Timmy
white swans need love too
- Joined
- 30 September 2007
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What if the 16-year old saved up $5000, pestered her parents to open up a CFD account then earnt $800 in a week trading, would that be ok?
I guess it would be OK as it would be a B&$#@@y miracle.What if the 16-year old saved up $5000, pestered her parents to open up a CFD account then earnt $800 in a week trading, would that be ok?
I think everyone's missing the point. It's very easy to sit back and say that $800 is too much, but the reality is someone was willing to pay that.
Now, if I can find a 16yo or a 46yo that brings enough into a business that I can justify paying them $800pw I'll happily pay it. Similarly if they generate much more value than that, I don't see why I wouldn't pay them more.
The reality is how old they are is irrelevant. It's just another form of discrimination. People should be paid based on the value they generate.
For example, I know of a 22yo who's not yet finished their degree with about 8 months experience in their line of work who is on track to earn over $350k in his first 12 months. Is he worth it? In truth, he's probably worth much more than that - he's generated over $2m in new business for his company and in a field they weren't previously involved in....
It comes back to the old adage - price is what you pay, but value is what you receive.
We have a few Gen Y's at work. Main difference I've noted is they want everything NOW and just don't get the concept of having a long term plan and actually sticking to it. Also they have an outright obsession with mobile phones.* work ethic not too high - this has alienated others quite quickly
* excuses for almost everything that isn't delivered on time or at required quality
* usually refuses to take responsibility for individual actions
I could probably go on, but am feeling old and spiteful all of a sudden......
We have a few Gen Y's at work. Main difference I've noted is they want everything NOW and just don't get the concept of having a long term plan and actually sticking to it. Also they have an outright obsession with mobile phones.
Other than that though I'd have to say that their incredible ability to get things done, which is absolutely tops, more than makes up for any downsides.
Overall I'd rate them higher than the rest. Quite a bit higher in fact. Harder to deal with in many ways but the good points more than make up for that. Only thing is it did take me a while to get used to the phone thing. Text, text, text...
trishan9390;28599So anyway we come out of the academic system with the ability to utlise technology and information sources much more effectively than the generation before us which would explain our ability to get things done. .[/QUOTE said:The ability, definitely, but from my experience, not the work ethic to stick out the "boring" part of any real job. Proved to me by the case I mention where a 16yr old refused a second week at $800 because the job was boring.
You are stereotyping all of Gen Y on the basis of one employee? Are you serious?Nioka,
Sounds like a classic Gen Y type thing. Want the money, but don't want to work too hard, and don't want to be inconvenienced while earning it.
Have one at work under me (along with a number of Gen X and baby boomers) and the difference in thinking is quite unbelievable. Could be a new thread all on its own. Don't know how many others out there see it too but it can be summarised as follows...(at risk of offending the youngsters out there)
* work ethic not too high - this has alienated others quite quickly
* excuses for almost everything that isn't delivered on time or at required quality
* usually refuses to take responsibility for individual actions
I could probably go on, but am feeling old and spiteful all of a sudden......
I have quoted one example, more to draw attention to the wage. I could quote many other examples, some from my extended family and some from the children and grand children of my neighbours. The attitude of " I'm educated so the world owes me instant recognition" prevails.You are stereotyping all of Gen Y on the basis of one employee? Are you serious?
Oh really? Clarify first, please.I have quoted one example, more to draw attention to the wage. I could quote many other examples, some from my extended family and some from the children and grand children of my neighbours. The attitude of " I'm educated so the world owes me instant recognition" prevails.
I have quoted one example, more to draw attention to the wage. I could quote many other examples, some from my extended family and some from the children and grand children of my neighbours. The attitude of " I'm educated so the world owes me instant recognition" prevails.
I guess thats the truth, although I was interested in the earlier arguments about executives getting overpaid while the underlings or mid-tier people get paid substantially less.To get away from this stupidity and back to the original post, there's no such thing as a "fair wage" any more than there is a "fair price for corn chips shaped like Kevin Rudd", there is only the market price, and trying to apply a moral judgement to it is an excercise in futility.
Komki vans and rainbow shirts came a generation after me. Had they not been doing what they did and lived like they have they may not be finding it so hard to manage now. I'm sure, with the passage of time teaching them a better way, that most of them have come around to a different way of thinking.That's an ignorant stereotype and says more about you than it does about the people you're complaining about. It's just as factual to say all people your age drive around in combi vans wearing rainbow coloured shirts, smoking weed and waiting for their welfare handout.
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Remember my age group has been young and foolish
Funny thing is though all of my age group is stereotyped, mostly thanks to brainwashing by the wonderful news.com.au and the mX with their agendas on Gen Y's.I feel the same way about top executives, but can't logically justify it.
They command such high prices because they're scarce, and they're scarce because they have enough money to comfortably retire. It takes a lot of money to draw most people with millions in the bank, nice houses and boats and golf club memberships out into the world of business, but they're the people wanted for CEO level roles generally.
Until one day you matured, and learned to do the responsible thing by taking heavily leveraged speculative positions on the real estate bubble. How wise, I'm certain we can all learn a valuable lesson from this example of prudent financial planning.
..... there's no such thing as a "fair wage" any more than there is a "fair price for corn chips shaped like Kevin Rudd", there is only the market price, and trying to apply a moral judgement to it is an excercise in futility.
Yeah and please don't whine about this Gen X's, take Bill Gates' lesson and just live with the fact that "that's life" and none of us care that you were born in a recession while we are enjoying 16 years of economic expansion with unlimited opportunities.This is really the whole point. Comes down to supply and demand as with any other commodity. We have almost full employment, so employees can command pretty much what they want.
I believe that neither a borrower nor a lender be. I never take highly leveraged positions and a lot of those that have done have certainly come unstuck. When I did borrow I found that, on average, the only one to gain at the end of the deal was the bank. Then I learned to save and invest was the best way to go.Until one day you matured, and learned to do the responsible thing by taking heavily leveraged speculative positions on the real estate bubble. How wise, I'm certain we can all learn a valuable lesson from this example of prudent financial planning.
believe that neither a borrower nor a lender be. I never take highly leveraged positions
In fact, that's the perfect example - price and value are different things. As an employer you should employ where there is value.
In the example you sight, you highlight the inefficiencies of govt interference in markets. Soon there won't be any bulk billing doctors. If experienced accountants and lawyers charge $700-1000/hr, the idea that the government gives bulk billing doctors $100/hr is insane.
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