this post was submitted on 14 Oct 2023
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Hopefully we'll see that the possibility of skilled workers with no education can also take part. And that pay is stagent. In 1995.. 50k a year w benifits health care and retirement is now the new 80k - 100k a year. Even then take home and savings is less then it's ever been in 30 years.
Follow the math of rising cost and inflation , and the increase of CEO pays and you one can conclude, workers can be paid more and should match cost ans inflation increases. People with schooling should make more. True.
Many companies do pay more and they make their competition looks like hacks.
Market Basket is a unionized grocery chain in the northeast. In Saco Maine there is a market basket right near a super Walmart. Market Basket is awesome.. but I digress.
The Makret basket has 30 checkout isles and 1 cashier and 1 bagger per checkout. They are paid very well. That's 60 employees just in the check out. Their prices are the same and many times are less then Walmart. Walmart right across the way.. 5 minutes walk.., is 100% self checkout. Pays about half, Stores completly trashed, prices are not cheper, you gotta check your self out .. and its doubtful there's even 10 staffers in store.
In ending the older you get.. the more it seems absurd to pay the younger gen that much.. however follow the math.
https://www.in2013dollars.com/us/inflation/1996?amount=50000
50k in 1996 is worth 98k in today's numbers. Also remember a job back then..came with healthcare that covered you at 80 bucks a month. Retirement plans exisisted .. you'd even get bonus and go to company parties that were paid by owners.