Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (106962)	6/6/2001 7:50:07 PM
From: Skeeter Bug	Respond to of 436258

grace, good note. i'm not for simple solutions (just raise minimum wages, or whatever) to solve complex problems (working poor) b/c they are too simplistic. having said that, i'm not for automatically writing it off as part of a reasonable solution. if i were running a business i would 1. develop employee skills over time so that lower wage workers will tend to grow into bigger paychecks (win /win for employee and business - and it sounds like you take this approach). 2. pay competitively. 3. offer a profit sharing plan so that employee interests are aligned with company interests in a real way and people feel the pinch when the company feels it and folks are rewarded when life is good. depending on the business, the wage could be minimum wage (whatever that is at the time). however, i wouldn't start a business knowing i had to pay folks minimum wage to stay afloat. a minimum wage person could argue that more $$$s in their pocket would mean more demand (possibly inflation - though greenspan would "massage" it out of the numbers, anyway ;-) and, therefore, more investment would eventually take place. the rich have trickle down. the poor have trickle up. the rich have lobbyists, the poor don't -ng-