Bonus question: how much would a company have to pay you for you to give 100% effort at work?
I don’t know because I think if people got paid fair wages the world would look very different, and the cost of living calculations we currently use to determine fair wages would change in ways I can’t predict.
I think that with aggressive progressive taxes, we’d see the range of incomes get compressed, and lift lower incomes. I’m not entirely sure how that’d affect cost of living, it’d probably go up, but wages would go up more.
But if I had to guess, if say everyone should be making between $100k and $300k, and I should probably be somewhere in the middle of that.
Funny enough, California has a very progressive tax system, and has higher than normal income inequality but a higher base standard of living than the rest of the US. I think having an economy with more opportunities for people inflates everyone’s income, including the rich.
But it brings up a question, if everyone were to have a decent standard of living, is it as big a problem that rich people exist? Obviously we’re not there yet, but hypothetically in a post scarcity world, it’s an interesting thing to think about.
To me, the ideal system would be everyone has enough to live comfortably, and the rest is allocated according to how hard or smart people work.
The problem is loopholes, but I’m not a tax lawyer, which is why I provi such a vague answer.
I think that ostentatious wealth is a sign you’re not doing your share to help the society that supports you, so the disgustingly rich shouldn’t exist. But I’m not opposed to a little inequality as reward for doing important work or going above and beyond, but what we have now is crazy.
I wouldn’t really say that California’s tax is especially progressive compared to taxes in the past, like the golden age of the USA. But even then, lobbyists have opened so many loopholes that it doesn’t even really matter what the tax rate is
They wouldn’t want me to give 100% effort. There are too many people around me who are new or poorly trained or incompetent. My 100% would involve addressing the poor leadership, poor processes, poor accountability mechanisms that have us in our current situation. So since they would likley fire me for it, they would need to pay me at least three years of industry-standard salary for my position to make up for time unemployed and the black mark on my job history.
Let’s say they wouldn’t fire you for it. Would an industry-standard salary be enough to get you to put in all that effort?
No, my salary is currently around average and I set my effort level compared to my coworkers’ levels. Any move/promotion paths I’m interested in would not be made easier by giving that full effort.
I look for smart effort, not max effort. The CEO of my company is for damn sure not the hardest working. Hard work is not the full answer to success in this capitalist society.
Anybody with a full time job should be able to comfortably afford a home, car and protect their health and future.
The fact that this isn’t the case is caused by unfettered greed.
I knew I’d get a ton of answers like this, that’s why I asked for a dollar amount.
The best I can offer you is an equation since it varies so drastically from region to region.
((Cost of living) * 2.5 + taxes) / 40
I should be able to own a home and raise a family on a single income as an engineer.
Glassdoor says that I should be making 90k or so
What do you make now? 90k sounds low.
$65k. I’m only 30 and in a low cost of living state. But yeah I’m at the low end of what my career makes. I’m shit at selling myself and I’ve struggled to get a leg up professionally so I’ve just wound up at a place that underpays me as I keep looking elsewhere
deleted by creator
At least $100k with all the bullshit they put us through. 🙄
But if they got me to $80k—$90k, I’d be a quieter worker bee.
I actually think I get paid a decent wage at ~$35/hr (CAD) but the cost of living is just so goddamn high where I live that it’s not quite enough to get me by comfortably. So really, if I were doing this job elsewhere then that’s fine, my job’s really not that hard. but realistically, because of the state of my province, I’d give them my 100% for 45. They seem pretty happy with the 75% I’m putting in now though (some days less).
Eh, I’d be happy with $30 hourly. At 70 hours a week (line cook) I’d be making around $100k. I was making 87¢ an hour above minimum wage at the place I just left. I gave 100% anyway because if I didn’t the experience really sucked
About tree fiddy.
A thousand dollars a day. I work hard to complete pain & exhaustion and people appreciate the service I provide and they request me and come back for more. And it completely wears me out body mind and soul. Now let’s factor in the cost of living. I feel my labor is worth $1,000 a day. I know that’s not too much to ask because there are plenty of miscreants out in the world who don’t work half as hard as I do but they earn a lot more.
So about $250k a year? That’s not unreasonable at all.
If I take my pay in 1999 and adjust for inflation that’s about $70k, so that would be about fair probably. Two of those (two income family) is about what it would take to be comfortable here too. Very comfortable if no kids.
My actual job - a little more than i make. Dealing with the BS - priceless.
Realistically like $35/hr. Honestly I probably make a lot more than that for the company I work for. Considering the abysmal hours with absolutely no consistency, that should add atleast another 10$/hr.
I work at a bakery. I would love to earn my regular hourly wage and deep clean everything that gets a cursory daily scrub, but they’d need to staff an additional person that day or have me come in overnight.
We’re a comparatively clean bakery, but it’s just not possible to maintain an environment that’s perfect for yeast to grow without also making it a perfect environment for everything else to grow perfectly as well.
They pay me €15/hour which feels like more than I actually need or would expect for the work I do, but I’m trying to work on that. Obviously I contribute more than €15/hour if that’s what they pay me, it’s just almost double what I’ve earned at similar jobs in the US and 2/3 of what I earned there at an insurance company analyzing contracts, so it seems wild to get that for customer service.
With my experience and technical background, I’ve learned I’m way underpaid, even among my peers in my company.
$215k annual would be what I consider fair.
What the company profits from my labor, less expenses.
I make $19.40 as a solo arena attendant. We charge $130 minimum for an hour of ice time up to $250.
I’m not privvy to what the lights/ refrigeration system cost to run per hour, but I’m sure it’s not the total difference.
