User Controls
The Inefficiencies Of The Hourly Wage System
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2024-12-31 at 3:29 AM UTC
Originally posted by Speedy Parker Threat has nothing to do with it. If I pay you say $20.00 per hour and you work 40 hours I have to pay you $800.00 plus about another 25% on matching payroll taxes/fees. Or roughly $1000.00 for 40 hours of your labor. If I pay you a salary of $1000.00 per week I can work you 80 hours for the same $1000.00 plus about $250.00 in payroll crap. If I am paying you $20.00 per hour and work you 80 hours in one week it will cost me $1000.00 for the first 40 hours. The second 40 hours I have to pay overtime at a rate of $30.00/hour or another $1500.00. The hourly worker would cost me $3500.00 for 40 hours. The salaried worker would save me $2250.00 for the same 80 hours.
achtung juden -
2024-12-31 at 11:16 PM UTC
Originally posted by Kingoftoes Salary is economically inefficient, meaning that supply and demand are not in or close to equilibrium. Salary is inefficient because it does not accurately allocate pay to a worker based on their output.
Supply and demand for what? Labor? I’m not sure I buy that this is an actual economic reality. I don’t really see any evidence that employers have an excess of labor (supply exceeding demand). If employers can roughly gauge their demand for labor and always seek to salsify that they’ll have on average .5 employees excess per role which for all but very small businesses is inconsequential.
I’d you’re talking about compensation, I don’t think you can talk about comp in terms of supply and demand, employees have an effectively unlimited demand for comp.Yes, it is not suitable for all types of work, especially if you are working for a corporation/union that you are bound to. That's why private contractors are private. Even if salary is inefficient for all parties involved, I suppose corporations have the extra money to blow on an employee that has specialized in their field.
I don’t think it’s a matter is blowing money because corps have too much. Again I’ll point to the overhead implied by contract work (negotiation, assessment). I think most employers rightly judge that that overhead exceeds any benefit of deliverable based work. -
2024-12-31 at 11:59 PM UTCDemand is infinte at zero price and supply is only bounded by infinite price. Everything has its price. No goods change hands without a price. You learn this stuff in tichon if you're not retarded.
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2025-01-01 at 12:24 AM UTCI wanna make a maximum wage
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2025-01-01 at 12:27 AM UTCsmart contracts
web3 is the future
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2025-01-01 at 12:29 AM UTC
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2025-01-01 at 1:53 AM UTC
Originally posted by Speedy Parker The hourly worker would cost me $3500.00 for 40 hours. The salaried worker would save me $2250.00 for the same 80 hours.
on a serious note:
this is not, i repeat NOT an example of 'efficient' wage system. theres no such thing as an "efficient" wage system. a wage system is a system to reward productivity with monetary gains.
therefore a "wage syatem" can only be either:
1 - it is rewarding productive labor with FAIR and adequate monetary/material compensation - ie - SYMBIOTIC
or
2 - it is rewarding productive labor with UNFAIR and grossly inadequate monetary/materiel compensation - ie - PARASITIC.
paying a worker who churned out 20k dollars of products in 80 hours for your bar and grill 1/10th of what he/she produced is not a fair or "efficient" wage system.
IT IS A PARASITIC "WAGE" SYSTEM.
you are a parasite.
only a jéw would equate a parasitic equation as "efficiency"
achtung juden ! -
2025-01-01 at 1:55 AM UTCWow! TheDarkRodent is a Jew!
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2025-01-01 at 1:57 AM UTCI heard his grandfather escaped the holocaust by floating to America on his nose
Unfortunately speedyparkers has such a pronounced leak in the hull -
2025-01-01 at 2:02 AM UTC
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2025-01-02 at 2:26 AM UTC
Originally posted by trippymindfuk You might have to swallow your pride and try to get a shitty little job in like fast food or a factory or something. Unfortunately you can't always find jobs you like but this way you can have something to show you have work experience. If you don't like it just keep going while you put in other applications.
I remember when jobs weren't shit to find, back in the day I've quit a shitty job and went and got another job that same day. Things definitely ain't the same lol.
Best wishes to the job search
You're right, but the thing is, it's not pride that stops me from working fast food jobs. I just don't have the experience and also my hands are naturally shaky so I probably wouldn't be good at it. Oh and also I would have to wear work clothes which does not go well with my OCD. Thank you for the best wishes. And also, you're absolutely right about that as well, it's much harder to find a job these days, even if it's shitty. -
2025-01-02 at 2:34 AM UTC
Originally posted by Michael Myers You're right, but the thing is, it's not pride that stops me from working fast food jobs. I just don't have the experience and also my hands are naturally shaky so I probably wouldn't be good at it. Oh and also I would have to wear work clothes which does not go well with my OCD. Thank you for the best wishes. And also, you're absolutely right about that as well, it's much harder to find a job these days, even if it's shitty.
So in other words you are useless. -
2025-01-02 at 2:36 AM UTCYou take a shitty job, you meet new people, you make new connections, you value those connections by making new connections, you move forward with new experiences, you work your way up, one step at a time. It's not the launching point or the destination that matters, it's the journey. Three steps forward, two steps back.
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2025-01-02 at 4:26 AM UTC
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2025-01-02 at 4:36 AM UTC
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2025-01-02 at 4:37 AM UTC
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2025-01-02 at 4:38 AM UTC
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2025-01-02 at 4:40 AM UTC
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2025-01-02 at 4:42 AM UTCThis could work for wages probably
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2025-01-02 at 4:49 AM UTC
