The fascinating thing in this world is how many businesses close shop claiming fiscal issues. Who gets paid the most after a business closes? Just so you know, this is one of the many interconnections between employment, costs of living, education and relative human condition, including the online concept.
The CEOs and the upper management in terms of bonuses and benefits.
Who loses? The front line people who make the business run on their own time. They are kicked out with no benefits, extra dollars for their employment with the company and now they have to spend money that they do not have to find a job to replace a loss of income. Some of them will be fortunate in finding a job quickly…if they are not too picky.
With a lot of physical businesses closing, many people are unable to find a job, forced to go back to school to get something that may not exist or count for a future job or basically live off welfare.
Each person in a place of business has a role to play, why so much disparity? Without the front line people, whether in presence or online, keep the business running by dealing with the merchandise, people, resources and whatever the boss wants.
Out in the cold the front liners are thrown while their bosses reap the benefits off the back of their shirts. It is astonishing, really not all that surprising that the owner, CEOs, upper management would get the fiscal benefits while those who worked under them do not get anything, regardless the role they played in carrying the business.
I guess we are survivors. Yet why call us moochers? We ‘hold’ the welfare system by taking their money (whose money to begin with? Our paychecks have deductibles for Social Security and Medicare, taxes and other potentials). If there is a problem with the increased amount of dependence on welfare, ask yourself why.
Most of us do not care what party you subscribe to, we all work hard one way or another. We carry the foundation of the company and are susceptible to higher ups’ whims. If one wonders why a business is closing or slowing down, there will be multitude of reasons. Let me give you a real life example, look at how the owners and/or CEOs treat their employees. You can see why there are businesses that do not do well or are facing employee shortage.
I guess that is why I loved (many reasons) watching Star Trek – their concept of money is bartering and services. Those hoo-man loving Ferengi do love their latinum to a cost.
Stunning Pay Disparity – Seattle Times
CEO Pay Ratio – Fortune
Honeywell Official CEO-worker pay ratio – LA Times
CEO-Worker Pay Ratio Revelation Concerns – The Washington Post
Why Companies Fear Releasing CEO-to-Workers Pay – Bloomberg Businessweek