wanna know why our country is going to Hell in a handbasket

[dsc]

well here is exhibit A.

http://www.nytimes.com/2015/08/02/business/a-company-copes-with-backlash-against-the-raise-that-roared.html?smid=fb-nytimes&smtyp=cur

Maisey McMaster was also one of the believers. Now 26, she joined the company five years ago and worked her way up to financial manager, putting in long hours that left little time for her husband and extended family. “There’s a special culture,” where people “work hard and play hard,” she said. “I love everyone there.”

She helped calculate whether the firm could afford to gradually raise everyone’s salary to $70,000 over a three-year period, and was initially swept up in the excitement. But the more she thought about it, the more the details gnawed at her.

“He gave raises to people who have the least skills and are the least equipped to do the job, and the ones who were taking on the most didn’t get much of a bump,” she said. To her, a fairer proposal would have been to give smaller increases with the opportunity to earn a future raise with more experience.

A couple of days after the announcement, she decided to talk to Mr. Price.

“He treated me as if I was being selfish and only thinking about myself,” she said. “That really hurt me. I was talking about not only me, but about everyone in my position.”

Already approaching burnout from the relentless pace, she decided to quit.

much much more revolting, disgusting, greedy ass people at the link.

[Hydra]

1. Ya, I read about that

And I saw some here on DU earlier on a thread that posed the question of "going cashless" where none of us made money but we could all get the things we want/need. One person seemed offended by the concept that they didn't get a number attached to their work.

*Shakes head* We have a LOT of growing up to do as a society.

[quickesst]

4. I am rereading...

... a 1982 sci-fi book by James P Hogan. Voyage To Yesteryear. Good book, and your post reminded me of this part of it from the back oer.

"The Mayflower II has brought with it thousands of settlers, all the trappings of the authoritarian regime along with bureaucracy, religion, capitalism and a military presence to keep the population in line. However, the planners behind the generation ship did not anticipate the direction that Chironian society took: in the absence of conditioning and with limitless robotic labor and fusion power, Chiron has become a post-scarcity economy. Money and material possessions are meaningless to the Chironians and social standing is determined by individual talent, which has resulted in a wealth of art and technology without any hierarchies, central authority or armed conflict."

[SamKnause]

2. That is just sad.

I want everyone to be paid well.

I would have been thrilled.

[WDIM]

3. Whats funny is the laziest people are the ones at the top.

Most of the wealthiest people do nothing but live off the hard work of other people.

The workers create the value in any business.

The fascist top down pyramid of a business model should be turned on its head. A business model of collectivism and democracy is the answer.

[madville]

9. Some liberal entrepreneurs should create such a corporation

One where the CEO makes the same as the janitor and everyone gets the same amount for a bonus or profit-sharing.

[ChazII]

10. +100 n/t

[WDIM]

11. and management is elected and represents the workers.

Instead of the competitve dog eat dog where you step on others to climb up the ladder.

[Doc_Technical]

5. Capitalism without Compassion

is a prime breading ground for psychopaths.

[Cairycat]

6. One of the critics of this CEO

was quoted in the article saying something to the effect of how could workers be motivated to do well when they were so well-paid.

Now why doesn't anyone ever say that about the execs making hundreds of times more than the average worker?

[DFW]

8. There is a difference

Raising someone from $50,000 to $70,000 is a huge deal for the employee.

Making $125,000,000 or $150,000,000 is nothing more than keeping score.

[lumberjack_jeff]

7. Human nature is what it is.

Perhaps his idea could have been implemented better. People do have an expectation of personal recognition based on their own merit.

Even the 23 year old administrative assistant wasn't 100% enthusiastic. "Am I doing my job well enough to deserve this?"

I see all problems as math problems. I envision a matrix in which a 95 or better on your performance evaluation gets you a 40% raise if you're under $40k/year 20% if you're under 80k/year or 5% if you're over $120k/year. Flatten compensation while still recognizing merit.