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Is it good employer strategy to pay my employees just enough so that they can't save money, so that they can never walk away from the job?

Like, there is a threshold where if they are able to save X per month, they will eventually use that against you and quit at an inopportune time?

And if that threshold falls below state mandated minimum wage, what steps can be taken to mitigate this?

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[-] Annoyed_Crabby@monyet.cc 6 points 2 months ago* (last edited 2 months ago)

Is it good employer strategy to pay my employees just enough so that they can't save money, so that they can never walk away from the job?

Yes! That's how an average slave labour company works, you hire someone, you make them work long hours so they couldn't have 2nd job or hobby, you pay them at the minimum wage, you lower their self worth and self esteem, and you put up all the barrier of quitting that's actually illegal but they don't dare to even test it. It's the best strategy to keep yourself afloat and them underwater.

Like, there is a threshold where if they are able to save X per month, they will eventually use that against you and quit at an inopportune time?

Yep, there's two way of employee retention, one is pay them good and treat them good they can't even go through the bothersome process of searching job, another one is pay them just barely enough and trap them physically and mentally, drilling the learned helplessness into their mind so it's impossible for them to even take the first step. Of course you'll want to take the latter option because it's the best slave labour strategy and maximise your own return!

And if that threshold falls below state mandated minimum wage, what steps can be taken to mitigate this?

You move to another state with lax law and force your employees to move, of course! And if that's not an option, there's always gonna be a pizza party on friday night.

Remember, the less money you pay for your employees, the more money you pocket yourself. Get yourself a Titanic tour ticket, you earn it!

[-] andrewta@lemmy.world -1 points 2 months ago

Let's look at Walmart and see if this strategy works. Yup seems to work.

[-] Annoyed_Crabby@monyet.cc 3 points 2 months ago

I read it from the masterpiece book, How To Be A Slave Owner by Jeff Bezos

this post was submitted on 07 Sep 2024
-73 points (13.9% liked)

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