Dan Price raises minimum wage at his company to $70,000 a year

[dismal]

Heard an interview with Dan Price on ABC radio this afternoon.

Our Dan Price seems to spend an extraordinary amount of time talking to the media.

I wonder why he just didn't raise his employees pay immediately instead of waiting three years to do it while launching a big media blitz about doing it today.

 

[barbos]

Heard an interview with Dan Price on ABC radio this afternoon.

Our Dan Price seems to spend an extraordinary amount of time talking to the media.

I wonder why he just didn't raise his employees pay immediately instead of waiting three years to do it while launching a big media blitz about doing it today.

Yes, what's up with that?

 

[ksen]

I must have missed Dan Price "launching a media blitz".

I have seen media interest in Price's decision, but not Price doing anything to launch a media blitz.

 

[laughing dog]

According to the OP article
. That has nothing to do with "making ends meet".

He [Price] said 60K is the basically the bottom line, below which it becomes a struggle to make ends meet....and he wants his employees to focus on their jobs and not have to worry about the bills.

I'm just going on what I read in DBT's post.

As a general rule, read the source that you are discussing.

 

[laughing dog]

Our Dan Price seems to spend an extraordinary amount of time talking to the media.

I wonder why he just didn't raise his employees pay immediately instead of waiting three years to do it while launching a big media blitz about doing it today.

Well, if some people bothered to actually read the OP article instead of proudly displaying willful ignorance, Price says this raise will be recouped via improved customer service and implies it will take 3 years to fully implement.

 

[barbos]

Our Dan Price seems to spend an extraordinary amount of time talking to the media.

I wonder why he just didn't raise his employees pay immediately instead of waiting three years to do it while launching a big media blitz about doing it today.

Well, if some people bothered to actually read the OP article instead of proudly displaying willful ignorance, Price says this raise will be recouped via improved customer service and implies it will take 3 years to fully implement.

Will be or could be?

 

[dismal]

Well, if some people bothered to actually read the OP article instead of proudly displaying willful ignorance, Price says this raise will be recouped via improved customer service and implies it will take 3 years to fully implement.

Will be or could be?

Dan Price's words should be treated like gospel truths by the true believers.

Even if they make absolutely zero effing sense.

What is supposed to magically occur three years from now to make it worth paying people twice as much that would not happen now?

If the conjecture is that paying a records processing clerk twice as much instantly makes them more than twice as productive at processing records what does the waiting three years accomplish?

If you wait 3 years all you get is 3 fewer years of this awesome 2X+ productivity. And 3 fewer years of the even more spectacular profits that productivity would generate. Not to mention there's 3 more years for the inequality of it all to eat at Dan Prices gut.

 

[ksen]

If the conjecture is that paying a records processing clerk twice as much instantly makes them more than twice as productive at processing records what does the waiting three years accomplish?

Is the conjecture that paying a records processing clerk twice as much instantly makes them more than twice as productive at processing records?

 

[dismal]

If the conjecture is that paying a records processing clerk twice as much instantly makes them more than twice as productive at processing records what does the waiting three years accomplish?

Is the conjecture that paying a records processing clerk twice as much instantly makes them more than twice as productive at processing records?

As I understand it, yes, as impossibly simplistic as it seems people are arguing that.

What are you saying the conjecture actually is?

I'm particularly curious how not paying them more for the next 3 years helps things along.

I can see, perhaps a silly person attempting to argue from ideologically necessity that if he doubles their pay now this will motivate them to learn to be more productive and at some point in the future they will learn to be 2X+ productive but that argues for paying them more now to start the process not waiting three years to pay them more. What magic is unleashed by waiting 3 years?

 

[laughing dog]

Well, if some people bothered to actually read the OP article instead of proudly displaying willful ignorance, Price says this raise will be recouped via improved customer service and implies it will take 3 years to fully implement.

Will be or could be?

Well, he expects to happen, so he thinks will be.

 

[laughing dog]

Will be or could be?

Dan Price's words should be treated like gospel truths by the true believers.

Even if they make absolutely zero effing sense.

Mr. Price is in a much better position to judge the applicability of his proposal than some outsider.

What is supposed to magically occur three years from now to make it worth paying people twice as much that would not happen now?

He claims it will be recouped via better customer service. He does not go into detail. You should ask him.

 

[ksen]

Is the conjecture that paying a records processing clerk twice as much instantly makes them more than twice as productive at processing records?

As I understand it, yes, as impossibly simplistic as it seems people are arguing that.

Where did Price give that conjecture as you understand it? If it's other people and not Price then who cares?

I'm particularly curious how not paying them more for the next 3 years helps things along.

I can see, perhaps a silly person attempting to argue from ideologically necessity that if he doubles their pay now this will motivate them to learn to be more productive and at some point in the future they will learn to be 2X+ productive but that argues for paying them more now to start the process not waiting three years to pay them more. What magic is unleashed by waiting 3 years?

Where did you get the idea that the Gravity employees aren't getting more for the next 3 years? What I've read said the raise to $70k is being done over 3 years which implies some form of more money is starting to go to employees now.

 

[dismal]

As I understand it, yes, as impossibly simplistic as it seems people are arguing that.

Where did Price give that conjecture as you understand it? If it's other people and not Price then who cares?

There are certainly people in the thread that have claimed it. And if Price believes paying his clerks twice as much will result in more profit it seems to indicate that he believes they will become 2X+ as productive.

I'm particularly curious how not paying them more for the next 3 years helps things along.

I can see, perhaps a silly person attempting to argue from ideologically necessity that if he doubles their pay now this will motivate them to learn to be more productive and at some point in the future they will learn to be 2X+ productive but that argues for paying them more now to start the process not waiting three years to pay them more. What magic is unleashed by waiting 3 years?

Where did you get the idea that the Gravity employees aren't getting more for the next 3 years? What I've read said the raise to $70k is being done over 3 years which implies some form of more money is starting to go to employees now.

Sure he may be giving them little bits of a raise now and nobly enduring the pain that paying his employees less than 70k causes within his soul. But why not the whole thing now?

I do not detect an answer to that question.

What is the benefit you allege from waiting the three years to raise their salaries to 70K versus doing it now?

 

[Axulus]

An idealist might say that one of the main purposes of forming a society is to benefit all of its members fairly and justly, creating opportunities for its members to earn, not a marginal existence, but a good living in return for providing their time and skill while engaged in productive work that benefits that society.

Does sticking fast food into hot oil really benefit society all that much? People will make more food at home if the price rises even a little bit.

 

[laughing dog]

Where did Price give that conjecture as you understand it? If it's other people and not Price then who cares?

There are certainly people in the thread that have claimed it. And if Price believes paying his clerks twice as much will result in more profit it seems to indicate that he believes they will become 2X+ as productive.....

Your responses ignore that fact the Price believes he has a way to improve customer service over the next 3 years to generate the revenue for this. One can be skeptical about the validity of his belief, but that is the rationale. Moreover, there is no logical reason to suppose that he would have to believe that doubling their pay means their productivity will double. For example, if he is paying them less than their marginal product right now, some of the proposed pay raise is really "catchup".

It is curious that you persist in substituting your counterfactual assumptions in this situation for the actual facts. One might conclude you really have no point at all here.

 

[ksen]

Where did Price give that conjecture as you understand it? If it's other people and not Price then who cares?

There are certainly people in the thread that have claimed it.

Then as I said above if it's other people, "who cares?"

And if Price believes paying his clerks twice as much will result in more profit it seems to indicate that he believes they will become 2X+ as productive.

No it doesn't.

I'm particularly curious how not paying them more for the next 3 years helps things along.

I can see, perhaps a silly person attempting to argue from ideologically necessity that if he doubles their pay now this will motivate them to learn to be more productive and at some point in the future they will learn to be 2X+ productive but that argues for paying them more now to start the process not waiting three years to pay them more. What magic is unleashed by waiting 3 years?

Where did you get the idea that the Gravity employees aren't getting more for the next 3 years? What I've read said the raise to $70k is being done over 3 years which implies some form of more money is starting to go to employees now.

Sure he may be giving them little bits of a raise now and nobly enduring the pain that paying his employees less than 70k causes within his soul. But why not the whole thing now?

I do not detect an answer to that question.

Maybe he's relying on the confidence fairy. They know it's coming and so will start working harder/smarter now in anticipation.

What is the benefit you allege from waiting the three years to raise their salaries to 70K versus doing it now?

I'm not alleging anything. I'm too busy asking you how you come to your conclusions that aren't based on anything Dan Price has actually said or claimed.

 

[DBT]

I must have missed Dan Price "launching a media blitz".

I have seen media interest in Price's decision, but not Price doing anything to launch a media blitz.

The way the opposition puts it sounds so much more dramatic.

 

[DBT]

An idealist might say that one of the main purposes of forming a society is to benefit all of its members fairly and justly, creating opportunities for its members to earn, not a marginal existence, but a good living in return for providing their time and skill while engaged in productive work that benefits that society.

Does sticking fast food into hot oil really benefit society all that much? People will make more food at home if the price rises even a little bit.

Does oily fast food benefit society all that much? The cost of health care for clogged arteries may exceed any benefit that fast food has for society....but seriously, the cost of labour has been addressed in many of our minimum wage threads.

Australia's minimum is currently $16.87 per hour or $640.90 per 38 hour week, which is significantly higher than the US even when adjusted for cost of living between the two nations is taken into account.

Yet the fast food industry in Australia is doing business and making profits at that minimum rate. And of course middle management and higher are not on minimum rates.

 

[dismal]

There are certainly people in the thread that have claimed it.

Then as I said above if it's other people, "who cares?"

This is a web forum where we discuss things. If we do not care what other people say why are we here?

And if Price believes paying his clerks twice as much will result in more profit it seems to indicate that he believes they will become 2X+ as productive.

No it doesn't.

Huh? How does paying people twice as much to do a job lead to more profit if they are not 2x+ more productive.

If I have a business processing records and I currently pay someone $10 per hour to process 10 records per hour if I start paying them $20 per hour how many records per hour do they have to process for me to increase my profits?

I'm particularly curious how not paying them more for the next 3 years helps things along.

I can see, perhaps a silly person attempting to argue from ideologically necessity that if he doubles their pay now this will motivate them to learn to be more productive and at some point in the future they will learn to be 2X+ productive but that argues for paying them more now to start the process not waiting three years to pay them more. What magic is unleashed by waiting 3 years?

Where did you get the idea that the Gravity employees aren't getting more for the next 3 years? What I've read said the raise to $70k is being done over 3 years which implies some form of more money is starting to go to employees now.

Sure he may be giving them little bits of a raise now and nobly enduring the pain that paying his employees less than 70k causes within his soul. But why not the whole thing now?

I do not detect an answer to that question.

Maybe he's relying on the confidence fairy. They know it's coming and so will start working harder/smarter now in anticipation.

So for the next three years he gets the benefit of them working harder while not paying them? How will that go over in the depths of his soul?

And, if these people are slacking so much now that they'll instantly be twice as productive if he dangles the promise of a raise in the future in front of them maybe he needs better workers.

What is the benefit you allege from waiting the three years to raise their salaries to 70K versus doing it now?

I'm not alleging anything. I'm too busy asking you how you come to your conclusions that aren't based on anything Dan Price has actually said or claimed.

You seem to be alleging Dan Price's employees are currently a bunch of slackers who could be more than twice as productive if they really decided to work hard. I'm not sure why you hate workers so much.

I'm not sure why you are going to such lengths to trash workers so as to defend Dan Price's capacity to earn even more profits.

If your faith leads you to argue that doubling a workers salary leads to more profits what about tripling it?

Would tripling it lead to even more? How about quadrupling it?

Where would you say the magic power of increasing expenses to gain more profits stops?

 

[barbos]

Well, I think it's safe to say $70K minimum wage project is a failure.
As I said earlier, $70k is not sustainable and have no economical basis it's a mathematical fact, same way $470k minimum wage is unsustainable.
Mr. Price can't pay such wages now, and his vague proclamations that he "will" be able to in the future are just that - vague proclamations.

dismal has a point, all these attempts to put some economical justification for this nonsense make no sense.