Jericho: Suck my pie!
So, the managing partner of the law firm I work for just sent out an announcement about the financial status of the firm. The firm is in great shape! It's in excellent shape. Some of our clients are slow on making payments, but the firm is doing fine.
Yet, in the middle of this message, the following phrase pops up:
Little explanation for you: the firm pays out a yearly bonus to all staff of 5% of their salary. I have never considered this a "bonus". I consider it part of my pay. It's not based on any metric or performance. If it is a bonus, it's a retention bonus, because you get it for having survived the previous list. After taxes, the "bonus" isn't all that much money, in fact, it barely covers the gap between what Perkins pays and what the larger Seattle market pays for the same position.
Now, this compares to the yearly partner share. Each firm partner gets a large chunk of the firm's profits at the end of the year. I have no idea what they will get this year, but, five or six years ago a local news paper reported that each partner in this firm received $400,000 dollars. At the time there were over 200 partners. Today there are over 300 partners.
There was no mention of curbing the partner share.
I am so FUCKING tired of getting screwed. I am tired of giving my money to the rich. I am tired of getting poorer as a few select, elitist individuals get richer. I am tired of breaking my ass to make other people's lives cush.
We have our presidential candidates talking about "growing the pie" and the size of the pie - well, where the fuck is my piece of the pie? I'll tell you, it's in someone else's pocket. Every time I hear politicians talk about pie, all I hear is "let them eat cake".
That, and the sound of Dr. Guillotine's masterwork!
Yet, in the middle of this message, the following phrase pops up:
No decision has been made yet on the discretionary year-end staff bonus pending continuing developments over the next six weeks.
Little explanation for you: the firm pays out a yearly bonus to all staff of 5% of their salary. I have never considered this a "bonus". I consider it part of my pay. It's not based on any metric or performance. If it is a bonus, it's a retention bonus, because you get it for having survived the previous list. After taxes, the "bonus" isn't all that much money, in fact, it barely covers the gap between what Perkins pays and what the larger Seattle market pays for the same position.
Now, this compares to the yearly partner share. Each firm partner gets a large chunk of the firm's profits at the end of the year. I have no idea what they will get this year, but, five or six years ago a local news paper reported that each partner in this firm received $400,000 dollars. At the time there were over 200 partners. Today there are over 300 partners.
There was no mention of curbing the partner share.
I am so FUCKING tired of getting screwed. I am tired of giving my money to the rich. I am tired of getting poorer as a few select, elitist individuals get richer. I am tired of breaking my ass to make other people's lives cush.
We have our presidential candidates talking about "growing the pie" and the size of the pie - well, where the fuck is my piece of the pie? I'll tell you, it's in someone else's pocket. Every time I hear politicians talk about pie, all I hear is "let them eat cake".
That, and the sound of Dr. Guillotine's masterwork!
posted by Jericho Brown at 10/23/2008 11:02:00 AM
4 Comments:
Henry Ford realized that there was no point in building cars if he didn't pay his workers enough to buy one. Wealth trickles up. The more money people at the bottom have, the more they spend it at various for profit enterprises buying food, clothing, medicine and maybe (gasp of shock and horror) a luxury or two.
Do you think it would have been smarter to give $2500 to every adult in the US instead of a $700 billion dollar bail out?
Yes. For a lot of people that could have been the lifeline they needed to bridge their financial gap, stay in their homes and put a huge flood of cash into the economy.
And he's speaking from experience. We live paycheck to paycheck. With $2500, we could pay off some debt and create some additional cash flow for us. Instead, we're helping those that can (and should) help themselves.
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