Which companies pay Americans the least and why?
Okay, so, this one is kind of a tough one because businesses are in business to make money (unless they’re a non-profit, of course), and we all get that — or at least I hope and pray we do because there’d be no reason to be a business owner otherwise. That said, I’m not a personal fan of the “push” for $15/hr minimum wage. More on that in a minute. I’m also no fan of the cost of living being so high that average Americans struggle to survive, let alone thrive when they’re paid less.
Here’s the reality of both sides of this proverbial coin:
Workers (most with entitlement syndrome, admittedly — who honestly should be clean smacked by their mama or daddy for that) want and fight for $15/hr. That’s all well-n-good except, let’s keep it real folks, there are many jobs that, frankly, require little-to-no skill and fail to meet the litmus test of warranting that kind of pay. Plus, in a culture and society where most everybody also wants to scream and hollar about how much everything costs, some of the businesses/employers these very workers are yelling most loudly about really cannot operate with any decent profit margin (if any at all) if they do this. So the vicious circle begins.
Workers want $15/hr minimum wage –> Governments (State and/or Federal) enact this, requiring employers to pay no less –> Employers are unable to remain profitable while paying employees so much while still keeping their prices at current levels, so one of two scenarios takes place:
- Employers raise prices, passing those costs on to consumers –> Consumers are unable to buy the goods at the new, higher prices, so they stop buying –> The business fails, leaving all their workers unemployed… with NO income
- Employers realize there’s no way for them to support this new wage and actually stay in business –> They release their workers, leaving them unemployed with NO income –> They seek out automated sources to manage the bulk of their operations
Oh, and if you think not, #2 is already happening. Self-checkouts at your local grocery store — which I refuse to use because I see no reason to scan and bag my own stuff while paying the same price as everybody else AND put a fellow working-class American out of a job (eventually). Automated ordering kiosks at fast-food restaurants — but no change in prices. Automated machinery in restaurants (of all kinds), taking the place of a live human being.
THIS is a cycle, people, and there is no viable end…
save for our own control of living costs, taxation, supply and demand, etc.
My other (personal) issue with this is simply…
If a company is making a profit of millions or billions, paying their “average” (mostly part-time) employee $7 – $9.50/hr, the CEO should NOT be getting paid millions or billions. Yes, they should get “more”. They bear a big burden company-wide. I’m not disputing that. Still, their pay should be more reasonable, some of the profits should be reinvested into the business to keep it competitive in the marketplace, and the rest (presuming they feel uneasy about guaranteeing a higher wage throughout the year) should be redistributed to the employees in the form of a profit-sharing plan. I don’t think there’s a rational employee who wouldn’t feel good about such an arrangement. They know the business has to be profitable. They know it has to remain competitive for them to remain employed. Most would even understand getting NO “bonus” every year (quarter, six months, or whatever frequency is chosen) if the company itself is having a down-turn. Sharing profits with employees when they ARE available, however… In MY opinion, one of the smartest, loyalty-building, productivity-focused things a business can do. I’m just sayin’.