tag:blogger.com,1999:blog-6557458849091969678.post1233208530908490601..comments2023-06-15T09:13:45.467-04:00Comments on Liberty's Torch: Deserving Versus EntitledFrancis W. Porrettohttp://www.blogger.com/profile/05862584203772592282noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6557458849091969678.post-79739886716684497842018-12-31T22:29:10.557-05:002018-12-31T22:29:10.557-05:00We private sector types ought to know better. Howe...<i> We private sector types ought to know better. However, in my experience, few of us do.</i><br /><br />I wonder if that is a function of age/years of experience? <br /><br />About 25 years ago, I was working for whom I'll call Major Southeast Defense Contractor. They froze wages saying an annual raise was "compound interest" because it was X% on top of last year's X%. Some people continued to get raises, others had pay *cuts*. Over the next half a year they lost an average of a two engineers every week. (IIRC - it was 25 years ago) There are reasons to believe that getting experienced engineers to quit was their goal in this. <br /><br /><br />SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-6557458849091969678.post-76155437403949563272018-12-31T15:31:07.028-05:002018-12-31T15:31:07.028-05:00Sean Hannity has proposed something like everyone ...Sean Hannity has proposed something like everyone getting a government dollar should agree to accept 99 cents on the dollar. <br /><br />A different direction from "up, up" has a lot to recommend it.Col. B. Bunnyhttps://www.blogger.com/profile/09590364016079745156noreply@blogger.comtag:blogger.com,1999:blog-6557458849091969678.post-77453216000824291312018-12-30T10:19:56.905-05:002018-12-30T10:19:56.905-05:00Interesting take, sykes 1. What you are saying is...Interesting take, sykes 1. What you are saying is that it is the employers responsibility to maintain the employees at a level equal to inflation. Why? How is an employer who is subject to the same inflationary pressures responsible for other people's money? <br /><br />I was a small businessman all my life and over the years had thousands of employees. I never had "automatic" raises based on time on the job. I had periodic reviews during which a person could be given a raise if he demonstrated he deserved one. He could also end up fired if I thought he was a bum. And I owned businesses in the mid 70's when inflation was 18-20% and I was struggling to keep ahead. People should never be paid based on anything other than their own performance and their value to the business. Kyehttps://www.blogger.com/profile/16399082135529920025noreply@blogger.comtag:blogger.com,1999:blog-6557458849091969678.post-84786098778030759022018-12-30T08:13:25.742-05:002018-12-30T08:13:25.742-05:00I have to disagree. It is the official policy of t...I have to disagree. It is the official policy of the Federal Reserve to maintain an inflation rate of 2% per year. This means that the cost of living for workers is raised by 2% per year, a choice they did not make and cannot influence. So, as long as that is the Fed's policy, the workers do deserve a raise of 2% per year.<br /><br />In fact, they deserve a pay raise equal to whatever inflation rate the Fed imposes/engineers.sykes.1https://www.blogger.com/profile/10954672321945289871noreply@blogger.com