Natika33
Active Member
Hear hear! I've long said the same thing!
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evandyk
Senior Member
In many big companies, the pay grades now start at levels 4, 5, 6 etc. because all of the work they previously used to hire for at levels 1, 2 and 3 has been outsourced. Think janitorial, food service, routine clerical, mail room, etc. None of those people are employed in the business they're performing services for.
turbanplanner
Active Member
I've seen that line of thinking several times on reddit and even in person with people I know.
lexaprofessional
New Member
Ironically, a major driver of price inflation since 2022 has been the tight labour market and the resulting above inflation wage increases that have created excess demand.
Northern Light
Superstar
There a couple of jurisdictions that have outlawed stock options as compensation. I would tend to support this. Its not even a social equity argument. Its actually a shareholder's interest argument.
The value in stock options is the ability to buy shares at a set price, where that set price is below the market price. This comes with two serious issues for shareholders.
1) The incentive to the CEO to goose short-term earnings to inflate the stock price to exercise said options to greater personal gain, but at the expense of long-term company performance.
2) The exercise of options automatically carries a dilutive effect that lowers everyone else's share value.
Its a poorly thought out form of compensation.
nfitz
Superstar
Presumably that will only get worse with the moves to reduce the number of people coming to the country that will work.
turbanplanner
Active Member
are you aware of how private equity works? It’s literally in their best interests at times to basically tank the value of the company as long as sales or some other KPI is hit
felix123
Active Member
Alright, we don't need 2 pages about corporate pay inequality. Anyone have any actual updates about Line 5?
Natika33
Active Member
You can dislike something even if you are aware of why it happens. But as felix123 has said, we should get back to the subject at hand.
WillTo
Senior Member
That's alot of deficiencies.
cplchanb
Senior Member
i can understand scattered sections here and there but to have it for this huge stretch is unacceptable. its not the first time theyve done paving and theyve had years to figure this out.
Undead
Senior Member
This is actually coming from wildly irresponsible monetary policy since 2010 and especially during covid.
The labour shortage is not real.
StatCan report casts clouds on claims of a widespread labour shortage in Canada
A new report is casting doubt on the idea that Canada is facing a widespread labour shortage and bolsters the arguments by some labour economists that high job vacancies aren't due to a shortage of workers.
What they really mean is that there's a shortage of people who will work shit jobs for shit pay. Who would have thought?
The real shortage is in the STEM and other difficult, technical professions, because few people have the desire or ability to educate themselves to a point where they qualify for the high end jobs.
Everyone wants to be in the cushy, mushy middle office job class. Which is exactly where we have an oversupply of labour.
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turbanplanner
Active Member
I know this is in regards to sidewalks but a massive amount of the actual needs to be fixed, the newly paved sections were done terribly, sunken sewers etc
smallspy
Senior Member
It is and it isn't. They aren't tearing up every meter of sidewalk that they've installed. But they are (and have already) torn up and redone several sections of sidewalk - particularly at intersections.
In fact, most of the stretch is done now. There's only a couple more areas that they need to do before they can call it done and dusted.
Dan
