should your wages be tied to the profitability of your company?

[RidonKs]

no matter where you work?

then use bonuses and promotions to tip the scale in whichever direction is appropriate of one's merit

[Akrazotile]

Hm, lets first do a trial balloon with govt employees only

[HitandRun Reggie]

Such if there's profit sharing, should there be "profit losing" too?

[Myth]

Only as the owner or have a direct link to the profits of the company. There are tons of jobs where you don't have direct link to the profits of the business. If you are an assistant and don't do anything but make your boss's job easier, but they screw up something that makes the business suffer, you should not be punished for their mistake.

[iamgine]

Only if you're in a really high decision making position. i.e CEO.

That greeter at Walmart? Not so much.

[~primetime~]

Maybe force companies to give out royalty bonuses each year...every employee gets 'x' amount of money based on what the company did that year.

Perhaps companies are forced to profit share say 25% of the companies profits, rest goes to the owners...no profit, no bonus for anyone, it's a great work incentive.

I know companies that do this, and have worked for some even, it's great, makes things much more exciting.



problems can come up from this though, but they can be fixed...like 'employee A' who has worked with the company for 30 years getting the same bonus as 'employee B' that just got hired.

OR maybe companies have a multitude of products...like Apple for example, lets say the iwatch fails horribly but the company still profits from the iphone. Do the employees that failed get to profit share with the employees that succeeded? And you might have some employees with their hands in the mix of both products.

[HitandRun Reggie]

Only if you're in a really high decision making position. i.e CEO.

That greeter at Walmart? Not so much.

WalMart used to have profit sharing, not sure if they still do. 5% of store profits. 2.5% went to the store manager, the other 2.5% was divided amongst all the other employees. Doesn't sound like a lot but I had an aunt who collected $1300 one year.

[NumberSix]

Maybe force companies to give out royalty bonuses each year...every employee gets 'x' amount of money based on what the company did that year.

Perhaps companies are forced to profit share say 25% of the companies profits, rest goes to the owners...no profit, no bonus for anyone, it's a great work incentive.

I know companies that do this, and have worked for some even, it's great, makes things much more exciting.



problems can come up from this though, but they can be fixed...like 'employee A' who has worked with the company for 30 years getting the same bonus as 'employee B' that just got hired.

OR maybe companies have a multitude of products...like Apple for example, lets say the iwatch fails horribly but the company still profits from the iphone. Do the employees that failed get to profit share with the employees that succeeded? And you might have some employees with their hands in the mix of both products.
Or, here's a crazy idea......

Let the people who run their company decide how to run it.

[RidonKs]

Or, here's a crazy idea......

Let the people who run their company decide how to run it.
people who start companies are meatheads who know how to drive the expertise of the people around them. they're like bootcamp instructors or high school gym teachers.

[poido123]

In society, most people would not reach a "profitability" level IMO

People have families and society needs structure and the workers no matter how useless they are, need to be employed or there will be a number of other issues to deal with.

Unemployment creates crime, mental health issues, suicide etc etc

[outbreak]

Only if you are one of the heads of the company. If you are just an average joe clocking in to flip burgers for example why should it be your fault if the policy makers make bad choices that cost the company money. Jobs where people directly bring in sales usually work on a comissions basis so this is already kind of in place there.

[RidonKs]

Unemployment creates crime, mental health issues, suicide etc etc

right on breh

if they aren't going to tax trillionaires and dump the money onto cities with planes, they should just pump it into a poorly run subsidized factory dozens of city blocks big where they make sweaters and organize files and whatever the fk you want done u go rent a small room at the subsidized government embassy just out of town and hire one of the gazillion people there to do what you need done... cheap rent, waive rent under certain circumstances, multi-purpose rooms, loads of equipment from govt oversupply, digital networking platforms for connecting wit whatchu need and begone worries the whole fgging world is employed and i got somebody to help me count the pennies in my life sized piggy bank

[Jailblazers7]

Nah, it would be untenable. It would basically be like everyone being paid in stocks and your income is a dividend payment. Do workers get to vote on every significant decision made in their department? Does the company as a whole vote on all corporate actions? Is pay tied to productivity so others can't free ride? I'm sure it been tried somewhere in history and didn't work well. Basically communism at the corporate level which would be kinda hilarious.

[IGOTGAME]

Maximum wage. No board member can make more than 20 times the lowest paid employee.

[NumberSix]

Maximum wage. No board member can make more than 20 times the lowest paid employee.
Of course. Dan Gilbert must not make more than 20x what a Cavs janitor makes.

[IGOTGAME]

Of course. Dan Gilbert must not make more than 20x what a Cavs janitor makes.

Exactly. Number might be 20 or a little higher but that is exactly what I want for all corporations.

[Jailblazers7]

Exactly. Number might be 20 or a little higher but that is exactly what I want for all corporations.

So just max salary or max comp? I could see the salary thing not meaning a thing once bonuses and stock options come into play.

[Akrazotile]

Exactly. Number might be 20 or a little higher but that is exactly what I want for all corporations.


Except Dan Gilbert makes a salary, and many employees make a wage. Ball boys work 10-12 hours a week while management (hell even players when you include practice, travel, media etc are working 40, 50, 60 hours a week.

But you still want to scale them against a 15 yr old ball boy working 10 hours a week retrieving basketballs at an NBA game?



Honestly, I think it's brilliant :applause:

[IGOTGAME]

So just max salary or max comp? I could see the salary thing not meaning a thing once bonuses and stock options come into play.

That's a good question. Gonna look into other countries that have done this. Seems like an interesting idea and I'd rather do this than raise min wage

[IGOTGAME]

Except Dan Gilbert makes a salary, and many employees make a wage. Ball boys work 10-12 hours a week while management (hell even players when you include practice, travel, media etc are working 40, 50, 60 hours a week.

But you still want to scale them against a 15 yr old ball boy working 10 hours a week retrieving basketballs at an NBA game?



Honestly, I think it's brilliant :applause:

you know this isn't some foreign concept. Pretty sure it's already happening. Obviously someone has to draft good legislation to deal with issues like this but i like the fundamental thought process behind it

[poido123]

Opinions will vary here, depending on if you're currently a manager, employee, self employed or owner. I've been a manager, soldier and employee.

The most important thing to keep in mind is, if we are not employing as many people as possible, then don't go complaining about your house being robbed, homeless people on the street, or someone losing hope killing themselves and others.

Employment is so important for peoples self worth in life.

The value to production should only be bestowed on a worker when it comes to a sales role, so I think as it is it's the right way.

[Akrazotile]

you know this isn't some foreign concept. Pretty sure it's already happening. Obviously someone has to draft good legislation to deal with issues like this but i like the fundamental thought process behind it


Why not just refuse to pay 80 dollars for a basketball ticket? Or 10 dollars for a hotdog? Make these owners drop the prices, and while everyone at the bottom will still have to get paid, the people at the top will have less to pocket, and YOULL save yourself some money.

How bout teach kids not to pay $110 for sneakers?

How bout encouraging people to be smarter with money, that way savvy business people dont have a chance to just vaccuum it up?

When you put it in the hands of government, its only going to be abused, corrupted and manipulated. People will still find a way to be wealthy.

[IGOTGAME]

Why not just refuse to pay 80 dollars for a basketball ticket? Or 10 dollars for a hotdog? Make these owners drop the prices, and while everyone at the bottom will still have to get paid, the people at the top will have less to pocket, and YOULL save yourself some money.

How bout teach kids not to pay $110 for sneakers?

How bout encouraging people to be smarter with money, that way savvy business people dont have a chance to just vaccuum it up?

When you put it in the hands of government, its only going to be abused, corrupted and manipulated. People will still find a way to be wealthy.

Personally I want a system where profits are shared with employers ... This seems to be a good way for this to happen.

In our current system no matter what actions we all take there will still be the same pitfalls regarding CEOs not reinvesting profits in their workforce. His would help the middle class

[Akrazotile]

Personally I want a system where profits are shared with employers ... This seems to be a good way for this to happen.

In our current system no matter what actions we all take there will still be the same pitfalls regarding CEOs not reinvesting profits in their workforce. His would help the middle class


Alright, well I mean if someone draws up a real strong proposal that isnt full of obvious holes than maybe it'd be something to look at. But I just think thatd be hard to do and I personally dont see this as one of the more meaningful things to focus on in terms of getting a more stable and balanced economy.

[iamgine]

Profit sharing is already pretty common. Be it through target incentive, bonus, commission or straight stock option. They're all basically profit sharing. In one of my small inn business we shared 5% of the price of every room sold to the employees.

[IGOTGAME]

Profit sharing is already pretty common. Be it through target incentive, bonus, commission or straight stock option. They're all basically profit sharing. In one of my small inn business we shared 5% of the price of every room sold to the employees.

I obviously would like much much more.

[iamgine]

I obviously would like much much more.
Those are not 5% of profit though...those are 5% of goods sold price.

[KNOW1EDGE]

No.

But if that were the case I'd go back to work for Nike.