The Glade 4.0

Lets face it, the financial rewards are not really tied to hard work. Hard work is hardly a measure of financial success. The individuals working 60-80 hour weeks in low paying, hard working jobs are not doing well. Our market system rewards those who work inept middle managers far more than it does those who work 'in the trenches'
I'm sure Khross would say those middle managers are worth more because someone is willing to pay them more.

But such statements are based on a wishful-thinking attitude that merit is the only reason people hold jobs. It couldn't be nepotism (or any other -ism) that put one person over another in that position.

The system is fundamentally unfair.


Taskiss that's not exactly what its doing. The System SHOULD allow people to work longer/harder/faster/better/smarter to earn more. But the rewards should be more linear than exponential. Someone who works 20% harder should make 20% more. Someone who is 30% smarter should make 30% more. If I can do the work of 2 people I should get paid for 2 people. But that isn't how the system works; the system pays astronomically higher salaries to people who, even in a perfectly merit based system, are only slightly better than those they're promoted above. The system continues until people make 9 figure salaries, who still make the mistakes that drive companies into the ground, (or are outright criminal) and walk away with golden parachutes and never pay for the crimes they commit.

TheRiov:

Actually, here's what I would say ...

Labor is not synonymous with work. You should re-consider your arguments with that in mind.

I've done demanding physical labor. I've been a field hand, a stevedore, worked in a paper mill, and worked heavy construction. What I do today is no less difficult or demanding overall, but it certainly pays better; I developed skills that are more valuable than the skills I developed cropping tobacco and working in heavy construction or a production plant. Stevedores, however, are a special case who are developing incredibly relevant skills and are grossly underpaid at the moment. If you have a stevedore's skills and a college degree, you should be looking for supply-chain work and waiting for that first six-figure salary at the moment (that's a real market demand right now).

Middle managers are worth more because middle managers have skills with a higher level of requisite investment and return on the business's investment in the employee. Of course, as computers become more powerful, software becomes more intelligent, and systems engineers and software designers come up with better automated solutions, those middle managers are being obviated by technology, too.

Enterprise Resource Platforms replace accountants, data analysts, and middle managers all the time. Automation reduces headcount; the more automate, the less human beings we need. The fewer human beings we need, the more we can invest into systems and approach an 6-sigma level of quality control in indirect production processes.

That said, if you want fair ... if you want equitable, you cannot focus on outcomes. Outcomes are not the problem; opportunities are the problem. Unfortunately, an equality of opportunity does not produce an equality of outcome, and that just doesn't sit well with people who think things need to be fair.

Tell me, are you worth more than the custodians at your place of employment?

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I'm not dodging this post, but I generally do not post at work very often these days.

This will take a very long response, but I can give you the TL:DR version before I go off to take care of a few things around the house.

Short version: eliminate the minimum wage; suffer the very long, painful market correction that's going to cause; and retrain our society going forward with the skills, social norms, and cultural values that make success a possibility.

Also, force our government to stop operating like a cash flow business.

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"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

Our entire social construct hinges on the top down regulation of opportunity in an attempt to rig outcomes. We're so bad outcome adverse in the United States that it is ridiculous. The easiest way to avoid bad outcomes is to prevent the opportunities that produce bad outcomes. Wealth inequality is a bad outcome to those who believe wealth should be fair.

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http://www.nber.org/digest/jul06/w11895.html



Seems people who work more also make more.

As a side note, anyone with the right skill sets and resources can create wealth out of thin air. Wealth isn't zero sum. It can be created through labor.

And hard core porn.

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"...the line dividing good and evil cuts through the heart of every human being. And who is willing to destroy a piece of his own heart?" -Aleksandr Solzhenitsyn

1. **** Detroit. I can't go there without something bad happening.

2. Do not...DO NOT bring up the Republicans when speaking of Detroit. There hasn't been one there in 60 years.

3. Someone fix Khross's avatar.

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Raell Kromwell

3. Aww, my androids in love are broken too.

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"...the line dividing good and evil cuts through the heart of every human being. And who is willing to destroy a piece of his own heart?" -Aleksandr Solzhenitsyn

I survived Detroit and all I got was this stupid post

Sent from my GT-P3113 using Tapatalk

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I prefer to think of them as "Fighting evil in another dimension"

I blame Kid Rock, who is from Detroit.

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"...the line dividing good and evil cuts through the heart of every human being. And who is willing to destroy a piece of his own heart?" -Aleksandr Solzhenitsyn

Kid Rock is from Romeo.

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Raell Kromwell

The reason why Australian's have higher income is because we have a higher standard of living. The average house here is around 600k and going up every day. If you want to live anywhere kangaroo's don't skip across your yard, you're looking at an easy $1 Million. If you want a decent place with public transport, you're looking at $1.5 Million...

So ratio wise, our wages are not that great to be honest...



This also comes at a suprise to me.. if my investment portfolio isn't doing between 8-10% average, I would look for a new financial advisor... Only time when it stagnated was during the ecnomic crisis, but even then I've still got a 10 year average of around that number...

It actually gets worse. Due to taxation changes and other provisions within the ACA, American financial advisors are now recommending you have between 100 and 110% of your last job's income as retirement income.

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Budget. The last years of someone's working life they are typically putting money away like crazy (mortgage paid off, kids out of the house, etc). That doesn't need to be maintained.

That's actually not suprising, depending on when you plan to retire this should almost be considered the minimum. By my retirement age, I will have 10 x my wage (through self contributed super) + investment portfolio + 2 x investment housing + a paid off house.

Thats the plan, and there's a hell a lot of work to do in between then.

That being said super (or retirement fund) is paid for by your employer in Australia (approx 9% of your wage), but I contribute an extra 6% a year. So in total, every year 15% of my wage is being put away in an investment fund as a minimum. Any extra savings are used in the other 3 categories...

Of course I'm also putting away so much because I'm a lazy arse and I want the option of doing nothing but playing games all day when I retire hehehehehehhe...