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This reminds me of the millennial mantra that I've been seeing over the last year or two. Pay us more money. We don't want parties, prizes, perks or pizza. W

This reminds me of the millennial mantra that I've been seeing over the last year or two. Pay us more money. We don't want parties, prizes, perks or pizza. We want money. Determined to show you care about your employees? Pay them more money. Want to retain employees longer? Pay them more money. Want your employees to be able to afford education and health care? Pay. Them. More. Money.

savanaly 5y ago
If only actual wages were tax-deductible.
- standardUser 5y ago
  Indeed, we have an elaborate government system designed to give businesses a thousand ways to reduce their tax liability, none of which include simply paying employees more money.
arcturus17 5y ago
What if the employer can buy for 20k, through scale, something that is worth 100k to you?
prepend 5y ago
These aren’t exclusive options. I’d rather have tuition than money because of tax advantages. Free college is free college. Paying me $1k extra to then pay taxes is less. Also, this is biased toward people who want degrees so if I use it, it’s way more than they would pay me. I’m not an anti-millennial (some of my favorite selves are millennials) but having absolutist mantras is stupid when it’s an alternative to having smarter, more beneficial work situations. I have a long list of things I’d rather have than money. I’d probably take a $30k pay cut to work remotely, for example.
- standardUser 5y ago
  "I'd rather have tuition than money because of tax advantages" Right, government policy has created an incentive for you to desire an employer-linked scheme instead of higher wages. The employer gets a tax benefit, and you get a more limited and convoluted way of getting compensation.
  - prepend 5y ago
    All employee compensation is a tax benefit. What are you talking about? Wages are an employer tax benefit too. From a tax perspective, wages and tuition are pretty similar. I think the main benefit is that not many employees will take the benefit. And they can negotiate some big discount with an online university. So buying 10k degrees is cheaper than 10k paying on their own. In my case, I’d rather have tuition because I’d get more return than higher wages.

savanaly 5y ago

If only actual wages were tax-deductible.

standardUser 5y ago
Indeed, we have an elaborate government system designed to give businesses a thousand ways to reduce their tax liability, none of which include simply paying employees more money.

arcturus17 5y ago

What if the employer can buy for 20k, through scale, something that is worth 100k to you?

prepend 5y ago

These aren’t exclusive options. I’d rather have tuition than money because of tax advantages. Free college is free college. Paying me $1k extra to then pay taxes is less. Also, this is biased toward people who want degrees so if I use it, it’s way more than they would pay me. I’m not an anti-millennial (some of my favorite selves are millennials) but having absolutist mantras is stupid when it’s an alternative to having smarter, more beneficial work situations. I have a long list of things I’d rather have than money. I’d probably take a $30k pay cut to work remotely, for example.

standardUser 5y ago
"I'd rather have tuition than money because of tax advantages" Right, government policy has created an incentive for you to desire an employer-linked scheme instead of higher wages. The employer gets a tax benefit, and you get a more limited and convoluted way of getting compensation.
- prepend 5y ago
  All employee compensation is a tax benefit. What are you talking about? Wages are an employer tax benefit too. From a tax perspective, wages and tuition are pretty similar. I think the main benefit is that not many employees will take the benefit. And they can negotiate some big discount with an online university. So buying 10k degrees is cheaper than 10k paying on their own. In my case, I’d rather have tuition because I’d get more return than higher wages.