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No, not at all. I think it would have made more sense to give each employee a raise based on a percentage of their income. That way, everyone gets a pay raise,
by DarkTree 11y ago
No, not at all. I think it would have made more sense to give each employee a raise based on a percentage of their income. That way, everyone gets a pay raise, and you can give more money to the lower earners without offending employees because it is an equal percentage increase.
- jsprogrammer 11y agoThe "higher earners" would receive an even larger increase in that case.
- hueving 11y agoThey would need a slightly larger raise to offset taxes, but you're a percentage match is probably too much.
- DarkTree 11y agoNot if you take into account taxes.
- jsprogrammer 11y agoTaxes won't matter. The higher earners receive a larger increase than they would have under a different regime (where everyone receives a constant $ increase [normalized for the "lowest earner"]).
- deleted 11y ago[deleted]
- jkestner 11y agoWell, the company does have a finite amount of money, and he wanted to get the minimum pay to the $70K that studies say make the most difference. I hope CEOs don't use the same thought process to keep their pay at 300x their minimum wage workers when the minimum wage is raised to $15.