Thursday, January 26, 2012

One of the richest countries in the world even have poor technique with earnings of others

In the past managers used to earn up to 30 times more than the least well paid employees and now  some managers make more than 1,000 times that of their staff. The jury isnt sure why this is happening but they are trying their best to change this situation. Some want to set limits on the managers salary. Around 10% of the workers full-time don't earn enough to cover their expenses, which means they need welfare. Employers say that in each town the living expenses are different, some towns it is more than enough and some it isnt. There are a few countries over in Europe that don't have a national minimal wage. Europe is very favourable to minimal wage because many countries have acted to protect their domestic workers against wage dumping. As for minimal wage in the rest of the world it has all seemed to be positive.

I was really suprised with reading that one of the richest countries in the world isnt fair with giving money to their workers. Even with America being short on money, we constantly are raising the minimal wage up to reach better standards for those who need the money to support their families. Over in Switzerland the least paying jobs are restaurants, hotels, cleaning services and retail. Which is the same over here, but even over here if these people move up to full-time they get paid way more than the part-time. They haven't set a limit on the minimal wage, but i'm sure they will be fair (hopefully). But they do need to be careful because if they set this to high they will have to increase the price in their Francs which means the prices of goods and such will increase as well. And in the end that won't really help the situation.

What suprised me was the difference in what the managers over there receive compared to their actual workers. I mean yes if your a manager and able to get that job then thats GREAT, but at one point they had to be at the bottom of the chain (the minimal wage folks). Do they not feel greedy? bad? scared for their employees? I know where i work, my managers do anything to let me focus more on school just so i can get my degree and move up in the world with pay. It doesn't seem that way over there and i feel like its kind of like every man for theirself. Which isn't fair at all.

This article gave me a few I never had for the people over there. Caring is something everyone should do and to watch your own employees suffering with not getting paid the correct wage they deserve. I'm in shock and I will keep updating myself to see if these lawyers help out these poor people!

This article (Armando Mombelli, swissinfo.ch)

http://www.swissinfo.ch/eng/swiss_news/Calls_for_a_minimum_wage_mount.html?cid=31977734

4 comments:

  1. You would think someone who worked their way up from the bottom would want to change things and make them better for those working at the bottom because they know what it's like. But I think that it is a greed thing. They think they worked hard to get a high position so they have earned it and when others make their way up from the bottom they will earn it too. They higher up people didn't get help when they were at the bottom so why should the people at the bottom get their help. I'm not saying it's right but I think that's probably their mindset. They should want to keep their employees happy.

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  2. Wow, I find it very surprising too that managers get paid so much more. I've heard stories of managers who get paid for pretty doing nothing at all. It ridiculous. It's sad to hear about people who work really hard, but still don't errand enough money to provided for themselves let alone their families. That us hope one day business will come to their senses and start giving their employees the money they deserve.

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  3. Switzerland is about money. There are multiple banks at the airports, and banks are known for their stability and safety. If you want to have Swiss citizenship, it helps if you are independently wealthy.

    With its "direct democracy" it's a bit difficult to understand how these sorts of differences developed, but then we have very similar problems with CEO's in some companies making similarly more than the workers. I suspect in Switzerland that the lowest paid workers are immigrants or foreign workers. For the last article, you will have a free choice. Perhaps by then you will be able to find an update on this issue.

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  4. I'm surprised with this article as well. Again, I would think that while Switzerland is a rich country, they would also remain fair with all of the people. I know that if this was happening here no one would stand for it. I'm glad to see these poor people are being represented the way they should be.

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