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Originally Posted by Harry Lime
Every penny of cuts is being put on the lower level employees or relayed to higher prices to the consumer. The highest level of management and ownership hasn't felt this at all yet. When they do, things are going to get ugly.
The thing that bothers me the most is the 'we need to tighten our belts' talk. I have enough control and insight into finances to see where the increase is being absorbed.
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I think the next level that will be hit is the mid level worker. The people that have years of experience but are not management will be paid the same as a new hire on their first day.
https://www.seattletimes.com/explore...orkers-is-not/
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Wages for the country’s lowest-paid workers have increased 0.7 percent per year since 2007, while those in the middle — the 50th percentile — have gained 0.3 percent annually, according to an analysis of Bureau of Labor Statistics data by the Economic Policy Institute
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American numbers but I suspect ours will be the same eventually. The highest level employees won't feel any pain here.