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The Inefficiencies Of The Hourly Wage System
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2024-12-27 at 11:07 PM UTCYeah like someone pointed out, salary exists for a reason.
Fast food is also a great example of where hourly pay makes a lot of sense. As long as my cook can flip burgers at a rate that meets the demand of my business I really don’t care if he’s faster or more efficient than the next guy. I need him to be available during my operating hours, and no gain in efficiency can change that. The goal of a restaurant isn’t to produce the maximal number of burgers per time unit but to satisfy an inconsistent and fluctuating volume of demand across its operating hours.The following users say it would be alright if the author of this post didn't die in a fire! -
2024-12-27 at 11:24 PM UTC
Originally posted by Kingoftoes Welcome to the Neoliberal blindfold. Also, yeah, a lot of portions of economic theory are still up in the air, even for basic things like market equilibrium that you are taught in high school.
How is being a simp to the invisible hand Neoliberalism? I reject property rights! 😡 -
2024-12-27 at 11:28 PM UTC
Originally posted by Lanny Yeah like someone pointed out, salary exists for a reason.
Salary is even worse. Instead of an employer averaging employee productivity over the period of a shift and using the amount of hours worked as a basis for determining payment, salary does not even attempt to pay an employee according to any metric even loosely based on worker productivity.
The worker is essentially given a static allowance for completing a certain task(s). -
2024-12-27 at 11:39 PM UTCOkay so wtf do you want a communist universal credit system where an AI scans everyone's eyeball in real time and deposits active credits in your account based on Kj energy spent?
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2024-12-27 at 11:41 PM UTC
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2024-12-27 at 11:46 PM UTCThe Noodle Boy would cook 100 burgers for $50
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2024-12-28 at 4:16 AM UTC
Originally posted by Kingoftoes Salary is even worse. Instead of an employer averaging employee productivity over the period of a shift and using the amount of hours worked as a basis for determining payment, salary does not even attempt to pay an employee according to any metric even loosely based on worker productivity.
The worker is essentially given a static allowance for completing a certain task(s).
Originally posted by Kingoftoes Contract pay.
So I 100% get the argument here and agree in principle. In my experience though it doesn’t seem to work like this. If you’re salaried you typically have a career ladder and bonus and comp structures to incentivize better performance, losing comp isn’t really a thing, at least as far as I know, but there is the threat of being laid off.
Conversely contractors are infamous for taking whatever shortcuts they can because they are unlikely to have maintain their own work -
2024-12-28 at 4:37 AM UTC
Originally posted by Lanny I need him to be available during my operating hours, and no gain in efficiency can change that. The goal of a restaurant isn’t to produce the maximal number of burgers per time unit but to satisfy an inconsistent and fluctuating volume of demand across its operating hours.
doesnt change the fact that a less efficient worker would be less able to cope with the surge of demands during peak periods than an efficient one can.
and as a manager whose sallary is directly tied to branch performance, an efficient worker would be much desired over some unproductive and inefficient negroes.
you obvioulsy have never managed any productive economic activities. -
2024-12-28 at 4:40 AM UTC
Originally posted by Charles Ex Machina doesnt change the fact that a less efficient worker would be less able to cope with the surge of demands during peak periods than an efficient one can.
and as a manager whose sallary is directly tied to branch performance, an efficient worker would be much desired over some unproductive and inefficient negroes.
you obvioulsy have never managed any productive economic activities.
You've never been any part of any productive economic activity. -
2024-12-28 at 4:42 AM UTC
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2024-12-28 at 4:48 AM UTC
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2024-12-28 at 4:49 AM UTC
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2024-12-28 at 4:50 AM UTC
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2024-12-28 at 4:50 AM UTC
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2024-12-28 at 4:51 AM UTC
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2024-12-28 at 4:58 AM UTC
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2024-12-28 at 5:08 AM UTC
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2024-12-28 at 6:04 AM UTC
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2024-12-28 at 1:15 PM UTC
Originally posted by Lanny So I 100% get the argument here and agree in principle. In my experience though it doesn’t seem to work like this. If you’re salaried you typically have a career ladder and bonus and comp structures to incentivize better performance, losing comp isn’t really a thing, at least as far as I know, but there is the threat of being laid off.
Conversely contractors are infamous for taking whatever shortcuts they can because they are unlikely to have maintain their own work
No one can explain why during the great depression wages didn't just shrink. Sticky wages is the concept.
