The Labor Culture of the USA is not upheld as a valuable commodity anymore. What this amounts to is, "Why should a corporation seek longevity in their employees matched by MERIT increases when the PEAK of their job skills can be resulted on a 'turn over' every two years. The CEOs have decided that employees rewarded for good job performance provide no special outcome to their pay scale. The 'expertise' at two years is the same as twenty years so why keep them on?
What the American Work Force has to offer; CEOs ain't buying!
...This remarkably brazen assault on core American workplace values (click here) originated at Booz & Co., one of the nation's most prestigious corporate consulting firms. America's corporations, Booz analysts advised earlier this year, need to start attacking the "exorbitant" paychecks now going to their most prized, "steady and reliable" veteran workers.
The Booz analysts offer an example of the "significantly overpaid" worker they have in mind. They call him Joe the Machinist, "a stellar employee who knows the ins and outs of the organization, the result of his many years on the job."
Joe's "wealth of institutional knowledge" has become a valued corporate asset. But Joe, after over two decades on the job, is making a lot more than he used to make, especially "compared with co-workers who have been doing the same job for just two years."
Corporate America, the Booz & Co. advice continues, now needs to "address these kinds of wage disparities." Companies need to start "retooling labor costs" to narrow "the gap between high wages and market value."...
