Old Poolman profile image 82

Do you think many minimum wage employees would go for a profit sharing plan?


We now have large numbers of minimum wage employees asking for, or demanding, a pay increase to $15 per hour. I have to wonder how many would accept a fairly structured profit sharing plan in lieu of a flat increase in their hourly wages? In effect, this would make them more like part owners in the business rather than just another minimum wage earner. This combined with in-house training programs and a chance for advancement might make a difference. My guess is that many would much rather just have the pay increase and forget the profit sharing, but I might be surprised.

 

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littlething profile image81

Best Answer Jackie S (littlething) says

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21 months ago
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    Mike (Old Poolman) 21 months ago

    Great response and some very valid points. A learned skill is ours to keep forever and can be sold to any employer who needs that skill. Most minimum wage employees have few if any skills but are trainable. It could be a step forward for them.

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Ron Bergeron (ronbergeron) says

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21 months ago
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    Mike (Old Poolman) 21 months ago

    Your probably right Ron.

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breakfastpop says

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21 months ago
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    Mike (Old Poolman) 21 months ago

    I suspect your correct Patti.