Busting the “Paid What You’re Worth” Myth

[Frederick Foresight]

 

[2rosy]

surprised he didn't end with: Workers of the world unite, you have nothing to lose but your chains

 

[Frederick Foresight]

surprised he didn't end with: Workers of the world unite, you have nothing to lose but your chains

Which part didn't work for you? Where did he go wrong?

 

[newwurldmn]

Which part didn't work for you? Where did he go wrong?

he’s editorializing a lot.

you are paid for the impact you provide. A McDonald’s worker is paid what he is because he (as an individual) has little impact on the value creation at McDonald’s. The CEO has huge impact as his decision and leadership affects the hundred thousand workers at the stores.

Unions aren’t popular because workers don’t want to pay the dues for them. In the recent 10 years or so, workers have had the upper hand in wage negotiations but compensation is capped at the impact provided by the person.

 

[Frederick Foresight]

Perhaps you missed the other parts of his argument.

 

[ElCubano]

he’s editorializing a lot.

you are paid for the impact you provide. A McDonald’s worker is paid what he is because he (as an individual) has little impact on the value creation at McDonald’s. The CEO has huge impact as his decision and leadership affects the hundred thousand workers at the stores.

Unions aren’t popular because workers don’t want to pay the dues for them. In the recent 10 years or so, workers have had the upper hand in wage negotiations but compensation is capped at the impact provided by the person.

The CEO's decisions and leadership may impact the company negatively which affects the worker who just showed up to work and now has no job while the CEO gets his bonus.

 

[2rosy]

Which part didn't work for you? Where did he go wrong?

He gave his opinion that creators of industry make a lot more than the workers in industry and he thinks that is not fair. He didn't mention that people are different.

 

[Frederick Foresight]

He gave his opinion that creators of industry make a lot more than the workers in industry and he thinks that is not fair. He didn't mention that people are different.

Perhaps we watched different videos.

 

[notagain]

Spartacus led a slave rebellion, that's what it would take to break the chains.
Pay increases cause more inflation which reduce's disposable income.
In a clown world anything is possible. It's like comedy only without the laughter.

 

[Frederick Foresight]

Spartacus led a slave rebellion, that's what it would take to break the chains.
Pay increases cause more inflation which reduce's disposable income.
In a clown world anything is possible. It's like comedy only without the laughter.

Back to the laughing academy for you.


P.S. You're clearly an Internet scholar.