Donald Trump: wages are 'too high'

[Benton]

(11-13-2015, 03:06 PM)Belsnickel Wrote: This has been a hot topic of discussion here because during this most recent legislative session, our advocacy group (public employees aren't unionized in Virginia, but we have an advocacy organization at least) put forth that not only were we the worst state in compensating our public employees, but the number of public employees receiving welfare assistance (be it SNAP or what have you) increased by 2000% over the past decade.

It's been a concern for a lot of companies locally. I work in an area where tourism is the #1 revenue generator. Most of the businesses employee low wage earners and many are seasonal. Lots of restaurants, services industry jobs, etc. The employers are concerned they won't be able to stay profitable or competitive with other markets if they have to pay help $15 an hour. And the long-term, career employees (managers, branch operators, boat mechanics, etc) are worried they won't be able to have much of a living as their wages here fall in the $12-18 range. Their (the workers) concern is their rent, food prices and other cost of living will mean they will basically offset and they'll be on some kind of public assistance.

(11-13-2015, 03:48 PM)fredtoast Wrote: With CEOs changing jobs constantly at some times this is not even a consideration within a company.  The current CEO will sacrifice long-term sustainability for short term profit because he/she will be gone when the company goes down the tubes.  And a lot of stockholders don't care because it is easy to trade stock.  But it is never easy for society as a whole to re-build the damage done in loss of jobs from a company going under.  

It's not just the CEOs. Like you mention with the stockholders, it's rampant in some companies once you get into any management position.