salary (Definition?)anyone
- Thread starter jonnyfive
- Start date
Not so sure Mr. Truman. The US economy has historically done very well with out being a welfare state. Where it all went wrong and how the people's spending power was hurt. Was through several negative factors. Most but not all having to do with the governments over spending of money to the point of having to borrow money just to keep the big promises that we're made. And also the fact that over burdensome regulations and various forms of red tape requires heaps of company cash to decode and implement. Which in the end effects how they employ people. Also. People can vote with their feet. If one's employer mistreats you. Leave. The problem with that is the fact that we as a people have decided to go into such high levels of personal debt to finance our addiction to big homes, fast cars, Rolex's and such. We end up becoming prisoners of our own success. With the huge personal debt. We can no longer afford to tell an abusive employer to piss off. And they know this and take every advantage of it. This might be an over simplification on my part. As the issue is probably far more complex and multilayered.
bigdog said:
The issue of personal debt is another great part of the trouble ailing our economy. In the UK, historically, the only major personal debt was a mortgage for house purchase on which there was tax relief. When the then Chancellor of the Exchequer did away with joint mortgage tax relief at the end of 1989, this fuelled a house price boom, followed by a housing crash and the problem of "negative equity" for the lenders. However, the lenders soon discovered that if, say, 10% of their borrowers were in default and their houses needed to be "repossessed" and sold to offset the debt, there were still 90% of their borrowers paying exorbitant interest rates (> 17%) on which they were making huge profits, despite the 10% defaulters. The banks soon realised that their former insistence for "collateral" for all their loans was unnecessary, provided that they were charging large enough interest rates to cover a percentage of defaulting borrowers. From 1991, the banks started throwing money at all and sundry and for many it's hard to resist having today what you previously would have had to save up to buy at a later date. The economy was then fuelled by debt, and unless you join in, you'd never be able to save fast enough to buy a house etc, with price inflation fuelled by personal debt. It's all just a house of cards which must inevitably come crashing down.
Would never take a salaried job for the reason that you only get a fixed sum no matter what hours you do and the company will always make it pay in their favour, been contracting for 22 years and get paid for the hours worked including travelling time if I'm asked to. I'm sensible about stopping away, as the trade off is expenses to cover food and entertainment so just book the hours accoridngly.
Darkman said:
Once upon a time. This salaried abuse usually wasn't the case. I recall that a lot of companies used the salary scenario to encourage fast, efficient work from their salaried employees. And said employees were happy. As they could take a powder as soon as their work was completed to satisfaction. Employers liked it. As happy workers are a plus.
Of course times have changed. And no one seems to be happy any more.
I was salaried by a recent employer who stated in the begining that you did 40hrs per week but resonable unpaid overtime was expected as and when needed (v. rare)
That soon changed to 2hrs extra a day is not unreasonable (I.e work 50hrs get paid for 40hrs) but time in lieu will be considered.
That changed to "we will question every bit of time in lieu you request"
Which changed to " No time in lieu, regardless of hours worked"
The moral of the 'story' is that your employer will continually move the goal posts and will ALWAYS maintain the upper hand.
My advice to you is to seek another employer NOW, simply because you will get p!ssed at the constant changes and these will ultimately eat away @ your love of the company/job etc.
ANY employer who cannot offer overtime after 37-40 hrs per week is not worth working for!!
End of rant
That soon changed to 2hrs extra a day is not unreasonable (I.e work 50hrs get paid for 40hrs) but time in lieu will be considered.
That changed to "we will question every bit of time in lieu you request"
Which changed to " No time in lieu, regardless of hours worked"
The moral of the 'story' is that your employer will continually move the goal posts and will ALWAYS maintain the upper hand.
My advice to you is to seek another employer NOW, simply because you will get p!ssed at the constant changes and these will ultimately eat away @ your love of the company/job etc.
ANY employer who cannot offer overtime after 37-40 hrs per week is not worth working for!!
End of rant
ok guys some great views here, so this is my situation now after discusing it with my boss .
So, as long as i do some overtime during the week and want to come in at the weekend he will pay me a overtime rate for the hours worked on the weelend only.Also if iam working away from base and its a late one he wouldnt expect me to come in the next day or at least not to later on.
So this is how iam going to work it , if i feel like working on a saturday ill do a little more during the week ,if iam not than the absult min with out tacking the piss during the week.I must add that he is very understanding and in no way expecting me to work for nothing , so lets hope he is true to he's word. He also mentioned that the people putting in the extra hours on this project will be remembered with a better xmas bonus but we will wait and see.
So, as long as i do some overtime during the week and want to come in at the weekend he will pay me a overtime rate for the hours worked on the weelend only.Also if iam working away from base and its a late one he wouldnt expect me to come in the next day or at least not to later on.
So this is how iam going to work it , if i feel like working on a saturday ill do a little more during the week ,if iam not than the absult min with out tacking the piss during the week.I must add that he is very understanding and in no way expecting me to work for nothing , so lets hope he is true to he's word. He also mentioned that the people putting in the extra hours on this project will be remembered with a better xmas bonus but we will wait and see.
1066 Country
Go work in France under a French contract if you want to work std hours.
By law you are restricted to thirty something hours a week & if you work over this they have to, not obliged, to give extra time off in lieu... and it's all monitored very closely.
Recently their gov was looking at unwinding this legislation as makes the country uncompetitive... then the fight started.
By law you are restricted to thirty something hours a week & if you work over this they have to, not obliged, to give extra time off in lieu... and it's all monitored very closely.
Recently their gov was looking at unwinding this legislation as makes the country uncompetitive... then the fight started.
bigdog said:
The US economy has a massive delta between the haves and have nots, but lets put politics aside as we'd rathole on that.
My question would be that the US is so far in debt it's ridiculous and it shows no sign of stopping. How does that equate do historically done well?