In the case of NWA, it would not be your company per se. Obviously, it's a publicly held corporation, which includes (at least up until the BK filing) a large chunk of shares held by the employees. So in this case, yes, they do/did have some say in company affairs. The broken promises tied to that stock issuance is a story for another thread.
Kev's Busiess 101: Ruling by fiat is a recipe for decreased productivity, high turnover/attrition, and increased costs.
But isn’t that the point? If I as a corporate owner do not pay a fair wage or supply other benefits that are the industry average I will eventually be faced with 2 options. Adjust the compensation to my employees to industry standards (or what ever the market will bear) or go out of business for lack of quality which seems like it is happening at NWA.
The wages which are being commanded in this country by blue collar workers is substantially higher than that of the wages in other countries. Kind of like the diffusion process we learned about in science class, the salary base seems to be leveling it’s self out on a global scale. Unfortunately it seems to be going down quite a bit quicker for us than it is rising for the rest of the world.
Seems to be if the US had spent less time and money fighting ghosts and more time an money helping keep the countries at the bottom of the barrel above water level we might not be in this mess as well, but as stated earlier, that will be a different thread also.
Our cost of living is substantially higher than most places in the world. Most folks look for the best deal. Most of your clothing in your closet comes from China, Singapore, Thialand … etc. Toyota is set to be the largest auto manufacture in the world. There are no electronics manufactured / designed here in the US are there? We will shop at Wall-Mart or Target for the best deal. Yet everyone wants the money that they lost back. Where the hell is this money supposed to come from? Yea yea .. the execs can take a pay cut. I have not done the math but nothing I have read says that the (I’m guessing) 10% of the employees making lets say over $90k a year (do we include the pilots or not?) will be able to pay for the salary lost by the other 90%. So where is the money to come from?
We live in a world that is becoming smaller and smaller. We as a nation failed to look ahead and plan for the future and now we pay for it. Salaries in a lot of industries are going down. We have competition that we cannot beat. He who has the cheaper product will win. Does management need to be cut? Yes. Does labor need to be cut? Well does it? Are you going to admit that it needs adjustment as well or are you going to pretend that it is all managements fault and labor is as pure as the driven snow?
Would I like my pay cut back .. gee let me think about that and get back to you. AA is not offering me or anyone else here any more money. I would not think of walking in to my bosses office and say either we get this this and this or we all walk. I evaluate my needs and when the time comes that this job no longer cuts it I will tender my 2 weeks notice and move on. For me, it is that simple. Kind of like the relationship between a parent and child. I do not negotiate with my children. My child does not dictate the wage that he gets for house hold chores. Yes I know that he does not have the ability to seek different employment with another family but I think you get my point. Yes I know there are BOD’s to deal with and stock holders to deal with but again, I think you understand the point I am seeking to make. I do not feel it is just for one group of employees to be able to hold a company hostage. What say do I have in this? None.
In the case of NWA, it would not be your company per se. Obviously, it's a publicly held corporation, which includes (at least up until the BK filing) a large chunk of shares held by the employees. So in this case, yes, they do/did have some say in company affairs. The broken promises tied to that stock issuance is a story for another thread.
Kev's Busiess 101: Ruling by fiat is a recipe for decreased productivity, high turnover/attrition, and increased costs.
But isn’t that the point? If I as a corporate owner do not pay a fair wage or supply other benefits that are the industry average I will eventually be faced with 2 options. Adjust the compensation to my employees to industry standards (or what ever the market will bear) or go out of business for lack of quality which seems like it is happening at NWA.
The wages which are being commanded in this country by blue collar workers is substantially higher than that of the wages in other countries. Kind of like the diffusion process we learned about in science class, the salary base seems to be leveling it’s self out on a global scale. Unfortunately it seems to be going down quite a bit quicker for us than it is rising for the rest of the world.
Seems to be if the US had spent less time and money fighting ghosts and more time an money helping keep the countries at the bottom of the barrel above water level we might not be in this mess as well, but as stated earlier, that will be a different thread also.
Our cost of living is substantially higher than most places in the world. Most folks look for the best deal. Most of your clothing in your closet comes from China, Singapore, Thialand … etc. Toyota is set to be the largest auto manufacture in the world. There are no electronics manufactured / designed here in the US are there? We will shop at Wall-Mart or Target for the best deal. Yet everyone wants the money that they lost back. Where the hell is this money supposed to come from? Yea yea .. the execs can take a pay cut. I have not done the math but nothing I have read says that the (I’m guessing) 10% of the employees making lets say over $90k a year (do we include the pilots or not?) will be able to pay for the salary lost by the other 90%. So where is the money to come from?
We live in a world that is becoming smaller and smaller. We as a nation failed to look ahead and plan for the future and now we pay for it. Salaries in a lot of industries are going down. We have competition that we cannot beat. He who has the cheaper product will win. Does management need to be cut? Yes. Does labor need to be cut? Well does it? Are you going to admit that it needs adjustment as well or are you going to pretend that it is all managements fault and labor is as pure as the driven snow?
Would I like my pay cut back .. gee let me think about that and get back to you. AA is not offering me or anyone else here any more money. I would not think of walking in to my bosses office and say either we get this this and this or we all walk. I evaluate my needs and when the time comes that this job no longer cuts it I will tender my 2 weeks notice and move on. For me, it is that simple. Kind of like the relationship between a parent and child. I do not negotiate with my children. My child does not dictate the wage that he gets for house hold chores. Yes I know that he does not have the ability to seek different employment with another family but I think you get my point. Yes I know there are BOD’s to deal with and stock holders to deal with but again, I think you understand the point I am seeking to make. I do not feel it is just for one group of employees to be able to hold a company hostage. What say do I have in this? None.