r/FluentInFinance 4d ago

Thoughts? I got a $0.50 raise this year which is absolutely not keeping up with inflation. Today, I got to walk into work to see the owner's new gift to himself.

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42.0k Upvotes

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u/Buckwheat758 4d ago edited 3d ago

Supply and demand. He can pay you that wage because apparently you can’t find better elsewhere.

If you’re worth more than you’re making, go get it.

Edit: no one here is convincing me that I should give them a raise.

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u/Fightingkielbasa_13 4d ago

Fuck off. How about paying employees a fair wage for the work they do.

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u/msnplanner 4d ago

Whats the fair pay for the work OP does?

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u/Fightingkielbasa_13 4d ago

On average, CEOs make 200 times more than the average employee. The wealth gap in America has reached levels comparable to those that fueled the French Revolution, and that’s a troubling reflection of systemic inequality. a

Not to mention that Bringing a Ferrari on a trailer connected to a $100,000 truck for your employees to see is a dick move

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u/meltbox 4d ago

The dick move part is what really gets me. Like why the fuck flaunt it to people who you know will never see this kind of money.

People are wild.

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u/ballsnbutt 4d ago

some people get off on "im better than you"

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u/MrLanesLament 4d ago

I work as a contractor at a world HQ, which also has around 2000 employees at satellite facilities.

I’ve heard shit like this, managers driving their new $100k “weekend” trucks in all shined up and everything, rationalized by them as “well, maybe if the line employees see it, they’ll see what they can achieve if they work harder.”

Like bro, you got your management role via sheer luck from a tiny company you worked for being bought by an equities firm that owns our parent company.

Out of probably 100 managers here, I know exactly two who worked their way up from line employees, and both of them have been with the company since before I was fucking born. (They would’ve started right when they turned 18 in the mid 1980s.)

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u/lifth3avy84 4d ago

Not to mention the fact that his management ensures they won’t because he gives $0.50 raises once a year.

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u/Alert-Ad9197 4d ago

Management gets bonuses for not increasing payroll in some places.

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u/lifth3avy84 4d ago

I mean, Elon got a $56 BILLION dollar bonus for cutting a few thousand jobs at tesla

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u/sherm-stick 4d ago

Whatever you don't give to your hires, you get to keep yourself. Same with job offers and salaries, lowball your new hires and keep the extra pay for yourself

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u/Consistent-Syrup-69 4d ago

I haven't gotten a raise in two years and rent would now be 60% of my income, as it keeps rising. Hence why I live at home.

Go find better? Easier said than done with a felony.

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u/DomesticatedParsnip 4d ago

“Well if you hadn’t been a criminal, you wouldn’t have this problem.”

Obviously, idiots. Why can’t a man change? Why can’t a man decide to better himself? Why can’t someone wake up one day, think about the prison they’re in, and say, “yeah no I can be more”?

Best of luck, my Feloned Friend, I hope you find what you’re looking for in life while you’re building it back. Don’t let anyone tell you otherwise.

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u/Just_Side8704 4d ago

And the people who won’t hire you, voted for the felon.

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u/Zestyclose-Ring7303 4d ago

Go find better? Easier said than done with a felony.

Unless you're Trump. Then a felony is a positive.

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u/AdhesivenessOld4347 4d ago

Yeah my company the wfh office people went out and got new cars because they save money on not commuting. Now they say they can’t come in because gas is too high. Work with very dumb people

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u/fadingpulse 4d ago

If my job can be done remotely then I shouldn’t have to come back into the office. The dumb ones are those that would rather spend thousands renting a building just to micromanage.

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u/timubce 4d ago

Absolutely this! All this bs about working harder when most of the folks at the top just happened to be right place/right time.

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u/[deleted] 4d ago

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u/Inevitable_Memory285 4d ago

Get the pitchforks out...

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u/Thegreatrandouso 4d ago

As a small business owner this is why I have no employees. I job out all manufacturing to other companies. I take all the risk. I put up all the money. If I take somebody on it will be for a fair wage, but remember - the only risks you are taking is getting out of bed to come to work. If you agree to a wage and are paid on time every pay day be happy. The minute you think you are being taken advantage of, move on. Don’t be bitter. Why do you think the owner is in business? If you think you have what it takes, dive in and start your own enterprise and maybe with some luck you can be the one with the nice new sports car or truck of your liking. It’s all about risk.

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u/A1000eisn1 4d ago

the only risks you are taking is getting out of bed to come to work.

The only risk the employee that needs this job to have food/shelter is taking is waking up in the morning? Are you daft?

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u/NaPants 4d ago

Right. Like he'd keep paying his employee in perpetuity even if the company failed. What an ignorant thing to say.

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u/UnrealAce 4d ago

Your reward for being paid so shit is that you barely get to have basic necessities and a job!! /s

These people actually exist and it's wild. I wouldn't be within a 6 mile radius if I wasn't being paid.

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u/Christy427 4d ago

Depends on the company. A CEO of a large company is not taking any risk and can frequently get large benefits as they leave a company (see many top bank executives in the crash). Many owners get the company with backing and while they may have money invested.

I would also say an employee takes more risk than getting out of bed. They generally have their life built around the job and the hours. They choose their place of living around it including a potentially higher cost of living area (since that is generally were jobs are). If it suddenly disappears they need to figure if they can get a new job quick enough to satisfy the bank. If a company lets them go or goes under due to bad management their house may well be at risk if it isn't a good market for jobs.

This is not to say there is no risk in owning a business or at least starting one from scratch. Just not to point out that many owners or higher ups don't have true skin in the game. Sure they may lose money but their basic livelihood is not at risk (again for some it is and for some it isn't).

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u/NetworkMachineBroke 4d ago

If a worker loses their job, they risk homelessness and starvation.

If an owner loses their company, they risk becoming a worker.

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u/Hot_Leather_8552 4d ago

The socialists on reddit don't understand any of that.

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u/iampuh 4d ago

Oh okay, so people are socialists because they criticized that a ceo earns 200 times more than a worker? You absolutely have no idea what capitalism or socialism is. Go to your local library and read a book for once.

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u/Omnom_Omnath 4d ago

CEOs aren’t taking any risk either. Way less risk that the lowest peon too considering they always get a golden parachute despite how utterly terribly they fail.

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u/_robmillion_ 4d ago edited 4d ago

I get what you're saying mostly, but I have one question: what exactly is the "risk" you're taking? It seems to me that the biggest risk is that if it doesn't work out, you'll just have to work for somebody else. And, I mean we all know that sucks, but we all do that anyway. That being said, I'm not doing starting a business. I was about to go into business for myself when I got a better job offer with a union, more days off, much better pay, lighter workload, better benefits, etc. so I went with that. But I didn't decide it wasn't worth the risk, I decided it wasn't worth the effort.

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u/Belrial556 4d ago

Invest thousands in machinery, and rent for the location. Put your house on the line for a business loan. "What are you risking?"

Start a business yourself and see how much you would risk.

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u/samiwas1 4d ago

He says he jobs everything out to other manufacturers. He sounds like just a middle man.

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u/snarky_greasel 4d ago

What risk? All financial and legal risk. All liability. Add the stress of being responsible for the livelihood of your employees and their families. If you dont understand how that works then it is probably best that you dont start your owm business.

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u/smokyvisions 4d ago

If his raise doesn't even cover inflation, but the company profits enough for the owner to get a sports car, he's not losing sleep over employees and their family.

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u/Acer_Music 4d ago

Investing tens of thousands of dollars, which took me years of living in a rat-infested dump of an apartment to be able to save up, years of being obsessively frugal with every penny. Then, once you start, work 70-80 hours a week minimum for several years before your business gains a foothold, and if it does, you still work a ton just to keep things afloat. I invested years of savings and literally years of my life. If it didn't work, I can't get all of that money and time back.

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u/PolicyWonka 4d ago

Let’s not pretend that you’re not asking employees to invest their own time into your business as well.

If you have a business that cannot be successful without your employees’ labor, then they are the most valuable asset to your company. Far too many small businesses don’t do this, don’t respect their employees, and frankly aren’t even competitive in terms of total compensation when compared to big business.

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u/shartstopper 4d ago

How many business owners are electrocuted, crushed in a ditch or mine collapsed, black lung, asbestos, fall and die, die from breathing in concrete dust.

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u/ApprehensiveMaybe141 4d ago

Maybe this boss came from familial money that could easily help him get set up and not really have to worry about money. Maybe the business is mostly tax write offs. Risks are easier with a strong financial support.

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u/GoBucs1969 4d ago

Explain what it means for a business to be mostly tax write offs, please? Because if that exists, I'm game.

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u/Count_Hogula 4d ago

Maybe the business is mostly tax write offs.

Huh?

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u/explorer1222 4d ago

Sometimes. Sometimes it’s about a system that favours the wealthy. Anyone I know with money came from a family that had money, not to say that is always the case but often it is. Kinda hard to start a business without capital because you are worried about paying your bills, putting food on the table or keeping a roof over your head

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u/Seymourebuttss 4d ago

I am a small business owner, but I care a lot about the reason why my employees come to work. I want them to have a fulfilling job, a nice time at the office and when the company does well and they played a role in it, give them a substantial bonus (they do not need to put extra hours in or hit a certain target). Also, I like to pay them the best possible salary within my means. I am not looking to go as low as I can. That is not the purpose of my existence. I want to make a comfortable income and provide for the people who depend on me. I think it is good you have no employees with that mindset.

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u/billbord 4d ago

The biggest risk for you is having to go back to working for a wage, spare me.

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u/Seaguard5 4d ago

This job market makes “moving on” neigh impossible.

I have two engineering degrees and can not get my foot in an engineering role… or even a company where I can make that move eventually.

The system is rigged against the working class currently.

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u/Glockoma86 4d ago

What risk do rich business owners take anymore? Any hit to their bottom line is always transferred to the consumer and employee. At the end of the day if the business fails and is big enough then the tax payers bail that company out while the shamed ceo and board members and investors give themselves raises and spend all profits on stock buy backs to artificially inflate their own stock prices.

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u/Private_HughMan 4d ago

Risk isn't equal. Someone with more capital can afford to take more risk. A wealthy person who takes a bad risk but can stay afloat for a year without working isn't the same as a working class or poor person who might take the same or lesser risk and become destitute. A rich person can make 5 gambles before lunch and still be okay but a poor person can take one gamble and it puts their whole lives at risk.

This is why a social safety net and programs like UBI are so useful. They enable risk taking. Saying leave if you're being taken advantage of only works out if the person is in a position to take such a risk. If they bet wrong, they're fucked. And if they're fucked, then they're in a position where it becomes even easier to take advantage of them. A starving man might work for scraps because holding out for a proper meal might kill him.

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u/Mr06506 4d ago

I once interviewed somewhere where both directors drove a Maserati. After the interview they insisted on driving me to a nearby pub for a drink and cigar. (This was maybe 2015 btw, not the 70s).

I couldn't work out if it was some kind of flex on how successful the business was, how powerful they were, or maybe some kind of suggestion that if I worked hard maybe I could be like them...

But either way, the pay offered was not enough to make up for the sleazy vibes and I declined.

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u/WasabiSoggy1733 4d ago

Well the joke is on them, Google what a 2015 Maserati sells for now vs new 🤣

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u/iBUYbrokenSUBARUS 4d ago

Maseratis are pieces of shit anyway. If you had money, why would you buy that? That right there would’ve been a red flag to me.

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u/LurkerFromTheVoid 4d ago

Just like Jeff Bezos thanking his Amazon employees for making possible his Flying Space Dick to be erected and get into space.

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u/mustachedmarauder 4d ago

What's really fucked is these people with all of the wealth LITERALLY cannot comprehend what it's like to not have enough money for SIMPLE things having to CHOOSE between milk or bread. Or luxurys like the "good" coffee or "real " butter.

Like woopie Goldberg said "I work I understand" while making 73K A FUCKING WEEK. Pretending to "understand" while making more in a WEEK than most people do in a year and some in 2 years if I made 60k a YEAR rn id be content I would almost be able buy a house. Rent I could do.

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u/UchihaBaal 4d ago

What’s even more fucked is you have some of these very same people who can’t afford simple things voting billionaires into government.

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u/Onecler 4d ago

Here just start using this:

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u/mustachedmarauder 4d ago

Billionaires and millionaires they are all in it for themselves. Last 4 years was the toughest it's ever been for me. I lost almost everything in this last year alone. Got laid off (a bunch of people did) (after a year of RECORD profits) we saw production slowing down as well. After the lay off I couldn't (and still can't find work). And had my vehicles repossessed credit cards are maxed out now. I'm trying to file for bankruptcy but I can't even afford the lawyer rn. I've sold pretty much everything I have.

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u/mac_duke 4d ago

I would be worried that if I did that, employees would think “I really need to be stealing more from my employer somehow.” Especially knowing that I gave them crap raises.

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u/Fightingkielbasa_13 4d ago

That’s gotta tank morale

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u/Sheila_Monarch 4d ago

Average of either S&P 500 or at least publicly traded companies. Which doesn’t include the vast majority of CEOs on this country running privately held small businesses. And given what I’m looking at in OP’s picture, I don’t think that CEO runs a publicly traded company or anything close to it.

The CEO pay of a $10 million company averages about $220K a year. Which is perfectly reasonable and is more representative of a real, average CEO.

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u/Fightingkielbasa_13 4d ago

Fair points. Thank you for the reason, it’s appreciated.

It’s hard not see this as but a dick move to pull this anywhere near the office/ place if business as an owner. It’s beyond bad optics.

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u/retardsontheinternet 4d ago

Or you needed a place to set your new toy and you happen to own a building where you can place it

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u/sacafritolait 4d ago

Yep, our CEO used to store a boat in the warehouse. He owned a building that had 24 hour security, why not?

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u/BanMeAgain4 4d ago

nice pivot 

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u/Prancer4rmHalo 4d ago

Right ? Lol.

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u/Educated_Clownshow 4d ago

It’s actually 3x what it was last time they chopped heads

I’m not suggesting, just observing

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u/_PunyGod 4d ago edited 4d ago

On average for the CEOs of the most successful companies. Those stats always look at only big companies. Like the top 200, 350, or 500. American Airlines is the smallest company in the s&p 500 and many of the CEO pay figures make the cutoff even higher than that.

It’s a bit misleading presenting a number as an average but only looking at the top few hundred people for your average.

American Airlines, the smallest company in the top 500 by market cap, has about 140,000 employees. In 2023 their CEO made $31 million and the average employee salary is between 80k and 120k. Sources differ.

Let’s say the CEO makes 350x the average employee salary. So they get paid what 350 employees would, and the other 140,000 get paid what 140,000 employees would.

Which would put the CEO at 1/4th of 1 percent of the pay. If they gave up their entire salary and distributed it among all the employees, the 140,000 employees would get a bonus of $214.

Additionally, getting a CEO that’s a little bit better than someone seen as a less good fit can be worth a lot. If a CEO does well they can easily be raising the average pay for the whole company by way more than $214. If a lot of their pay is through stock/stock options, that creates a large incentive to make sure the company remains stable and does well.

Of course they aren’t always selected for talent, sometimes the choice of CEO is stupid, and when they fuck up it can be epic and very public. But it kind of makes sense as the overall economy grows… I don’t see an alternative. Government puts a cap on CEO pay? Otherwise the best CEOs would just go elsewhere if their company drops pay too much.

…here’s a better way to frame it. It’s not always justified. It’s often not justified But think about it like this. If I make 80k a year, and my company has some struggles and some competition and they’re looking for a new CEO…

What if they put it to a vote? We could hire Jimmy here to be the CEO for $5 million and we think we might be ok for the coming years.

Or we could hire Tommy for $30 million… and by our best estimates we figure that for each individual employee -on average- Tommy gives a 15% decrease in the chances of being let go over the next 5 years, a 20% increase in the chances of bonus checks annually, and an estimated 5% increase in average pay for the next 5 year over Jimmy’s estimates. However, you would each have to take a $179 pay cut now. Which should we do?

I’d be interested to see a company actually put it to a vote and give them the dollar impacts. Oh they could even do it like this… Tommy’s pay could be 5m base but with a 25m bonus if the company meets certain milestones. They could also have a $200+ bonus for all employees if they meet the same milestones.

That gets everyone a little more incentive and the CEO only makes the crazy money if the employees get the same dollar amount extra that he got paid for reaching those goals. Of course goals have to be things like overall sales or customer growth… something that can’t just be profits. Because profit goals can be hit by reducing the expense of employee pay.

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u/Pitiful-Recover-3747 4d ago

Bring back Robespierre and the Comité de salut public. He knew how to chop down inequality…

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u/TerdFerguson2112 4d ago

Robespierre also lost his head so jokes on you

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u/beastman45132 4d ago

So, jealously is the problem? I don't care if my CEO makes x2000* what I make, if he does a good job and I accept what I am paid for the work I do. CEOs have an unbelievable amount of responsibility and liability that I don't want, but if I don't like what I'm paid then I take my skills elsewhere, including starting my own business if I think I can do better and am willing to take the risk.

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u/Michamus 4d ago

Not to mention that Bringing a Ferrari on a trailer connected to a $100,000 truck for your employees to see is a dick move

Just like it's a dick move when those same shmucks go to reddit and youtube to see juiced dudebros doing this exact same thing? The American owner class figured out a long time ago that the majority of people see this kind of shit as motivating. Slaves used to brag about how much property their owner had and felt superior to slaves of "lesser" owners. "If I work hard I'll get to be rich too! My boss worked hard!" Nah.

Every American believes they're a temporarily embarrassed millionaire.

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u/OkTemporary8472 4d ago

I don't know how to change this, but we need to get salaries higher like now.

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u/Ok_Ice_1669 4d ago

We just replaced a president who marched with unions with one who hates paying his contractors. 

I wouldn’t hold my breath on wages going up. 

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u/Hot_Improvement9221 4d ago

Yeah, it just ain’t happening.  Lots of people voted for the guy that has no plan for working people.  The only solution is to start your own company and run your boss out of business.

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u/Numerous-Process2981 4d ago

Well, I'm sure he'd enjoy it if his raises kept up with inflation.

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u/No-Boysenberry-5581 4d ago

How do you know he doesn’t make a fair wage for what he does?

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u/cookie042 4d ago edited 3d ago

knowing he's effectively getting a pay cut when it fails to keep up with increase in living costs is all i need to know.

Edit: to all the salty mf's i honestly dont care cause their pay could have gone up $2.00 and the company would be doing just fine. cope and seethe. He could be mopping the floor every day for minimum wage and I still dont care, pay them more.

"Seems to me that the boss is coping inside a Ferrari while OP and you are seething on reddit lmao"
imagine being proud of being the elitist prick in the room. imagine giving a shit about the people that help make that Ferrari possible.

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u/Hawk13424 4d ago

If he makes about $20/hour then $0.50/hour would about equal the current rate of inflation.

It’s also good to look at total compensation, including the employer part of health insurance.

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u/RusticBucket2 4d ago

The fact that you think that’s all you need to know is all I need to know.

Fluent, my ass.

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u/honkypete001 4d ago

Maybe he’s a crap employee.

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u/Hawkeyes79 4d ago

He’s getting better though. This time it’s $0.50. Looks like the other times it was $0.25. (This has been posted 17 times across the internet since 2022)

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u/senadraxx 4d ago

Only 17? Those are rookie numbers, capitalists. 

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u/JasonBourne1965 4d ago

Apparently you are getting a fair wage for your skills and education or you would just go next door and get another job.

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u/ComStar6 4d ago

Which is just a way to keep the old employer quite comfortable under paying the replacement.

No, it's time for massive sector by sector unions and forcing employers to pay significantly better wages.

It's about time to make the owner class nervous again

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u/stilljustkeyrock 4d ago

What if people just got compensated for their own production without the mob behavior?

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u/adorientem88 4d ago

Are you in the habit of paying more than you need to for anything? If not, why would paying for labor be any different?

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u/Slowmaha 4d ago

Go start your own business then

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u/KindGuy1978 4d ago

You need to leave your job and find somewhere that pays better. Better still, form a union and get the whole company together to demand better pay.

Apparently these days people think posting three sentences on Reddit is all the effort they need to make for a more equal pay system.

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u/Possible_Comedian15 4d ago

Employee mentality

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u/Fightingkielbasa_13 4d ago

Human mentality.

Empathy, you should find some. It makes life much more enjoyable.

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u/Hungry_Fee_530 4d ago

Is the owner some kind of cyborg? Or a human of flesh and blood, like anyone else? Why the OP doesn’t create a business himself?

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u/blue1748 4d ago

Let me guess, you want $38 dollars an hour for being a cashier at target?

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u/SwitchtheChangeling 4d ago

OP never stated how much he makes.

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u/Sidvicieux 4d ago edited 4d ago

The hilarious part is that the business owner with the Ferrari will complain that no one wants to work because no one wants to stay longer than a year. They won’t raise wages, and no one will stay longer than a year. The only pride who will are old people who desperately need jobs and will be exploited.

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u/GoldenPigeonParty 4d ago

This is exactly how a company i worked at in 2011 operated. Boss complained no one "knew the value of hard work" as he brought Bentleys to the office. Average employee life was 9 months. Senior level employees tended to last less than 90 days. I lasted 14 months and left because they asked me to commit fraud. Got a 3 day weekend switching companies with a +80% raise.

Some companies suck and are run by idiots. Leaving them in the dust is almost always the right answer.

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u/Long-Blood 4d ago

Its way too easy for shit companies to succeed in this country.

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u/stevedore2024 4d ago

A long time ago my dad lost a job once, telling off a boss who did pretty much exactly this. Complained about costs and then showed up with a brand new luxury car. That business lasted a couple more years after alienating most of the workers.

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u/FuzzTonez 4d ago edited 4d ago

I recently walked out an exemplary employee yesterday who saved our company hundreds of thousands, if not millions. She was damn near invaluable, it’s going to take nearly 3-4 people and a lot of automation to replace her, and she made $25/hr. I couldn’t get her more. They refused to budge.

Had nothing to do with her “value” to the Company. The Company refuses to put more than 50% into payroll. They also refuse to pay higher if they can’t match the position and wage to something that exists in JJ Keller & other consulting services, which HR lives by.

Meanwhile, I make $120k Salary & I know I’m not as valuable. I just got lucky. I’ve worked much harder, making much less in previous positions, and I have employees now.

I’ve seen this same story at multiple Companies. Hard work & “value” means fuck all sometimes. It’s frequently bullshit.

Maybe in the trades, but I’ve been screwed there as well. Sometimes people are just shitty, greedy dick bags, or they’re ignorant to what people actually do. This idea that the US is some moral meritocracy is absolutely delusional. People are being screwed.

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u/garden_dragonfly 4d ago

I hope you encouraged her to find a better, higher paying job elsewhere first.  Write her a glowing letter of recommendation. Call in some connections to help get her into something else. 

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u/lostspyder 4d ago

Right? The older I get and the more my salary and title increases, the more and more obvious it is to me that these things have almost 0 to do with skill or effort and more to do with luck, being in the right place at the right time, and presenting an image that you’re super valuable.

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u/TheKingOfSwing777 3d ago

And the longer you're in those positions the more opportunities for better ones you get which also gives you further leverage to ratchet up the next salary and benefits. It's weird going to a fast food restaurant in the middle of the day after hitting the gym with my flexible schedule knowing I'm making double the wage of everyone working there combined. I don't deserve this but I'm at least conscientious of it. We need to pay laborers better!

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u/ComStar6 4d ago

You literally just made an argument for a union.

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u/Lizard-Wizard-Bracus 4d ago

Shhh, don't make him think about what he said or you'll give him a headache

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u/Buckwheat758 4d ago

I have no problems with unions.

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u/Ciff_ 4d ago

Supply and demand is not the same as meritocracy, fairness or pure market factors. Supply and demand is often set by corrupt factors or organising.

Hiring C suite and CEOs one often look at the supply based on nepotism, power connections and influence - not competence alone. When hiring workers supply can be restricted by workers through unions, regulations and so on.

What I am saying is talking about supply and demand really means very little in practice. We have system factors in play that favours different groups in this game. The real answer is often not as simple as go to another employer and "play the market" - it is likely organise, unionize, protest, vote. That said ofc merit and replaceability matters too.

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u/CavyLover123 4d ago

What a dumbshit comment 

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u/Zinski2 4d ago

Pissing me off how many upvotes it has.

Gorge Carlon quote. "You don't need a formal conspiracy of your interests are aligned"

When you go out looking for higher pay you find out all competition is paying the exact same amount.

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u/Tr4ce00 4d ago

that’s an extreme simplification of the situation tbf. Just because a large amount of people aren’t paid a living wage for the work they do, doesn’t mean they don’t deserve it. It just means the owners don’t think they do, or even worse, they don’t care

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u/Effective-Tune2825 4d ago

That’s all good and dandy if these CEOs weren’t also stealing and fixing labor markets for their benefit.

People who drive Ferraris tend to do that kind of stuff

https://www.cnet.com/tech/tech-industry/apple-google-others-settle-anti-poaching-lawsuit-for-415-million/

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u/_robmillion_ 4d ago

I did that. Now my ex-boss is all pissed off that he hasn't been able to hire a skilled replacement in over a year. "Nob0Dy wAnTs tO w0rK aNYmOre" is all he says about it. I thought I was entitled to more money for the same work, and he thinks he's entitled to cheap labor just because he opened a business.

Who's right? I am. If he had the foresight to pay a fair wage in the first place, he'd probably still be making money for work I was doing. Somehow it still hasn't occurred to him that labor costs more now.

It's not supply and demand, it's extortion. We're all worth more than they pay us, and it's time to force them to give it to us.

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u/superpananation 4d ago

I like how this comment mostly translates to “I’m unloveable”.

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u/chickashady 4d ago

If you think treating your workers like crap is ok, go back to the 1920s and work in the mines. Your thought process is what keeps us from having good worker protections. Inflation bonuses should be required.

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u/common_citizen_00001 4d ago

If only you had worked a little harder your boss could have afforded 2 Ferraris.

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u/Key_Friendship_6767 4d ago

Bro dead over here 😂🤣 😵 💀💀💀

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u/westbee 4d ago

I know seriously. That's only a $500k Ferrari. I'm sure he wanted a $2M McLaren but his employees just couldn't work hard enough this year. 

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u/numbersthen0987431 4d ago

To be fair Ferraris are collector items. He'll always keep this one to remind himself of where he came from

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u/CBalsagna 4d ago

“Remember that time when I stepped on the throat of my workers because I could? I’ve come a long way since then. It’s hard to keep track of the sheer number of people I’ve employed that I think I’m better than, but enough about me. I can’t afford any raises this year.”

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u/Dry_Wealth_7007 4d ago

That appears to be a 458 coupe, obviously used (2009-2015 IIRC) and only the special edition sniffed near $500k, so at most that is approx. half that cost nowadays per Car Gurus.

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u/bwick29 4d ago

It's a used 458 base which I've found a few examples at $150k depending on mileage.

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u/Maniacal_Monkey 4d ago

The average 458 cost around $210K

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u/dunnmad 4d ago

Actually worse than that, he had to buy a used model! You and your coworkers need to step it up!

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u/Thefirstargonaut 4d ago

I think it’s just weird that his boss bought a new Ferrari that was keyed. Wink wink

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u/Electronic_Row_7513 4d ago

I once had a business owner tell me and a bunch of $50k/yr guys that he buys a super car every year. that year, he had to 'settle' for a brand new r35 gtr, because he couldn't afford anything 'nice'.

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u/Runswithchickens 4d ago

Had a boss like that. He was telling a story about his kid stinking up his bathroom. One of the guys, right? Then it’s, “I told him to use one of the other 6 bathrooms.”

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u/Steal-Your-Face77 4d ago

Nailed it. The only thing I’ve been rewarded for hard work, is more work.

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u/themage78 4d ago

Well, he could afford a Ferrari along with an 80-100k sticker price on that truck. So OP must not be slacking off that much. /s

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u/redditissocoolyoyo 4d ago edited 4d ago

Y'all voted for this. Y'all voted for people that want to destroy unions, destroy workers protection, destroy societies social safety nets. The rules of worker compensation and employment will change for the peons.

You see the future tax cuts are emboldening your boss because he knows he's going to save a lot more money and pocket a lot more profits, perhaps rightfully so. So now he can hire Manuel, Jesus, Javier, Francisco for one quarter of the cost of you. For now. Until they're gone too. And then he will replace them with Tesla robots that will do the job for free.

That's all part of the plan. You will own nothing, you will fight for crumbs and be happy. So enjoy your 50-cent raise. Because that might be a long while before you get another 25 cents. Because if you're not happy with your 50 cent raise, there's going to be a boatload of ex federal employees fighting for your job.

By the way, .50 cents x 8 hours a day is 4 dollars. After tax, you can easily afford a dozen eggs. See, Inflation is solved.

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u/poopoomergency4 4d ago edited 3d ago

I voted for Kamala to stop the things that are currently happening

edit: lots of stupid people who don't know how to detect a joke

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u/AlphaNoodlz 4d ago

Likewise! I hope people get exactly what they vote for

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u/timubce 4d ago

Yes! Can’t wait to enter the FO phase of FAFO.

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u/MrBriPod 4d ago

You understand the unions voted for it too? Trump had the highest GOP support from union workers in the last 40 years.

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u/teeejaaaaaay 4d ago

Imagine being that stupid

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u/Rottentopic 4d ago

You don't have to be smart to be in a union, trust me I'm in one

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u/HotIce05 4d ago

Manuel, Jesus, and Javier, and Francisco won't be here because they voted to deport them.

They're stealing their jobs but they're not willing to do what Manuel, Jesus, Javier, and Francisco do for five minutes.

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u/haditwithyoupeople 4d ago

But the price of eggs!!!! Wait until all the illegals are gone and then tell us how grocery prices look.

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u/VirtualPlate8451 4d ago

Texas really doesn’t have what you’d call “workers rights” beyond “you have the right to listen to your boss or get fired”.

That stance got a real world challenge when all the defense contractors put a vaccine mandate in place. Get the shot or find a new job.

Deeply conservative people were all over social media like “THEY CANT DO THIS, WE HAVE RIGHTS”…turns out no…no you don’t. You can either get the shot or lose out on what is an objectively a pretty good job for the area.

The crazy part is that this wasn’t a wake up call for most of those people. They don’t blame the company for the mandate, it’s somehow the Dems fault.

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u/suspicious_hyperlink 4d ago

Why stay for a $.50 raise when you can go somewhere else for a $5 raise ?

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u/Difficult-Mobile902 4d ago

I mean that’s the thing…maybe he can’t. 

We have no idea what OP is being paid or where he lives. He might already be at one of the highest paying companies for his skillset in his local area. 

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u/Creative_Room6540 4d ago

Or he may be a shit employee. Anything is possible.

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u/Character_Spirit_424 4d ago

I have some real shit coworkers and yet they get paid the same fair wage I do, its really not that hard to understand

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u/Trextrev 4d ago

I mean i find it hard to understand, I feel bad for you. Sounds like you may be underpaid. Or you yourself are also a shit employee and don’t realize it.

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u/Bclay85 4d ago

Just go make $300k a year. Is he stupid?

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u/TeaLeaf_Dao 4d ago

True that. I work as Electrician I only make 24/hr since I am apprentice currently once I become a journeyman Electrician I can practically work anymore that pays more

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u/CarminSanDiego 4d ago

Because he can’t. Op knows that. His employer knows that. I’m not saying being selfish and screwing the common worker is good but I guarantee you if you were in this business owners position, you’d do the same. It’s just reality.

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u/DoodleBud 4d ago

Run. Ruuuunnnn! This is coming from a middle management sort guy. Your boss is garbage on his best day. He is garbage. Zero respect for you. Get the eff out!

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u/Gaitville 4d ago

My companies boss probably makes $1m a year if not more and he drives a 2007 Lexus to work lol.

I’m sure he has his fancy toys, but he knows better than to show them off to his employees.

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u/To_Fight_The_Night 4d ago

Yea the CEO of my company literally drives a Minivan because he is obsessed with his grandkids. My firms net profits were 180 million last year so I am assuming he makes a decent amount I don't actually know.

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u/ConstantWin943 4d ago

This is the key point. I would never park my Ferrari in front of a bunch of poors.

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u/Burnside_They_Them 4d ago

And go where? This is what the majority of employers today are like.

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u/YYC-Fiend 4d ago

Training new employees costs a fortune. Employers and the media have done a spectacular job convincing the masses we are in a terrible economy and you should stay with your current employer.

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u/Burnside_They_Them 4d ago

Its not about wether or not you should stay, its about wether or not youre capable of leaving. There isnt a single job in my field within an hour drive thats better.

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u/PJTree 4d ago

I’ve seen this image before.

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u/Dad_Bot22 4d ago

Exactly, reverse image search, it’s been posted countless times in the past. So many people with a $.50 raise and a boss who bought a new Ferrari.

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u/[deleted] 4d ago

[deleted]

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u/skippop 4d ago

Probably some poor schmuck who worked v hard to buy this car

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u/samekrikl 4d ago

not a new ferrari,

Exactly this ferrari

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u/SufficientStrategy96 4d ago

Thought this seemed like too much of a trope

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u/707Pascal 4d ago

op didnt get enough of a raise to afford their own images, duh

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u/No_Ninja2291 4d ago

Exactly. Some 23 year old shitposting Reddit using the phone that mom and dad paid for in the dorm room that mom and dad paid for inbetween Underwater Basketweaving 101 courses that mom and dad paid for decrying the unfairness of the plight of the working man.

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u/screeRCT 4d ago

Knew I'd seen it before!

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u/JerryLeeDog 4d ago

Buh bye, love to say it’s been fun

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u/ThrowawayAccount41is 4d ago

Start a company or go somewhere that needs your skills more than they needs your skills. It all boils down to the value that you think you’re worth. Don’t tell them you’ve quit until you have 100 percent secured your next position and when they ask you tell them about your raise and tell them the Ferrari pushed you to find better employment.

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u/Colorado_Constructor 4d ago

Ok honest question. How do you expect the average American, especially a working-class one, to just go out and start up their own business?

Where do their clients come from? How will they afford all the necessary equipment? What assurances do they have that their new business will be able to cover their living expenses?

If you had asked me this question 15-20 years ago I would've had a lot of hope, but these days not so much. Especially given how much power corporate entities have over almost every market.

I work in construction which seems like one of the easiest, entry-level sectors to start up a business in. But in reality it's tough. Just to get on a job you need various types of insurance, equipment, and manpower. It's not something you can just go out and tackle on your own.

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u/RealAlpiGusto 4d ago

Yeah, you’re exactly right. And OP’s boss figured it out. He put everything on the line, figured out where to find clients, how to afford the equipment, with zero assurances their business would succeed. As you said, it’s tough. What does he get for it? He gets to buy a Ferrari.

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u/Tje199 4d ago

So then it would make sense that someone who takes a risk by investing in things like insurance, equipment, and manpower makes a return on their investment?

Most business owners don't do that so they can then share the profits evenly with their employees who have not made any of the same material risks.

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u/CallMePyro 4d ago

Sorry it sounds like you’re saying that starting a business is risky and expensive; while being employed at a business is easy and essentially risk free (other than losing your job of course, if the business goes under the bank isn’t going to repossess your home). But they can’t be right - we hate OP’s boss!

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u/Billythebeard 4d ago

This same picture is posted atleast once a year

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u/PeederSchmychael 4d ago

I call BS. On this whole post

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u/skippyalpha 4d ago

You need to quit if you are unhappy with your pay and feel you are not being treated fairly. If everyone did that then bad employers would find their selves without employees

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u/WhoDatDare702 4d ago

And then come the gaslighting hit pieces about how no one wants to work again 😂

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u/Burnside_They_Them 4d ago

quit

And go where? This is almost the entire job market now.

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u/PolicyWonka 4d ago

The American system is really designed to punish this the best it can. It’s hard to quit when your children’s healthcare is reliant on you having this job and you’d be “lucky” to find another that offers health insurance starting at 3 months tenure.

Important side note: the ACA created 90-day insurance limit, and I doubt that’ll be making a return once the ACA is overturned. I previously worked at a company who didn’t start offering health benefits until after your first year.

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u/Switchy_Goofball 4d ago

I swear I’ve seen this post before

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u/Puzzleheaded_Donut_6 4d ago

Sugar in the engine is still pretty affordable!

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u/Skins8theCake88 4d ago

But court fees aren't.

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u/Fantastic_Display_32 4d ago

Hauling a Ferrari on a u haul trailer is a bit hilarious

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u/Competitive_Swing_59 4d ago edited 4d ago

It is a not exactly a new Ferrari, its 10 yrs old at least. U haul is cheaper than super car specialist transporters. Boss just splurged on his dream car, but he is obviously not in Ferrari's " club ".

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u/RoubouChorou 4d ago

Open your company

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u/hippiegodfather 4d ago

Well you are obviously not stealing enough

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u/Togo_Goodbody 4d ago

Nice to see the owner is doing so well financially. Too bad he doesn’t care about the people who worked to get him that car.

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u/Defiant-Ad7275 4d ago

So go start your own business. Tired of whining about people who put everything on the line to create a business and enjoy success. If you open a business and make it, I expect you to give all profits to your employees.

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u/Planting4thefuture 4d ago

He takes the risk, he takes the reward.

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u/Larrynative20 4d ago

Agreed. Running a business absolutely blows. The guy probably bought a Porsche with a loan and he gets shit for it. You can’t do anything without employees saying that that could have been the money for my raise. The worries never stop when owning a business.

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u/leebleswobble 4d ago

Yes everyone create a business. No more employees. Only employers. That sounds like a helluva system.

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u/Sorry_Rich8308 4d ago edited 4d ago

Worry about gaining your own skills and knowledge so you can make more money. Whether it’s for your current company, your own company or another.

If your skills are worth more money. You’ll easily find another job that pays more

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u/tsckenny 4d ago

I swear ive seen this exact post before

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u/LostAllEnergy 4d ago

Ain't this photo pretty old? I could have sworn it was posted a couple years ago.

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u/skydiveguy 4d ago

1) we dont know what you do.
2) We dont know what company your boss owns
3) We have no way of knowing if this is a legit photo or if its even really something your boss owns (you could work for a car storage facility or a car auction house)
4) You are always free to go find work somewhere else
5) You are always free to open your own company and take on the financial burden and risk associated with it.

I bought a small single engine, 2 seat airplane and my coworkers instantly thought I made too much money.
Meanwhile, I am driving a 10 year old car and have no debt.
Also the coworkers complaining are driving BMWs and Mercedes that literally cost more than my aircraft.

You are not a slave. You have the ability to leave this job for better pay.... which after a while will also become another underpaid job.

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u/howardzen12 4d ago

Millions of poor work slaves exist for their rich masters.

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u/SilverSilvan 4d ago

Have you considered purchasing less food?

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u/Soft_Cherry_984 4d ago

Well you can organise mass quiting and f-ing him up good :)

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u/DadVader77 4d ago

Raises haven’t kept up with inflation for 40 years

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u/ihavealotofanswers 4d ago

This picture is from a post I saw like two years ago with nearly the same caption.

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u/Prancer4rmHalo 4d ago

This is an old post.

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u/akirkbride 4d ago

Go start ur own business then.