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Response to Skip Intro (Original post)

Mon May 12, 2014, 09:00 AM

32. income inequality

I'm now into my retirement years age-wise and am still working. I do this so when the time comes, social security will be paying me the extra 8 percent per year that I don't draw it that is due me when I start getting it when I turn 70. In other words, my social security will increase by 32 percent when I reach age 70, if I do not start drawing it until then. The Great Recession killed my 401k. If companies value their employees work, the large bonuses going to the top level people would be spread among the workers also. Instead of a $10 million bonus to the CEO, give that person $2 million and spread the rest among the employees. Productivity and morale would go through the roof, creating a circle of more bonuses and better productivity, etc, etc.

If management simply cared. That's all people are asking. It doesn't take much to please the worker. Just recognition of a job well done. A decent pay raise and paid time off, as well as the possibility of merit bonuses is all people are asking. This is really what unions fought for in the 20th century. I used to be a teamster and marveled at how lucky I was to have the benefits I had. That was 40+ years ago. Now, my benefits aren't as good, but still okay. Every year we have had bonuses paid to us and that has helped. People understand that management makes more money but the outrageous bonuses and, in some cases, salaries paid to high level individuals are what exposes the company to ridicule. No one, and I really mean no one, is worth millions of dollars per year. That is a ridiculous waste of money that could have been better spent making the company a better place to work.

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