Off-Topic: $70K minimum wage
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Name:
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MartiniMan
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Subject:
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$70K minimum wage
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Date:
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4/17/2015 1:17:43 PM
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That is my understanding as well. To me though, if some receptionist makes $70K and I have a lot of other responsibilities and stress and only make $80K because that is the market value of my position I am going to expect to be paid more. I am doing more, I am contributing more, I am way more valuable to the company than the receptionist and so on. So even though most people in my position only make $80K (which is double what they pay their receptionsist) then I should get double what they pay the receptionsist, right? So now instead of having to just pay the low end people $70K they will also have the others asking for more money because they contribute way more to the success of the company than a lowly receptionsist.
Again, this may all work out fine for him but given my 25 years owning a business I am skeptical. If you watch closely he will soon enough be trying to put that genie back in the bottle. Could spell his doom.
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