

    Among other "externalities"
    “You still don’t get it. It ain’t about your money, bro.” - Omar

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    Quote Originally Posted by 57Brave View Post



    A CEO making 142x the person producing the product is phucked
    No person working toward the same end is 142x more valuable than another.
    Freddie Freeman makes $21M, while the random concession stand worker makes (I'm guessing) $5K this baseball season

    What does the star actor of a movie make compared to the mic holder?

    How about Rhianna vs the sound stage sweeper?

    This rich envy the left has is insane. Bastian has been amazing for Delta (I've owned the stock for 5 years)... he's turned them around and they are now the leading airliner in the country.

    You can't just pluck someone off the street to do that stuff.

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    Who are the investors of the Sanders' campaign?

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    Quote Originally Posted by mqt View Post
    We agree on this point. But in order to get that number down to 130 times what the workers make you’re going to have some serious negative externalities. The CEO isn’t going to fund that difference by reducing their own pay.

    For what it’s worth, this is why I support approaches that place a higher tax rate on the ultra wealthy instead. There’s no added incentive to raise the price of household goods or reduce the number of workers if the company’s CEO pays a higher marginal tax rate.
    We need the conversation of realigning the relationship to labor in this country.
    Which is the conversation Sen Sanders started with min wage proposals

    I read somewhere from a Bernie guy make the point that it is just like the (D) to propose an increase on min wage from $7.15 to $15 in 2008 then to get it in 2025 when the $15 is equivalent to the $7.15.

    And lets be clear, these are opening offers in bargaining.
    It appears in the past week few here understand the mechanisms of collective bargaining .

    Another reasonable approach I saw was a regionally indexed min wage. A food NYC preparer's $15/hr is not equal to a Wichita food preparer's $15/hr
    “You still don’t get it. It ain’t about your money, bro.” - Omar

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    Quote Originally Posted by sturg33 View Post
    Freddie Freeman makes $21M, while the random concession stand worker makes (I'm guessing) $5K this baseball season

    What does the star actor of a movie make compared to the mic holder?

    How about Rhianna vs the sound stage sweeper?

    This rich envy the left has is insane. Bastian has been amazing for Delta (I've owned the stock for 5 years)... he's turned them around and they are now the leading airliner in the country.

    You can't just pluck someone off the street to do that stuff.
    and what does the concession stand worker make ?
    81 games at 4-5 hours of work @$15/hr is $6300---
    Still curious what they make.

    As to Freeman and Rhianna people pay to see them. They are being paid their worth.
    Bryce Harper --- not so much.
    Dan Uggla --- not so much

    I grew up in the 1950's and 60's and saw in real time the naivete your viewpoint the value of upper management

    ...........

    Please see the 30 for 30 on athletes making the money Freeman does and the number of them that ever see that money/
    Or actors that are merely money pots for agents and lawyers.
    In a lot of those cases, one is better off long haul being the mic holder
    Last edited by 57Brave; Yesterday at 07:17 PM.
    “You still don’t get it. It ain’t about your money, bro.” - Omar

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    Quote Originally Posted by 57Brave View Post
    We need the conversation of realigning the relationship to labor in this country.
    Which is the conversation Sen Sanders started with min wage proposals


    I read somewhere from a Bernie guy make the point that it is just like the (D) to propose an increase on min wage from $7.15 to $15 in 2008 then to get it in 2025 when the $15 is equivalent to the $7.15.

    And lets be clear, these are opening offers in bargaining.
    It appears in the past week few here understand the mechanisms of collective bargaining .

    Another reasonable approach I saw was a regionally indexed min wage. A food NYC preparer's $15/hr is not equal to a Wichita food preparer's $15/hr
    I’m perfectly on board with having a conversation about the relative importance of labor in the production of goods and services. But just declaring it to have more value than the market has “decided” it does will not change anything.

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    Quote Originally Posted by 57Brave View Post
    and what does the concession stand worker make ?
    81 games at 4-5 hours of work @$15/hr is $6300---
    Still curious what they make.

    As to Freeman and Rhianna people pay to see them. They are being paid their worth.
    Bryce Harper --- not so much.
    Dan Uggla --- not so much

    I grew up in the 1950's and 60's and saw in real time the naivete your viewpoint the value of upper management

    ...........

    Please see the 30 for 30 on athletes making the money Freeman does and the number of them that ever see that money/
    Or actors that are merely money pots for agents and lawyers.
    In a lot of those cases, one is better off long haul being the mic holder
    Freeman makes more money than the concession stand because he makes the Braves more money. He is harder to replace. He is better at his job. The concession stand worker does valuable work for the team, but ultimately is an extremely replaceable position.

    This really isn't complicated.

    And just declaring random numbers - $15, $20, I've seen the NYT call for $33... is just meaningless.

    Does that mean the market now needs to adjust everyone? For example... if busboy makes $10 today, and a chef makes $20 today... and we move the bussboy up to $20, doesn't that mean the new market rate for the chef is $40? If less, did the chef just take a pay cut? Does any of this make sense to you?

    The market is smarter than you and a bunch of bureaucrats.

  11. #1171
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    Quote Originally Posted by 57Brave View Post
    and what does the concession stand worker make ?
    81 games at 4-5 hours of work @$15/hr is $6300---
    Still curious what they make.

    As to Freeman and Rhianna people pay to see them. They are being paid their worth.
    Bryce Harper --- not so much.
    Dan Uggla --- not so much

    I grew up in the 1950's and 60's and saw in real time the naivete your viewpoint the value of upper management

    ...........

    Please see the 30 for 30 on athletes making the money Freeman does and the number of them that ever see that money/
    Or actors that are merely money pots for agents and lawyers.
    In a lot of those cases, one is better off long haul being the mic holder



    Holy ****. You just said the mic holder is better off than the actors who make millions.

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    Quote Originally Posted by mqt View Post
    I’m perfectly on board with having a conversation about the relative importance of labor in the production of goods and services. But just declaring it to have more value than the market has “decided” it does will not change anything.
    his point since the 1960's as well as Sen Warrens, is the market is rigged
    The conversation is about realigning the "decision"

    The scales leading to the " decision" have been tipped, I think you'd agree
    “You still don’t get it. It ain’t about your money, bro.” - Omar

  13. #1173
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    Quote Originally Posted by 57Brave View Post
    his point since the 1960's as well as Sen Warrens, is the market is rigged
    The conversation is about realigning the "decision"

    The scales leading to the " decision" have been tipped, I think you'd agree
    But just changing the amount we pay the lowest paying jobs does nothing to realign anything.

  14. #1174
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    depends where one stands .
    I would think a food service worker that even makes $12/hr would find this realigning a great deal

    Let's be clear, just because the min wage is raised doesn't mean the only beneficiaries are currently making $7.15 (or whatever it is)
    A person making $10/hr will see 33% more. Allowing perhaps not having to work a 2nd job so to be at home at night to parent or to pay for decent day care.
    Or perhaps buy nicer cloths to leave a better impression at the job
    etc etc etc

    I think raising the pay of the lowest paying jobs would cause a great realignment in an awful lot of peoples lives
    From experience I can tell you, there is a great difference between $12/hr and $15/hr.
    Let alone $10 or less
    Last edited by 57Brave; Yesterday at 09:49 PM.
    “You still don’t get it. It ain’t about your money, bro.” - Omar

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    Let the squad keep talking


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    Quote Originally Posted by sturg33 View Post
    Let the squad keep talking

    Don’t worry they’ll be sure to condemn female mutilation. Oh wait. They didn’t

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