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A comment on Owner of a Credit Card Processor Is Setting a New Minimum Wage: $70,000 a Year. Parent comment

Re:Owner of a Credit Card Processor Is Setting a New Minimum... by jonah on Tuesday April 14, 2015 @01:30AM (#9372279)
How do you define "the value they provide the company"?

It appears the people working at this company company are providing enough value for the company to be able to pay them this amount. If it can sustain revenues, who's to say it has to return its profit to the shareholders rather than to its employees.

[edit] removed duplicate word

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Re:Owner of a Credit Card Processor Is Setting a New Minimum... by icebraining on Tuesday April 14, 2015 @03:37AM (#9372660)
That raises an interesting question. Assuming the profit levels haven't suddenly risen, if the workers are now producing enough value for the company to be able to pay them this amount now, they presumably already were producing that value.

Isn't this an implicit admission that the company was underpaying them before?

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Re:Owner of a Credit Card Processor Is Setting a New Minimum... by briandear on Tuesday April 14, 2015 @04:19AM (#9372818)
Pay should always be less than the value an employee provides otherwise there's be no profit.
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Re:Owner of a Credit Card Processor Is Setting a New Minimum... by icebraining on Tuesday April 14, 2015 @05:09AM (#9372968)
Sure, but if the raises are portrayed as a question of fairness (rather than simply as a business tool to retain and attract better employees), then implicitly they're saying that the salaries weren't fair before, no?
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