Some companies are beginning to restore cuts they made to managers’ salaries and bonuses in the early, bewildering days of the pandemic shutdowns, a sign that some industries—and their white-collar workers—are benefiting from glimmers of a recovery while millions of others continue to endure job and income losses.
In the first weeks of the pandemic, companies contending with government-ordered lockdowns, plummeting orders and closed stores reasoned that cutting pay could lower costs and stave off greater job losses. Many targeted...
WSJ = CCP RUNNING DOG Take an early look at The Wall Street Journal = become CCP running dog early. As WSJ.
Defund the teachers unions
SO MANAGERS ARE DOING WELL BUT WHAT ABOUT THE WORKERS. HOW MANY WORKERS DOES ONE MANAGER MANAGE? ALWAYS THE HIGHER UPS MAKE OUT GOOD. SCREW THE AVERAGE GUY. THERE ARE MUCH MORE WORKERS THAN MANAGERS. SOME MANAGERS DON'T EVEN WORK JUST SUPERVISE PEOPLE WHO DO THE REAL WORK.
It is a sign that wages have been stagnant versus inflation and growth for the last 50 years, because now that growth isn't assured for any company, they gotta pay more to retain workers that are tired, broke and broken. There isn't any recovery yet due to COVID mismanagement.
With tax breaks, PPP loans and stock buyback options, it's the least they can do. ✋