dimpy.handa
Dimpy Handa
It is quite common for workers to be outraged at the apparent injustice of their wage levels in comparison to salaried management, especially at the executive level. Some will even go so far as to claim that managerial, executive, corporate greed is the reason layoffs occur and wage rates are not higher. One way to address this simplistic view is to put it in terms of an abstraction of diminishing marginal utility, but I feel it can be better addressed with a real-life example.
A very large company with abundant resources built a factory in a growing city. Eager to attract workers, the company allocated a large amount of capital to the human factors of production in the hope of attracting and maintaining a large workforce and increasing productivity in the process. Indeed, wages and benefits across the board were well above average rates in the area, and the strategy succeeded in attracting enough workers to fill all the positions required for the factory's efficient operation.
A very large company with abundant resources built a factory in a growing city. Eager to attract workers, the company allocated a large amount of capital to the human factors of production in the hope of attracting and maintaining a large workforce and increasing productivity in the process. Indeed, wages and benefits across the board were well above average rates in the area, and the strategy succeeded in attracting enough workers to fill all the positions required for the factory's efficient operation.