Wednesday, April 3, 2013

The Standard on Pay Rates.


The New Zealand left wing newsletter/blog, "The Standard" has some interesting discussions on wage levels.

It appears only the already rich work harder when they are paid more. The poor have to work for love.

The idea that we are not competitive unless wages are low wears a bit thin when those at the very top can pay themselves 17 to 20% more each year.

 Zetetic in The Standard on pay rates.
"As you know, the Right says more money incentivises harder work. John Key felt he wasn’t working very hard when he first became PM on a net $250,000 a year, so he gave himself tax cuts and pay rises worth $100 a day. Just look at the results!
But I’m confused: why’s he cutting our pay with youth wages, higher Kiwisaver, and higher student loan repayments? Is it that rich people work harder when they get more money and poor people work harder when they get less?
I guess the elite really do see us as a different species – mules, I suppose. And I see them as a different species but for different reasons and as a different species – leeches.