Should cost of living raises be a law?

Should cost of living raises be a law?

Posted in the Utica Forum

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wondering

Herkimer, NY

#1 Sep 1, 2013
With everything going up and never down, I often wondered why companies aren't required to give cost of living increases to their employees. Do you think this should be a law to maintain a decent quality of life? I work for a company where the owners are all for themselves and have little respect for the people that work for them. The average hard working dedicated employee should not be expected to work without a raise forever, our quality of life goes down while everything around us goes up. Any thoughts out there??
WTF

Herkimer, NY

#2 Sep 3, 2013
wondering wrote:
With everything going up and never down, I often wondered why companies aren't required to give cost of living increases to their employees. Do you think this should be a law to maintain a decent quality of life? I work for a company where the owners are all for themselves and have little respect for the people that work for them. The average hard working dedicated employee should not be expected to work without a raise forever, our quality of life goes down while everything around us goes up. Any thoughts out there??
Wow, good point. I for one have been stretching my paycheck for years without a raise. How long can the average person keep doing this?
Halfmoon Cookie Face

Albany, NY

#3 Sep 3, 2013
wondering wrote:
With everything going up and never down, I often wondered why companies aren't required to give cost of living increases to their employees. Do you think this should be a law to maintain a decent quality of life? I work for a company where the owners are all for themselves and have little respect for the people that work for them. The average hard working dedicated employee should not be expected to work without a raise forever, our quality of life goes down while everything around us goes up. Any thoughts out there??
I would say you must not be valuable enough to the company to warrant a raise. Check out some other companies...send some resumes...and go from there.
workaholic

Utica, NY

#4 Sep 3, 2013
with everything government is doing to incumber Mom and Pop businesses? absolutely not..look for a better job..and an employer that will recognize and compensate you for your extraordinary skills...the private sector cannot survive with the principals of government management...and next time your'e in a post office, see how well government will handle health care.
How about making yourself invaluable, show that you make the business money, and save money, have a work ethic like your grandparents, and vote for people who promote welfare reform, slashing government spending, and start expecting more from municipal, state, federal, and school employees. Promote responsible social services to the elderly, and disabled, and require work from everyone else that gets a check...when we start reducing the taxes to promote bureaucracy and social services, we will all have more money.
Halfmoon Cookie Face

Albany, NY

#5 Sep 3, 2013
workaholic wrote:
with everything government is doing to incumber Mom and Pop businesses? absolutely not..look for a better job..and an employer that will recognize and compensate you for your extraordinary skills...the private sector cannot survive with the principals of government management...and next time your'e in a post office, see how well government will handle health care.
How about making yourself invaluable, show that you make the business money, and save money, have a work ethic like your grandparents, and vote for people who promote welfare reform, slashing government spending, and start expecting more from municipal, state, federal, and school employees. Promote responsible social services to the elderly, and disabled, and require work from everyone else that gets a check...when we start reducing the taxes to promote bureaucracy and social services, we will all have more money.
This line of thought goes against pretty much every uticans frame of mind! Lol
teo

United States

#6 Sep 4, 2013
Wondering,

If the government forces companies to give cost of living increases it will not help you one iota. It will only cause the prices you pay to go higher by the same amount canceling any advantage that you gained from the increase in your wages.

It will only exacerbate inflation by raising prices and by raising prices (the cost of living) your costs will increase. When you receive your next cost of living increase it will start the cycle anew and prices will increase and so will your wages.

It is called an inflationary spiral and it will never end until the price to buy something will be multiple times more expensive and your employer cannot sell his product because it is priced too high for the market.

With less sales there will be less need for your services and you will be released from your job.

Now you have no job but because you received pay increases (and in turn prices increased) you can't afford the prices that you helped increase.

The real answer is to get the government out of the economy and let markets do what they have always done best, make money and pay people at a rate the markets will bear.
Halfmoon Cookie Face

Albany, NY

#7 Sep 4, 2013
teo wrote:
Wondering,
If the government forces companies to give cost of living increases it will not help you one iota. It will only cause the prices you pay to go higher by the same amount canceling any advantage that you gained from the increase in your wages.
It will only exacerbate inflation by raising prices and by raising prices (the cost of living) your costs will increase. When you receive your next cost of living increase it will start the cycle anew and prices will increase and so will your wages.
It is called an inflationary spiral and it will never end until the price to buy something will be multiple times more expensive and your employer cannot sell his product because it is priced too high for the market.
With less sales there will be less need for your services and you will be released from your job.
Now you have no job but because you received pay increases (and in turn prices increased) you can't afford the prices that you helped increase.
The real answer is to get the government out of the economy and let markets do what they have always done best, make money and pay people at a rate the markets will bear.
This line of thought is far and away a uticans mind! Lol
Zak

Herkimer, NY

#8 Sep 4, 2013
wondering wrote:
With everything going up and never down, I often wondered why companies aren't required to give cost of living increases to their employees. Do you think this should be a law to maintain a decent quality of life? I work for a company where the owners are all for themselves and have little respect for the people that work for them. The average hard working dedicated employee should not be expected to work without a raise forever, our quality of life goes down while everything around us goes up. Any thoughts out there??
Congrats, you are becoming mentally liberated. You are starting to emerge from what I like to call the,"Oliver Twist mentality." This is the origin of every bit of progress that the Labor movement in this country has been trying to accomplish,not that every union is a good one. Yes, you deserve a raise and a decent standard of living. Start looking at your options, hang in there, and fight the good fight!!
Halfmoon Cookie Face

Albany, NY

#9 Sep 4, 2013
Zak wrote:
<quoted text>Congrats, you are becoming mentally liberated. You are starting to emerge from what I like to call the,"Oliver Twist mentality." This is the origin of every bit of progress that the Labor movement in this country has been trying to accomplish,not that every union is a good one. Yes, you deserve a raise and a decent standard of living. Start looking at your options, hang in there, and fight the good fight!!
A person only deserves what a company is willing to pay them...not some forced raise. Come on man...this is the thought that put the utica region in the pickle its in now!!!
The facts

Herkimer, NY

#10 Sep 5, 2013
Halfmoon Cookie Face wrote:
<quoted text>
A person only deserves what a company is willing to pay them...not some forced raise. Come on man...this is the thought that put the utica region in the pickle its in now!!!
But what about an owner that puts all or most of the profits in his and hers pockets with no regard to their employees. Pure greed!!
Truth

Utica, NY

#11 Sep 5, 2013
The facts wrote:
<quoted text>
But what about an owner that puts all or most of the profits in his and hers pockets with no regard to their employees. Pure greed!!
When you take a job you are entering into a contract. You agree to perform a service and the employer agrees to pay you for that service. The compensation rate for any job is(or at least should be) determined by what the most qualified candidate will take to do the job.

The amount of profit that any employer makes and how those profits are used are not the business of the employee. If the employer doesn't provide adequate compensation then that employer will lose employees.

Bottom line. If you are unhappy with the compensation you are receiving or think you need a raise because the cost of living is increasing then you need to do one of a couple of things.
1) Quit that job and find one that pays you enough to keep up with the cost of living index. This is America. It's a free market. Not happy with the job you have? Get another one that makes you happy. Good luck with that.
2) Educate yourself, work hard and make yourself more valuable to your employer. Increase your skillset. The less people that can do what you can do, the more the compensation will be. Again, simple free market principle. If you decide that is not the way to go then see number 1 above.

Finally, don't expect an employer to pay you more because the cost of living goes up and most certainly do not advocate for government forcing employers to do that. It will not end well for the working class if you do.

Walmart employees nationwide are staging protests over wages today. Not a smart move.
Gak

Dover, DE

#12 Sep 5, 2013
Soviet Russia tried to do this.
Truth

Utica, NY

#13 Sep 5, 2013
Gak wrote:
Soviet Russia tried to do this.
In the book "Atlas Shrugged" they had a plan at the Twentieth Century Motor Company.
"The plan was that everybody in the factory would work according to his ability, but would be paid according to his need."

It's the same concept as government mandates regarding compensation and the cost of living index.

"Atlas Shrugged" is a long and sometimes tedious read but I'd recommend it to anyone who would like to see the likely outcome of the government control and the move toward socialism we see today.
Your History Lesson

Carthage, NY

#14 Sep 5, 2013
Truth wrote:
<quoted text>
In the book "Atlas Shrugged" they had a plan at the Twentieth Century Motor Company.
"The plan was that everybody in the factory would work according to his ability, but would be paid according to his need."
It's the same concept as government mandates regarding compensation and the cost of living index.
"Atlas Shrugged" is a long and sometimes tedious read but I'd recommend it to anyone who would like to see the likely outcome of the government control and the move toward socialism we see today.
I don't know what country you live in but here in the U.S., New York State, Oneida County, the government on each level is not even remotely interested in the needs of the people who work within.

That mandate was the Soviet Union's mandate. Have you seen how well that worked out?
Lower My Taxes

Carthage, NY

#15 Sep 5, 2013
teo wrote:
Wondering,
If the government forces companies to give cost of living increases it will not help you one iota. It will only cause the prices you pay to go higher by the same amount canceling any advantage that you gained from the increase in your wages.
It will only exacerbate inflation by raising prices and by raising prices (the cost of living) your costs will increase. When you receive your next cost of living increase it will start the cycle anew and prices will increase and so will your wages.
It is called an inflationary spiral and it will never end until the price to buy something will be multiple times more expensive and your employer cannot sell his product because it is priced too high for the market.
With less sales there will be less need for your services and you will be released from your job.
Now you have no job but because you received pay increases (and in turn prices increased) you can't afford the prices that you helped increase.
The real answer is to get the government out of the economy and let markets do what they have always done best, make money and pay people at a rate the markets will bear.
Agreed. The only thing the government should do is adjust the taxes we pay for cost of living increases.
Truth

Utica, NY

#16 Sep 5, 2013
Your History Lesson wrote:
<quoted text>
I don't know what country you live in but here in the U.S., New York State, Oneida County, the government on each level is not even remotely interested in the needs of the people who work within.
That mandate was the Soviet Union's mandate. Have you seen how well that worked out?
If the government is not interested in the needs of the people who work then why a minimum wage? Why a progressive tax system that punishes higher earners?
Zak

Herkimer, NY

#17 Sep 5, 2013
Truth wrote:
<quoted text>
In the book "Atlas Shrugged" they had a plan at the Twentieth Century Motor Company.
"The plan was that everybody in the factory would work according to his ability, but would be paid according to his need."
It's the same concept as government mandates regarding compensation and the cost of living index.
"Atlas Shrugged" is a long and sometimes tedious read but I'd recommend it to anyone who would like to see the likely outcome of the government control and the move toward socialism we see today.
Did you know Ayn Rand was an amphetamine addict for over 30 years. Do the research. She may have been intelligent in some ways but she wrote a novel, not a blue print for society. No one is saying that people should get forced raises that are not earned.
Zak

Herkimer, NY

#18 Sep 5, 2013
Halfmoon Cookie Face wrote:
<quoted text>
A person only deserves what a company is willing to pay them...not some forced raise. Come on man...this is the thought that put the utica region in the pickle its in now!!!
No one is saying that someone should get a forced or UNEARNED raise. The valley is in the position it's in because it has lost it's industrial base. It's called globalization. For the most part, those good paying jobs were outsourced to China, Bangadesh, etc...... You can blame the unions all you want, but it is too simplistic of an explaination. Follow the money trail. It's all smoke and mirrors, Diversion and distraction.
Truth

Herkimer, NY

#19 Sep 5, 2013
Zak wrote:
<quoted text>Did you know Ayn Rand was an amphetamine addict for over 30 years. Do the research. She may have been intelligent in some ways but she wrote a novel, not a blue print for society. No one is saying that people should get forced raises that are not earned.
Ayn Rand was a flawed person no doubt. I don't idolize her or anything like that. She wrote a book that I enjoyed and consider to be in some ways prophetic.

She did write a novel.

The basis of the novel though is what happens when a government interferes with the free market by choosing winners and losers, enacting massive amounts of regulations and deciding how much a given person is entitled to. All this while using the tactic of villifying the wealthy who are actually the real producers and the glue that actually holds everything together as can be witnessed what happens when they "drop out". Does any of that sound familiar? It would have to if you've watched and understood news reports over the last number of years.
Halfmoon Cookie Face

Albany, NY

#20 Sep 5, 2013
The facts wrote:
<quoted text>
But what about an owner that puts all or most of the profits in his and hers pockets with no regard to their employees. Pure greed!!
The answer is simple. Find employment elsewhere. If you feel you are under compensated find another job. Why should a business owner pay YOU more just because the cost of living has increased?

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