10

Time and a Half

Posted by Herb7734 7 years, 5 months ago to Economics
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In days of yore I was in the retail business.I still have many friends and aquaintences in retail. One of the happy things about the Christmas season was that instead of hiring additional workers for the longer hours that I must have stayed open in order to be competative, I extended the hours of my current help, paying them time and a half for working over the 40 hour week. Now, keep in mind that it would have been considerably cheaper for me to hire additional part-time help. Keep in mind that the additional moneyearned by my regular help, paid for their Christmas and was looked forward by them in order to purchase many things without the need to finance them that they have been waiting all year to get. But there has been a radical change in the outlook of employees since I was in business. According to my friends still laboring in the management side of retailing, the help would rather stick to their regular hours than put in the extra work in order to get the extra pay. What? If I proposed this when I was in business the help would likely have gone on strike. I inquired do yo still pay them more for the extra hours? Yes, they sure do. then what is the problem. It turns out that there simply is bot enough payment to entice them to work the extra hours. This, to me explains everything one needs to know about the current labor situation in America. I think that every worker in every industry except in the USA welecomes the opportunity to make the extra money during the holidays.Thi really saddens me.


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  • Posted by $ blarman 7 years, 5 months ago
    I always find it interesting to point out to people how much the government takes in Social Security and FICA - which they will never see again. The other thing they don't see is the unemployment insurance that gets tacked on to the employer's side of things. One of the things I've always heard is that if people had to actually pay those things on their tax returns every year, those programs would be gone in a heartbeat at the next election.
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  • Posted by 7 years, 5 months ago in reply to this comment.
    As a retiree, with no additional income other than savings, investments and social security, I cannot afford to take chances. I choose not to be a burden to either my family or the state.I'll pay my own way or face an early demise. So, as you can see, taking chances for me is no longer viable. Every time I started a new business I took a chance. now, its your turn..
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  • Posted by 7 years, 5 months ago in reply to this comment.
    In today's strange economy it certainly may turn out that the extra money doesn't provide enough to warrant the extra work. In which case it doesn't bode well for the future of retailing.
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  • Posted by 7 years, 5 months ago in reply to this comment.
    My interest in this discussion was that of the change in the general attitude of employees from the time when I was in retail until now. You're the exception and as they say, it's the exception that proves the rule.
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  • Posted by evlwhtguy 7 years, 5 months ago
    The average worker in the USA is
    A. Bone lazy and B. has been inculcated with the Idea that they can never get ahead...so why try!

    Not the go-getter attitude of previous generations but the best kind of attitude for big government controlled drones.

    Another factor here is the progressive nature of the tax system, the worker perceives that the more he works the more his taxes are. this is a clear damper on the notion of working extra. At the level of a store employee, this is not so much the case, but they think that this is the case. Welfare benefits are subject to this same curse, don't do too well or you will loose your benefits.
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  • Posted by $ Olduglycarl 7 years, 5 months ago in reply to this comment.
    I do not include proceeds from my book...ALL of that goes toward paying off the mortgage.

    There is something I have put a lot of time and effort into, one inwhich I'll share if successful, it's been just over a year now and getting close to finding out if I have wasted that time or not.

    Nothing ventured, nothing gained and nothing but skin in this game. No monetary investments thus far.
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  • Posted by $ Abaco 7 years, 5 months ago
    The government takes too much of their money. That's certainly one facet worth looking at. How will their life improve with another $200 in the bank? It's certainly different than working for yourself...
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  • Posted by $ CBJ 7 years, 5 months ago in reply to this comment.
    I think that as an employee, one's work ethic relates to doing good work during the amount of time per week that one has agreed to. It does not necessarily relate to one's willingness to work more than those hours, even if the incentive is a higher hourly rate. There can be many reasons to decline paid overtime aside from an insufficient work ethic.
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  • Posted by 7 years, 5 months ago in reply to this comment.
    Jeez, you almost make me want to go back into business in order to hire you. A gesundt auf dyna kopf, boychick.
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  • Posted by 7 years, 5 months ago in reply to this comment.
    Unless you create one yourself, for yourself. With your kind of energy and a rational mind you should succeed.
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  • Posted by Dobrien 7 years, 5 months ago
    Happy holidays to you and Your family! I feel your sadness , I also know that family will give you great joy in the coming month.

    What you describe reminds me of Atlas Shrugged.
    As the story unfolded it was more and more difficult for the producers to find quality employees to get the job done. When a conscious
    Worker became involved they shined like a bright star and even were invited to the gulch.
    I have never had an hourly wage or a salary. I work 2 jobs one that I love and the other pays the
    Bills I never consider a starting or ending to the day, week or month for that matter. I am not a workaholic but when I can make some dough that is my focus.
    I basically fit my life in between my work and sleep. Just like most of the gulchers I suspect.
    Zayn blyendik ir ale.
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  • Posted by 7 years, 5 months ago in reply to this comment.
    Paying too much? Brother you don't know retailing, where the profit margin is at best 40% and at least 25%. Add in overhead and there's no money left for high wages.You can easily see that overtime leaves the barest of profit. But, what the hell, its Christmas.
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  • Posted by $ Olduglycarl 7 years, 5 months ago
    That is why, I am the only one in my area, (building engineer) at Hospice that puts in 10/20/30 hours a week in overtime...everyone else either doesn't want it or they are always taking time off.

    Sure, after some point, I am only feeding the "Beast" (our expression for government) but I am only making a little more than half the income I once earned when working for DeWalt Power Tools, which ended in 09.
    In every field I ever worked...there are just no jobs over 6 figures anymore.
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  • Posted by 7 years, 5 months ago in reply to this comment.
    It's good to hear that there are still a few who value overtime, and put it to good use.
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  • Posted by freedomforall 7 years, 5 months ago in reply to this comment.
    That was my experience when I was software consulting. My base was $40 and my total was about $90 due to all the overtime (in the early 80s) but I only got paid for over time when they were billed and collected. That way it was good for everyone. A normal week was 60-100 hours. I'm glad to hear some employers still value the most productive.
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  • Posted by Domminigan 7 years, 5 months ago
    I make more than twice my base 40 hour annual exclusively due to overtime.
    There are many others in my company who do their very best to avoid working more than 20 hours a week.
    I am constantly appalled by the work ethic of those around me.
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  • Posted by coaldigger 7 years, 5 months ago
    When I got out of college in 1964, I was employed by an engineering and construction company. My father was in management for a steel company and worked long hours so I was surprised that salaried engineers on projects were paid time and a half. It seemed like we were "laborers" but it made sense because each project was unique and under extreme time pressure. If you are designing a control system for a manufacturing process it is unlikely that the "second shift" can come in and pick up where you left off when the bell rang at 5:00. Since the process knowledge plus the electronic expertise was relatively scarce it was wise to pay us to stay later. We also went into the field on startups so there was a lot of extra hours as a project was coming on line. We were invested in the success and time line of projects and would probably put in more hours just out of a sense of duty.

    My salary was just over $7K but I made $13K due to the OT. In 1964 you could do a lot with that and since we were newlyweds, we made a down payment on a house and bought a lot of furniture. I guess that if your people don't want any extra money, you must be paying them too much for their 40 hours.
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