Aren’t the $1,000 pay
raises wonderful! … Well, not when you look carefully at what’s going on. When
have employers ever made bonus payments in exact increments to everyone in
their company, from the least skilled to the most skilled, or the lowest performers to the best performers? And how is that Wal-Mart’s
one million employees (low skilled) get the exact pay raise of 145,000 Bank of
America employees—people who have more skill and education?
The answer seems to
be politics—for sure, it’s not about labor markets or company compensation
plans because at no point do firms get together and discuss how they will pay
their workforces.
That takes us to
Disney. They’ve paid the $1,000 bonus to nonunion employees.
But they are not
paying this to union-represented workers on Disney properties. Those 38,000
employees were in wage negotiations before the tax bill was passed and
companies began to hand out these politically-motivated bonuses. What the company apparently
wants is some give-backs for the bonus—and likely, to send a signal to the
38,000 employees that the union is their real problem. Good luck with that
Mickey Mouse idea—even Goofy would see through that sham approach to pay
raises.
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