We are bamboozled, flimflammed and hoodwinked by the miracle of compound interest. If you earn $10,000 and get a 10% increase you get $1,000 more. If you earn $100,000 and get a 10% increase you get $10,000. Does anybody see the problem here. The percentage is the same but the net difference is too much…the rich get richer…. The wage gap increases and over fifty years is inexplicable. Its an exponential growth. So when TBS says they want a fair per centage increase it begs the question…”what is the fair wage?” We already know, through covid, our lowest paid essential workers need to be paid more. So what if the per centage seems high, pay them what they are worth but make it fair. 30% of peanuts is still peanuts.
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