CEO who raised workers’ minimum pay to $70K hits predictable problems

Bit_Happy

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Quote from: koshgel on August 02, 2015, 07:07:21 PM

Quote from: criptix on August 02, 2015, 06:55:45 PM

why did the high skilled workers leave? they didnt got less salary right?
i mean the people that left will get the same salary somewhere else right?

greed and jealousy.

we need the singularity asap.
(of course only if it isnt going to kill us)

All incentive goes out the door when the minimum is 70k. The lazy workers will get paid the same as the hard-working ones. There is no room to expand and move forward.

Incentives to produce are hugely important. In sports (for example) when young stars get their first huge contract, they frequently find there "skills" on the field are not nearly as sharp,

bryant.coleman

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Quote from: khalized on September 03, 2015, 06:23:12 AM

Doesn't really prove much there are examples of people living in communes where everyone is equal and it works.

In certain cases, it works. An example is the Kibbutz system of Israel. Everyone are equal in these agricultural villages, and the salaries are the same. But the Kibbutz system is a success, because there is no need for non-agricultural skills there. The same system wont work in the Information Technology or the manufacturing sectors.

khalized

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Its hard to know the exact truth maybe the business is having hard time due to other reasons. Doesn't really prove much there are examples of people living in communes where everyone is equal and it works.

Swordsoffreedom

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Quote from: Wilikon on August 02, 2015, 06:26:40 PM

Quote from: Sourgummies on August 02, 2015, 06:19:06 PM

Interesting to watch this evolve,figured there would be issues but did not expect so many from within. Sure did not take long to start eating itself.

I was shocked to see how fast that experiment collapsed. Indeed.

I appreciate that someone kept a pulse on the topic and came back with an update all to often these stories get left abandoned and no one comes back to see what happened in the meanwhile.

As for the reason for this failure its a worker ant analogy simply put a percentage of people are lazy while the rest do the work the classic saying where its 90% of the work is done by 10% of the people, with income equality the incentive to perform from the worker ants who did the best disappeared and without that motivation they left of course the lazy ants didn't care or want to step up as much to fill the gap because of no salary motivations hence this problem.

Alas society is still based on a profit motive in one way or another justified or not.

CPNpr

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Never heard about his company, just another internet bubble.
At least he gets what he want, publicity.

Linuld

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Quote from: bryant.coleman on September 01, 2015, 12:52:51 PM

Quote from: Linuld on August 31, 2015, 09:35:45 AM

Interesting. Are prices for cosmetic surgery very cheap too?

What i wonder is why should someone go through the trouble to get a doctor only to earn nothing at the end. Do you mean it only comes from a minority that was NOT discriminated there?

Surgeries in the former Soviet-bloc nations only cost around one-tenth of doing the same in the United States. Georgia, Ukraine, Belarus.etc offer quality medical care, at affordable costs. Russia is a little bit expensive, but the quality is good.

There is a good demand for medical seats in Georgian and Belorussian universities, as being a doctor carries a lot of prestige in the society.

And regarding discrimination, whatever the Soviets would like to claim, the former USSR was a deeply xenophobic society. People with Asiatic facial features (such as Azeris and Uzbeks, composing one-sixth of the population) were discriminated in education, military.etc. According to researchers, the only reason why Armenia could beat Azerbaijan during the 1993 Nagorno-Karabakh war was due to the fact that the Azeris (an Asiatic Muslim people) were not allowed in to the combat battalions of the Soviet Army. Even now, the Russian Army has fixed maximum intake quotas for the Muslim groups. Around 10% of the young people in Russia are Muslim. But only around 2% of the soldiers are Muslims.

Georgia, Ukraine, Belarus... i will keep that names in my mind. Though i think ukraine is not the safest place nowadays. Might be there are safe places but generally i would fear that safe places turn to unsafe places suddenly when iam there. Tongue

Linuld

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Quote from: Wilikon on September 01, 2015, 10:01:45 AM

Quote from: Linuld on September 01, 2015, 09:15:31 AM

Quote from: wxa7115 on August 31, 2015, 01:11:18 PM

Quote from: Wilikon on August 29, 2015, 12:01:49 PM

What i wonder is why should someone go through the trouble to get a doctor only to earn nothing at the end. Do you mean it only comes from a minority that was NOT discriminated there?

Well, in communist countries education tends to be very cheap or free and can be of excellent quality, the problem is that there is no place for this people to work.

[b]Don't steal my quotes! Tongue

[/b]

And yes, i know. Education should be free everywhere ideally. But even if it is. You have to invest a lot of work and time and mostly you don't have much money on the way. Maybe you even have to work while studying.

So it is quite troublesome. I guess only idealistic persons would go through all that only to earn practically nothing at the end.

I don't think that character cares. That's class 101 on forum etiquette...

I'm not sure what you wanted to say but i referred to my quote coming out like it was you who wrote it.

It was a joke, just in case you didn't notice.

Edit: Ah ok, you referred to the one who made the error.

Wilikon

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Quote from: wxa7115 on September 01, 2015, 01:15:02 PM

Quote from: Wilikon on September 01, 2015, 10:01:45 AM

I don't think that character cares. That's class 101 on forum etiquette...

I’m deeply sorry for misquoting you; I screw up when I was editing the post, I corrected my post and again I apologize for my mistake.

Thank you

wxa7115

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Quote from: Wilikon on September 01, 2015, 10:01:45 AM

I don't think that character cares. That's class 101 on forum etiquette...

I’m deeply sorry for misquoting you; I screw up when I was editing the post, I corrected my post and again I apologize for my mistake.

bryant.coleman

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Quote from: Linuld on August 31, 2015, 09:35:45 AM

Interesting. Are prices for cosmetic surgery very cheap too?

What i wonder is why should someone go through the trouble to get a doctor only to earn nothing at the end. Do you mean it only comes from a minority that was NOT discriminated there?

Surgeries in the former Soviet-bloc nations only cost around one-tenth of doing the same in the United States. Georgia, Ukraine, Belarus.etc offer quality medical care, at affordable costs. Russia is a little bit expensive, but the quality is good.

There is a good demand for medical seats in Georgian and Belorussian universities, as being a doctor carries a lot of prestige in the society.

And regarding discrimination, whatever the Soviets would like to claim, the former USSR was a deeply xenophobic society. People with Asiatic facial features (such as Azeris and Uzbeks, composing one-sixth of the population) were discriminated in education, military.etc. According to researchers, the only reason why Armenia could beat Azerbaijan during the 1993 Nagorno-Karabakh war was due to the fact that the Azeris (an Asiatic Muslim people) were not allowed in to the combat battalions of the Soviet Army. Even now, the Russian Army has fixed maximum intake quotas for the Muslim groups. Around 10% of the young people in Russia are Muslim. But only around 2% of the soldiers are Muslims.

Snail2

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Quote from: wxa7115 on August 31, 2015, 01:11:18 PM

Well, in communist countries education tends to be very cheap or free and can be of excellent quality, the problem is that there is no place for this people to work.

Actually that wasn't true. There were lots of highly skilled ans R&D jobs... just most people haven't heard too much about that as many of these companies were working on "sensitive" projects, or they simply did basic research instead of the more visible applied research. Actually applied research was the week point. Most scientists looked down on applied research as they seen it inferior to the basic research, something for engineers and sales people instead of something for "true scientists". So communist countries they spent lots of resources and time on researching stuff, without enjoying the results (except if that was something for the military).

Wilikon

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Quote from: Linuld on September 01, 2015, 09:15:31 AM

Quote from: wxa7115 on August 31, 2015, 01:11:18 PM

Quote from: Wilikon on August 29, 2015, 12:01:49 PM

What i wonder is why should someone go through the trouble to get a doctor only to earn nothing at the end. Do you mean it only comes from a minority that was NOT discriminated there?

Well, in communist countries education tends to be very cheap or free and can be of excellent quality, the problem is that there is no place for this people to work.

[b]Don't steal my quotes! Tongue

[/b]

And yes, i know. Education should be free everywhere ideally. But even if it is. You have to invest a lot of work and time and mostly you don't have much money on the way. Maybe you even have to work while studying.

So it is quite troublesome. I guess only idealistic persons would go through all that only to earn practically nothing at the end.

I don't think that character cares. That's class 101 on forum etiquette...

Linuld

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Quote from: wxa7115 on August 31, 2015, 01:11:18 PM

Quote from: Wilikon on August 29, 2015, 12:01:49 PM

What i wonder is why should someone go through the trouble to get a doctor only to earn nothing at the end. Do you mean it only comes from a minority that was NOT discriminated there?

Well, in communist countries education tends to be very cheap or free and can be of excellent quality, the problem is that there is no place for this people to work.

Don't steal my quotes! Tongue

And yes, i know. Education should be free everywhere ideally. But even if it is. You have to invest a lot of work and time and mostly you don't have much money on the way. Maybe you even have to work while studying.

So it is quite troublesome. I guess only idealistic persons would go through all that only to earn practically nothing at the end.

Wilikon

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Quote from: wxa7115 on August 31, 2015, 01:11:18 PM

Quote from: Wilikon on August 29, 2015, 12:01:49 PM

What i wonder is why should someone go through the trouble to get a doctor only to earn nothing at the end. Do you mean it only comes from a minority that was NOT discriminated there?

Well, in communist countries education tends to be very cheap or free and can be of excellent quality, the problem is that there is no place for this people to work.

Hey! NOT MY QUOTE........ Fix this.

wxa7115

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Quote from: Linuld on August 31, 2015, 09:35:45 AM

What i wonder is why should someone go through the trouble to get a doctor only to earn nothing at the end. Do you mean it only comes from a minority that was NOT discriminated there?

Well, in communist countries education tends to be very cheap or free and can be of excellent quality, the problem is that there is no place for this people to work.

Linuld

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Quote from: bryant.coleman on August 29, 2015, 12:14:44 PM

Quote from: Wilikon on August 29, 2015, 12:01:49 PM

Does that mean the best hospitals in the world are in Georgia?

Georgia is an emerging medical tourism destination, which attracts patients from all over the world (especially from Turkey, Middle East, and Europe). The medical education system of the former USSR was one of the best in the world. And ethnic Georgians faced no discrimination from the Slavs (unlike the case with Azeris and Uzbeks), and a large number of them graduated out of these institutions. Most of the doctors are very experienced.

Interesting. Are prices for cosmetic surgery very cheap too?

What i wonder is why should someone go through the trouble to get a doctor only to earn nothing at the end. Do you mean it only comes from a minority that was NOT discriminated there?

wxa7115

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Quote from: bryant.coleman on August 29, 2015, 11:59:03 AM

Quote from: wxa7115 on August 29, 2015, 11:38:40 AM

Do you have any source for this? I’m very interested if you do since I didn’t know this.

Check this:

http://www.profi-forex.us/news/entry4000001012.html

Quote from: wxa7115 on August 29, 2015, 11:38:40 AM

As far as I know in ancient societies (capitalist societies) resources were expensive and labor was cheap (since you could always buy or enslave more people and there was no machinery) but in modern societies were modern machinery exist, resources were abundant and what was difficult to find was qualified people, so resources are cheap and labor is expensive.

The USSR was always at a labor shortage. That is why they encouraged the couples to have more and more children. "Non-productive" groups, such as drug addicts, disabled and homosexuals were treated harshly. Until the end of 1970s, the NKVD used to shoot homosexuals on the back of their head.

Wow man, Thanks for the link, you rock.

I have never imagined that there was such a pay structure and such a gap in salaries between countries.

I suppose this is one more reason (as if we needed more) to avoid communism at all costs.

bryant.coleman

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Quote from: Wilikon on August 29, 2015, 12:01:49 PM

Does that mean the best hospitals in the world are in Georgia?

Georgia is an emerging medical tourism destination, which attracts patients from all over the world (especially from Turkey, Middle East, and Europe). The medical education system of the former USSR was one of the best in the world. And ethnic Georgians faced no discrimination from the Slavs (unlike the case with Azeris and Uzbeks), and a large number of them graduated out of these institutions. Most of the doctors are very experienced.

Wilikon

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Quote from: bryant.coleman on August 29, 2015, 11:59:03 AM

Quote from: wxa7115 on August 29, 2015, 11:38:40 AM

Do you have any source for this? I’m very interested if you do since I didn’t know this.

Check this:

http://www.profi-forex.us/news/entry4000001012.html

Quote from: wxa7115 on August 29, 2015, 11:38:40 AM

As far as I know in ancient societies (capitalist societies) resources were expensive and labor was cheap (since you could always buy or enslave more people and there was no machinery) but in modern societies were modern machinery exist, resources were abundant and what was difficult to find was qualified people, so resources are cheap and labor is expensive.

The USSR was always at a labor shortage. That is why they encouraged the couples to have more and more children. "Non-productive" groups, such as drug addicts, disabled and homosexuals were treated harshly. Until the end of 1970s, the Soviets used to shoot homosexuals on the back of their head.

Does that mean the best hospitals in the world are in Georgia?

Cool

bryant.coleman

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Quote from: wxa7115 on August 29, 2015, 11:38:40 AM

Do you have any source for this? I’m very interested if you do since I didn’t know this.

Check this:

http://www.profi-forex.us/news/entry4000001012.html

Quote from: wxa7115 on August 29, 2015, 11:38:40 AM

As far as I know in ancient societies (capitalist societies) resources were expensive and labor was cheap (since you could always buy or enslave more people and there was no machinery) but in modern societies were modern machinery exist, resources were abundant and what was difficult to find was qualified people, so resources are cheap and labor is expensive.

The USSR was always at a labor shortage. That is why they encouraged the couples to have more and more children. "Non-productive" groups, such as drug addicts, disabled and homosexuals were treated harshly. Until the end of 1970s, the NKVD used to shoot homosexuals on the back of their head.

Topic: CEO who raised workers’ minimum pay to $70K hits predictable problems (Read 3574 times)