this post was submitted on 14 Aug 2023
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Why do pay cuts for managers instead of pay raises for other employees? How is a cut helping anyone?
Did you even read the article? The article says the plan includes raises for the lower and middle paid employees that is being paid for by cuts to the upper executives. So they're doing exactly what you proposed
I read the summary. This is good!
Why do high-level managers need help?
Cutting their wages leaves more money to pay workers at the bottom.
They will argue. Pay rise for everyone. Will nject huge amounts of money into the econ. Raising inflation. While this means the low earners gain or lose little. Amd the rich lose much.
It will totally destroy those that cannot work or earn at all. IE retired poor or unemployed.