Quote:
Originally Posted by CoachKandSportsguy
There are two problems:
1) productivity increases replacing low level jobs means that the contributions must come from higher income positions. The issue is LOTS of low level contributing positions lost versus 10x the management structure, which is wittled down more slowly, leaving 10x salaried mgmt with a cap of 25% of salary or less.
2) Management salaries are going up higher than labor. At one global company at which I previously worked, VPS and global staff got inflation increases (merit increases) 2x the worker bees, middle mgmt and below. . where I worked. .
3) sr mgmt gets added incentives and bonuses which the masses don't. That's fine, but if you are going to bankrupt the workers social security because sr management marginally contributes, and who makes the decisions to replace workers with automation. .
then they can contribute at our rates
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Top management I believe is a very small percentage of the workforce. Once upon a time I stopped paying SS after 11 months or so.
The problem is lots of people under the level of senior management would be paying more into the system and getting nothing more back.
Either way the system needs to be fixed to keep it solvent.