Roy wrote a wonderful response
> In order to hire and maintain effective managers, a company must
> pay the market price. However, there are some who would argue that the
> market price of some managers is inflated given the trend toward
> recognizing the contributions of all members of an organization.
> My guess is the bulk of managers in unionized enviroments don't
> make multiples of the laborer's wage. It's possible that in non-union
> businesses this is often so. Doesn't this go back to the old argument
> about whether compensation should be based on effort or education?
The thought of "market price" came to mind yesterday afternoon. I'm not
very knowledgeable about how business processes actually work. Thank you
for sharing your expertise. I was also doing the math for the "multiples
of the laborer's wage" and you may be right about multiples not being the
trend. At the same time, it's not difficult to get paid 4 times $15,000,
and $15,000 isn't unheard of at least in service jobs.
Let me say again, thank you for sharing your expertise. I'm just sharing
my "thoughts in return" and very much appreciate your note.
-- Have a nice day John Paul Fullerton jpf6745@acs.tamu.edu