Really... you think this would be a good way of determining wages?<snip>
@skared, "worth" is an awfully arbitrary way to go about determining wages. Wages should be based on a percentage of said grocery store's income.
Really... you think this would be a good way of determining wages?<snip>
@skared, "worth" is an awfully arbitrary way to go about determining wages. Wages should be based on a percentage of said grocery store's income.
even for the pimply faced kid asking if i want paper or plastic?All labor is worth more than minimum wage.
i LOLed at that...thank youWages should be based on a percentage of said grocery store's income.
Oooooookay then...yes I actually do
Not exactly. It does require a level of skill, but there are far more "skilled" individuals than there are jobs. At Intel, my job was outsourced for the cost of 5 engineers in China. Where is my bargaining power now?Again, because your job is skilled labor, you have inherent bargaining power, while unskilled labor has very little.
how many times a day do you ask, "paper or plastic?"yes I actually do
Since the value of the good is much larger than the labor put into it, then labor is getting less than what it is actually producing. All of the labor (making the machines, using the machines, delivery, etc.) put into a good is much less than the good will be sold for, therefore the ones doing the labor are getting less money than they put out. A reasonable profit margin should be expected by management, however.And how is it that you have determined this?
Hold on.So after the operating costs of a store are covered, where do you recommend the money goes?
Since the value of the good is much larger than the labor put into it, then labor is getting less than what it is actually producing. All of the labor (making the machines, using the machines, delivery, etc.) put into a good is much less than the good will be sold for, therefore the ones doing the labor are getting less money than they put out. A reasonable profit margin should be expected by management, however.
so youre saying what? the laborers should get paid the value of the goods, but the company should still make a margin?Since the value of the good is much larger than the labor put into it, then labor is getting less than what it is actually producing. All of the labor (making the machines, using the machines, delivery, etc.) put into a good is much less than the good will be sold for, therefore the ones doing the labor are getting less money than they put out. A reasonable profit margin should be expected by management, however.
are you and samirol just f-ing with us today? or are you actually serious?Specifically I mean overhead, restocking, etc. All you have left to pay are wages.
As samirol indicated, wages ought to be a reflection of the value of said goods.
I'm saying that they should be paid a closer percentage to the value of what they produce. Since most labor produces considerably more than their local minimum wage, then they are underpaid.so youre saying what? the laborers should get paid the value of the goods, but the company should still make a margin?
Why is this a more reasonable idea than basing the wage on the supply and demand of (unskilled in this case) labor?Specifically I mean overhead, restocking, etc. All you have left to pay are wages.
As samirol indicated, wages ought to be a reflection of the value of said goods.
In my pocket and back into the business. I just wrote a paper last night on total compensation packages if you'd like to read my BS.So after the operating costs of a store are covered, where do you recommend the money goes?
Workers gets a better quality of life, because less goes into the profit margins and more goes into the people that actually made the goods.Why is this a more reasonable idea than basing the wage on the supply and demand of (unskilled in this case) labor?
I think he was classifying those all as operating costs.The average employee salary only accounts for 40% of the cost of that employee. The cost of having a breakroom, or offering medical benefits, or bonus plans, or uniforms, or coffee, or snacks, or PTO, or liability, or insurance...
What goods do you "create" at your job at the grocery? What is that worth? Seriously - how *specifically* would you calculate it?Workers gets a better quality of life, because less goes into the profit margins and more goes into the people that actually made the goods.
so youre saying that a company should take less money to profit and give it back to the workers making their products?Workers gets a better quality of life, because less goes into the profit margins and more goes into the people that actually made the goods.
I think he was classifying those all as operating costs.
Do they not aid in the creation of said product?so youre saying that a company should take less money to profit and give it back to the workers making their products?
brilliant! except for everyone else involved with the company...i.e. salesman, mngt, etc wouldnt benefit now would they?
It would be directly proportional to the labor required to produce it. A job that takes less labor would receive less pay and a job that would take more labor would receive more pay. For example, a family physician would receive less money than someone working in a tar factory, because tar factory work is more labor intensive. Education would be provided by the state in that example, though.What goods do you "create" at your job at the grocery? What is that worth? Seriously - how *specifically* would you calculate it?
i guess if you call inserting Bolt X into Hole Y "creation" then yes.Do they not aid in the creation of said product?
thats why you make minimum wage.A job that takes less labor would receive less pay and a job that would take more labor would receive more pay.
Hell - by his logic he shouldn't get paid at all.thats why you make minimum wage.
I don't, because I am in a unionthats why you make minimum wage.
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Joint study by Indiana University-Purdue University, and BeniCorp, Inc., an insurance company, Fort Wayne
OK - I'm out. I'll stop and let you tilt at windmills with your Sancho over there.It would be directly proportional to the labor required to produce it. A job that takes less labor would receive less pay and a job that would take more labor would receive more pay. For example, a family physician would receive less money than someone working in a tar factory, because tar factory work is more labor intensive. Education would be provided by the state in that example, though.
And the shareholders? You know, the guys footing a large part of the bill.Do they not aid in the creation of said product?
These guys really should take the initiative and create a company and apply their book knowledge of how things should work in the real world.And the shareholders? You know, the guys footing a large part of the bill.
For Marx, labour is value. Value is nothing but that fragment of the total labour potential existing in a given society in a certain period (e.g. a year or a month) which is used for the output of a given commodity, at the average social productivity of labour existing then and there, divided by the total number of these commodities produced. and expressed in hours (or minutes), days, weeks, months of labour.
I'm going to copy/paste this thread.HRM531 week six assignment said:Discussion Question 1 (Thursday): What are the advantages and disadvantages of unions? Provide examples.
quantifying the value of all labor to the number of muscle fibers firing is beyond stupid.It would be directly proportional to the labor required to produce it. A job that takes less labor would receive less pay and a job that would take more labor would receive more pay. For example, a family physician would receive less money than someone working in a tar factory, because tar factory work is more labor intensive. Education would be provided by the state in that example, though.
Yeah... I know. I still think trying to APPLY their book learnin' would be a good exercise for them. It's really easy to stand back and say "You should do it THIS way."Their ideas are nothing new.
Not if you're working in a tar factory.quantifying the value of all labor to the number of muscle fibers firing is beyond stupid.
If I lift 20 pound parts all day and the boss wants to increase the weight of the product to 30, I want a freakin' raise!quantifying the value of all labor to the number of muscle fibers firing is beyond stupid.