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WTF is equity? anon 21/05/11(Tue)01:17 No. 3627
3627

File 162068863892.jpg - (637.40KB , 2197x1603 , 78014.jpg )

My thought is the equity idea proposed by Kamala Harris will not work very well in business. I think equity can work in our educational systems, but it will not work very well for corporations. The main reason is a pay for performance culture is the best way to get results we need to improve our world. Please read this entire post.
https://www.salary.com/blog/what-is-pay-for-performance-compensation/
I do think something needs to change as women often get paid less for identical work, and this is not fair. The system is unfair, but this is often due to billionaires, not the middle class. It was billionaires who took government handouts and gave themselves bonuses and gave loans to senators.
We are all crew members on planet earth, and we do need a fairer system, but I think equity will be used to target the middle class and the poor, so they get paid less overall as a group.

It is crucial to understand business is about execution and getting results.
Consider this case where 2 women have the same job.
Woman A: Works insanely hard (18 hour days) makes great sacrifices, and brings in 2 million dollars of profit for her company ACME by a massive yearlong effort building widgets. She eats lunch at her desk each day, drinks red bull, and is 100% committed to work. She gives up her free time so that she can do more work. She will always return work phone calls and work e-mail after 5 pm. She works late every night and every weekend. Next year she plans to bring 4 million for her company.
Woman B: Does not do much work. Brings in only 10,000 dollars in profit building widgets for the same year period for her company ACME. She works only 6 hours a day and enjoys 2-hour lunches with a glass of wine. She refuses to return work phone calls and work e-mail after 3 pm. She never works weekends. Next year she plans to bring in only $8,000.

Should Woman B and Woman A make the same salary even though they both have the same job category? I would argue that Woman A should be paid more based on her sacrifices and performance.

I worked two jobs in college (-40 hours, mostly graveyard shifts), and often, at the end of the month I was out of money and had to live on rice and soy sauce for over 2 weeks. I did not complain once because a lot of the world lives this way all the time, and I at least had a roof over my head.
Today I use my college knowledge to save lives as a docker, why should my incentives to work hard be reduced? If I did not go to college I will not be able to save lives like I do now.
The equity cartoons are cool and have some use in the education system but has anybody really thought this through on what it means for our GDP if we lose the pay for performance system and stop rewarding actual work output? Where is the written system that spells out how this idea is going to be implemented, what is the concrete plan for corporate America? I have searched for hours and can't find one. Yes, we need to address the fact some billionaires (there are a lot of them and they exist in almost every country) do less work and add less value than a person who only has enough money for one meal a day. However, there is a big gap between ideation and coming up with a tactical plan that is fair to everyone and still rewards people for moving our society forward.
Seeking help, please enlighten me on tactical equity procedures but don't flame me as that will not be productive. PLEASE SPREAD THIS MESSAGE!


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Sophisticated Gentleman 21/06/22(Tue)11:16 No. 3641

What about getting some money gift from boss for good work? In my company workers from time to time get some gift cards as the rewards for succsfull work. Its good motivation for others. Usually use this service for it https://www.tremendous.com/products/gift-cards


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McW 21/06/30(Wed)02:01 No. 3642

Marxism...let's call a spade a spade, here...has always been doomed by this dynamic. Equality (sorry, sorry...EQUITY) is enforced regardless of skill, intelligence, or productive ability. Everyone with the same job description and seniority makes the same wage. A worker who produces ABOVE his quota simply gets his quota raised without any increased compensation. There is NO incentive for improvement, innovation, or productivity. The goal does not seem to be the generation of wealth for those (like me) who do not HAVE any wealth, but to simply assure that there is no wealth...and no possibility of wealth...for ANYONE. Any person who complains of the system is, presumably, sent off to the Gulag...maybe Kamala can refurbish GITMO; I imagine they're already working on that, given the terrible (nonexistent) White Supremacist terrorist threat to this country. This analysis can be applied pretty equally to the Biden team's entire domestic policy from 'Defund the Police' to 'Tax Anyone With Money Until They Flee Abroad'. I really don't think all those Central Americans would be so eager to emigrate here if they knew what the plan was for THIS country.


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Sophisticated Gentleman 21/10/16(Sat)23:50 No. 3695

>>3642
You have a bad case of black and white thinking. There's a broad spectrum between pure capitalism and outright marxism, and civilized countries exist somewhere in the middle. Marxists and progressives are also not the same thing. Remember, marxism truly took hold in eastern nations like China and North Korea, and they're some of the least tolerant places on earth.


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Sophisticated Gentleman 21/11/01(Mon)12:59 No. 3706

I'd rather work like the woman in the second example. In fact, while looking for a job, I realized that I want to find something calm. It was one of my top job search criteria at https://uk.jooble.org/jobs/Luton%2C-Bedfordshire . I don't want to be nervous, stay late after work, work on weekends, so I found a great job as a secretary on this site.


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Sophisticated Gentleman 21/11/01(Mon)16:56 No. 3707

There's no such thing as equity



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