5 companies that owe workers a raise
Compensation can take many forms, but cold, hard cash is high on the list of reasons employees get up each day and go to work.
MORE ON MSN MONEY
VIDEO ON MSN MONEY
That Walmart is not inclued in this group is a slap in the face to Walmart associates everywhere. Walmart claims that its average wage per hour for an associate is over $12. Many, many associates have been calling BULL---- on Walmart's claim. Walmart is a multi-billion dollar company many times over, but yet they feel the need to cut back on associates hours and terminate longtime employees in favor of temporary employees so that they won't be required to offer the group health insurance. Google "Walmart Loophole" if you don't believe me
Why in the world should a company worry about giving raises for job descriptions that read, “Put a medium size spoon into a bucket of taco meat, dump said meat into a taco shell and sprinkle with lettuce and cheese? If you want a decent wage/salary, go get a job that requires a real education, a real skill, physical labor, and/or tough working conditions.
I worked in a grocery store in high school. For the most part, I got paid minimum wage. Would I have liked to get paid more? No doubt. Did I deserve it? Not really. My job involved asking “Paper or plastic?” and then putting groceries into the preferred bag. Eventually I got “promoted” to produce where my job involved taking apples, oranges, and lettuce out of the giant walk-in frig in the back and putting them on the shelf. Any idiot can do that job. It doesn’t deserve a high wage. Supply and demand folks.
In college, I had a summer job where it was 90 – 110 degrees outside (if not worse) working in a manufacturing plant with no A/C doing hard physical labor. Did I get paid above minimum wage? You bet I did. It wasn’t work that required any special education or skill but it was physical work in horrible conditions. The number of people willing to work that type of job isn’t really high so the wage was higher. Again, supply and demand.
Now I have a job that requires a specific education and skills. Not very many people have the education and skills. My salary reflects that. Supply and demand.
It really is simple. I am so tired of hearing this entitlement society. You aren’t entitled to a raise just because. You aren’t entitled to my tax dollars paying for your house, cars, and kids. If you want it, go EARN it!!! Novel thought I know. I’m such a horrible person.
After spending more than 20 years in IT as a highly skilled and appreciated employee, my job was outsourced to India, in 2002. In a 6 month period of that year, more than 150,000 jobs nationwide in my particular IT field were off-shored. That resulted in my having to work in whatever position I could find for 3 solid years. Working as a sales associate for Dillard's was the highest paying job I had during that time. No benefits, $9hr. My first monthly review, I sold double what the quota was and was politely told "try to do better next time"... no raise, no nothing.
It took 3 years to find another job in IT doing what I did for 20 years. It was a contract job via IBM for Disney in Orlando. The pay offered was the same I was making in 1990 (this was 2005), included 2 weeks paid vac, 6 paid holidays and bereavement leave. Also had 401k (non-matching) and health insurance (premiums to be paid solely by me, nothing paid by the company).
After 2 years, I, and many others, received a 10% pay cut. The 3rd year, we received another 10% pay cut AND lost the 2 weeks paid vac, 6 paid holidays AND the bereavement leave. At this point I was making early 1980's wages and it was 2008. Then in 2010, job was outsourced again and I had the wonderful opportunity of spending my last 90 days training my overseas replacement, all via phone of course.
It's been difficult to find work in my field since as almost all is done in India now. IBM stated it's because there aren't enough here in the states that know what I do. Well, I STILL KNOW WHAT I DO. And instead of building an IBM University here to teach Americans how to do my job, they spent $20 million and built it in India.
I held this position for 5 years. While I accepted the last century wages, I had no choice. And while I saw even those wages get cut and lost all benefits even though they weren't all that great, Sam, the CEO of IBM at the time, received $20.5 million in bonus the first year of my 5 years. That bonus increased an average of half a million every year of the 5 years I was there.
So... for those who want to keep saying "Quit and get another job".... THERE AREN'T ANY.
For those who say, get off your lazy *ss and get an education... I AND MANY OTHERS DID.
The reality is corporations no longer look at their employees as 'ASSETS', we are all now simply 'EXPENSES'.
It truly is time for things to change, time to change for the good of the middle class and time to help those in poverty get out of poverty simply by PAYING A DECENT WAGE to those who helped put these companies where they stand today.
Trust me, IBM did not get where they are by me NOT doing my job.
It was a revolving door. Good people would be hired. They would work for a while to build up their resume. Sometimes people would be "rewarded" with a promotion *with no salary increase*. People would then leverage their title and experience and get a job at a different company.
It's AMAZINGLY short-sighted. It definitely hurts the quality of service to the customer and turns the company into a training ground for their competitors.
Big Business - "There would be no American Dream without us"
Unions - "There would be no American Dream without us"
Truth - Middleclass is shrinking. American Dream is Dying.
Reason - Scum Politicans taking money from Big Business and Unions.
Outcome - Socialism or a two class society (rich and poor) -- Either way the dream is dead.
Thanks a shlt pot full Unions and Greedy azzholes.
Disney is THE WORST company for internships. Their college program is such a crock. You mostly work in the food service part or stand at rides and count the number of people that go through. A few people actually get to work at the hotels at the front desk but unless your degree is resort management thats a waste as well. Not to mention most people leave the program oweing Disney money for their apartment that Disney forces them to live in.
And to say the costume people are modestly paid is a gross overstatement. They are paid just over minimum wage, but the hours they work suck badly. No I dont have a grudge I just have friends that work for and have worked for the Walt Disney Company.
Barry, Bread is never going to be $20 a loaf,give me a break.Companies are sitting
on billions;a record amount of cash.A big part is because they`re shipping tons of jobs
overseas.Sure, that`s good business, but they owe something to the Americans people
who built these companies into the giants they are now.People want to be cheap with the
American worker but don`t care that CEO`s get $200 million and another $200 million to
get booted out.The American worker is getting screwed big time.I`m glad I don`t have to work.
The 'Tragic Kingdom' certainly belongs among the worst to work for. We don't call it 'Dismal World' for nothing !
And working in the fast food industry won't bring you any financial security-these are mostly entry or first time job seekers-either high school kids or immigrants.
And retail ATT? Well retail workers aren't known to have great compensation either unless they also can get a commission on their sales too.
So if you settle on these low income jobs, then that's on you. But while you have that job, you should look for another to improve your situation-
Common sense is not common !
You take the time to improve your skills and make yourself more valuable, you can get better paying jobs.
A company doesn't owe a raise to an unskilled person just because it is successful.
Make yourself successful
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] After some early volatility, the market appears to be settling down some with the S&P 500 having been confined to a two-point trading range the last hour. The Treasury market, in turn, has steadied itself near its lows for the day, which aren't all that low. The 10-yr note is down six ticks while its yield has pushed up two basis points to 2.86%.
Precious metals prices, which were noticeably weaker earlier, have pared some of their losses in a rebound ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|