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There is a lot of good intentions here but we did run a very large scale experiment for 69 years on about 300M people. It was called the Soviet Union and the re
by sytelus 7y ago
There is a lot of good intentions here but we did run a very large scale experiment for 69 years on about 300M people. It was called the Soviet Union and the results weren't pretty economically for the people. So the concern remains how long this can last, how brittle is this and how much can it scale.
- zaptidizap 7y agoYou cant generalize things that far. But for sake of argument: you are saying that they failed the challange at aliexpress/amazon level distribution - using pen and paper. I chat with 2 russian chaps working on the technicalities of that challange (coding the model in sofware) they had an interesting thing in common. They both had parents who tried to work the paper administration in soviet days. They told their kids countless horror stories about misplacing a bit of paper excluding entire regions from goods, like no shots. The parents were extreamely entugiastic about computers when they came onto stage. That! That is what we needeed!
- echlebek 7y agoI can't tell if you're naive or simply trolling. "There is one rule for the industrialist and that is: make the best quality goods possible at the lowest cost possible, paying the highest wages possible." -Henry Ford
- sytelus 7y agoRaising minimum wage is not same as paying equal wages to all (which is what this article describes). No one is trolling and comparison to Soviet experiment is close, if not exactly the same. Please read the article.
- aarpmcgee 7y agoI read the article. It pretty clearly states, many times, that 70k is the minimum wage, and says nothing about equal wages.
- sytelus 7y agoYou obviously missed the core of the story. The title itself is "The boss who put everyone on 70K". The CEO took cut from $1M to $70K. At least two people resigned because of pay cuts to $70K.
- baobabKoodaa 7y agoThis is incorrect. 70k is the minimum wage, and while Price may have reduced his own salary, he did not reduce anyone else's salary. Read the article.
- golergka 7y agoChiming in, absolutely not. My grandfather, excellent engineer, who was learning all his life (and still is) was getting a salary merely twice the level of low-skilled manual labourer (and not a high-skilled factory worker even). The only way to get a decent living was to climb social hierarchy of different government structures (government or the party, probably latter). This kind of system is nothing but broken.
- m0skit0 7y agoAre you sure they weren't economically pretty for the people coming from Russian Empire where 90% lived in absolute poverty and serfdom?