Comment on Where *does* the money come from?
udon@lemmy.world 1 week agoIf you spend hundreds of thousands once, you could instead spend a dollar each on 100 employees for ~80 years. They don’t work that long usually, but just in case
Comment on Where *does* the money come from?
udon@lemmy.world 1 week agoIf you spend hundreds of thousands once, you could instead spend a dollar each on 100 employees for ~80 years. They don’t work that long usually, but just in case
MajorasMaskForever@lemmy.world 1 week ago
Your math is right but scales are off.
Dollar raise a year? Yeah, $1 * 100 * 80 = $8000, and to a lot of businesses that’s peanuts. It’s also peanuts to the individual employees, if you work full time federal minimum wage you make $15600, an extra dollar wont make a difference there.
Increase hourly wage by a dollar, and to the business that becomes $1 * 40 * 52 * 100, that’s $208,000 annually they’re paying out
udon@lemmy.world 1 week ago
True, although I was at a dollar raise a month. The framing in the story was purposefully “I just ask for sth. very small” so that’s how I read it. Dollar raise per hour is much more meaningful, but quite a significant increase