How much should a worker be paid?
Rusty Shackleford
2012/06/11 19:24:45
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1 vote
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4% | |||
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19 votes
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79% | |||
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3 votes
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13% | |||
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1 vote
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4% | |||
EXAMPLE:
Bob's labor directly generates $500 a week for the owner of a company. How much money should Bob be paid at the end of the week?
Bob's labor directly generates $500 a week for the owner of a company. How much money should Bob be paid at the end of the week?
Why should the owner assume all the risk but end up with the same rewards as those who risk nothing?
Labor cost to customer $65/hour for 8 hours - 20 minute break = $500
Pay Bob $20/hour for 8 hours labor = $160
That leaves the Boss $340 for finding the work for Bob to do.
If Bob was smart he would have found his own work and had $500 for 8 hours of pay.
It's good to be the king.
Unless your a Liberal and wrote it....
If Bob wants to make the most money he can , he must be his own employeer....
Then he can work half days seven days a week....
It really make no differance which 12 hours he works either....
So. Bob will be worth a few cents less than those competing for his job, to make him cost-effective. To know what Bob is worth, you'll need to know what Al and Tom would cost.
Even if I say "Bob gets $490 and his employer gets $10" then Bob STILL gets "Less money than he generates for his employer." He generated $500.