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Strategies & Market Trends : Galapagos Islands
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To: LTK007 who wrote (4708)10/3/2002 9:13:44 PM
From: Jorj X Mckie  Read Replies (1) of 57110
 
I got paid 2.75 an hour.

If the danger, brutality and skill level didn't warrant $2.75/hour, you were always welcome to find another job. But, you obviously needed the $2.75/hour and you priced your time accordingly.

If a competing company decided that they wanted to get the best lidsmen for the job, they could raise their offering wages to $3.25 and attract the best and get a competitive advantage. And then Alan Wood would say "whoa! they took all of our best lidsmen and now we are stuck with these slackers who aren't as productive. And though their wages are cheaper, their productivity rate is nowhere near as good, so our costs are actually higher...we're going to offer $3.50/hour and get the good guys back or attract other more qualified people into the field".

The fact that a job is hi-tech or that the workers are highly trained is meaningless to me. I believe in the free market and the right to work. Unions go counter to both of these ideals.
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