I didn't for a little bit myself. To be fair, it's pretty dumb Poeing, and there's no reason to think him insincere rather than just dumb. There's no real hook to it.

If you're a line employee your contributions to corporate success are pretty limited. You're one of a thousand employees, even if you're fantastic your contributions are going to have a marginal impact on firm profitability.

In sales this clearly isn't the case (and a different compensation model prevails), but for Operations, Client Service, and IT it makes more sense to pay for talent / experience at a set salary. Overachievers get raises and promotions, pushing them into roles where they'll eventually have a greater impact.

An overachiever shouldn't get a smaller bonus because the firm did poorly, and an underachiever shouldn't get a huge bonus when the firm does well.

This post was edited by bogie160 on Apr 18 2016 11:08am

Ok.

This is just another reason why it makes no sense for a company to increase its workers' wages when its revenue/income increases.

companies naturally raise wages due to competitiveness of the industry. As profits soar, competitors compete for workers capable of serving them best to get customers. Wage wars are a very real thing.

Yes, but only in jobs where supply and demand actually applies. In positions where there's way more supply than demand (such as most blue collar work), employers consider most of their employees to be completely replaceable. If someone gets stolen away by a competitor, you simply replace him with someone else.

For those people, wages are only raised if they actually need to be raised.

No they don't because this isn't happening nor has it happening. You just make up shit all the time and say it is some sort of truth. You are the worse.

This post was edited by Skinned on Apr 19 2016 05:10am

Did you get to read the random thesis he wrote? Lots of general stuff like "money is how we measure value" with no references and no greater detail on anything.

Anyway he's what me and my friends call "your typical IQ 105". Smart enough to make some connections, but not smart enough to weed out the shitty conclusions.

Ethical egoist tend to project their personal values on everything and assume people are just not being honest with themselves or others.

So in summary a raise on wages in those fields would be independent of supply and demand?

It sounds like you're making an argument for education, not a raise in the min. wage.

I would much rather have a system in place where we actually re-educate low value workers rather than raise minimum wage. Make someone worth $15 an hour rather than just artificially forcing the wage.