Here's what funny about the whole pay yourself what your employees make and get to the base of the issue. This might be true of Franchise Owners that never worked in the industry and just had money to invest. Or the executives hired in without any fundamental knowledge of the lowest level employees. Many bosses and owners however have tremendous knowledge about their stores and industries. They've done the job and expect others to care like they do. These are the best bosses and owners and why should they take a pay cut? If anything, employee should hear their story and strive to earn more and be more. That's the best aspect of capitalism. The opposite of this is Dan Price, the former embattled CEO of Gravity. He felt like he was some sort of messiah and decided to knock his pay from 1 million to $70K. He paid every employee the same rate of 70K. There were articles written about how awesome this was and how productivity increased and other coworkers were flocking to Gravity. He was being touted by liberal news sites as the greatest thing to happen to business.
Then his top level employees started quitting because they felt their work and expertise deserved more pay than bottom level employees that lacked committment and work ethic.
Then he became marred in legal issues of sexual harassment, a messy divorce, and his own brother suing him for malpractice.
Then this......
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Gravity is now in the tank and Dan Price is gone. This story hasn't received the attention from the same sources that touted it. It's a story of socialist failure in business. It's the story of failure by running a business to social media instead of making tough decisions. Bosses aren't best friends. They should however be understanding and fair. America was founded by hard and fair people. I pray we don't become too soft as we go along.