“There are companies that exploit minimum wage, just full stop,” Falcon said. “That is nothing I want to ever do. I will shut this business down if I ever paid minimum wage, I will never start a company that ever pays minimum wage.”
Falcon says the company includes employment duration data and lists employee accomplishments alongside salaries in the document to help the public understand why some staffers may have higher wages than others and encourage others to follow in their footsteps should they want to advance in the company.
“So, if somebody goes onto the document, and sees that their peer is earning more than them, well, we should preemptively paint a picture of ‘Why is that?’” “Now, on the surface, a cynical person in my industry would say, ‘There’s no way he’s making money,’” he said. “Our net profits are higher than the industry. Now, why is this? It’s because we hire good working people, and we don’t need a lot of them because their output is greater than a person who is paid minimum wage with no benefits.”
I believe, the fact that they keep track of every employee at the same sheet is more influential.
Should be fun when someone who doesn't understand why someone else gets paid more than them because they do more work or he has to pay more at times because the market demands it but he can't afford to upgrade everyone else's salary screws over the company in one way or another.
The more we communicate about wages, the harder it is for the boss to pull a quick one on us. It also helps the wider conversation, and allows others to make better, more informed, decisions.