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Reply #15: It has always been this way (at least since unions went out of "fashion") [View All]

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SoCalDem

(1000+ posts) Send PM | Profile | Ignore

Wed Jul-27-11 03:37 PM
Response to Reply #11

15. It has always been this way (at least since unions went out of "fashion")

Employers offered new-hires more than the raises that longtime, loyal employees got.

In 1970, the bank I worked for routinely ran ads offering starting salaries lager than what most of us made (after a few raises)..

Once IN the job, raises were miniscule, so people often quit and went to rival banks. by ping-ponging from job to job every few years, they ratcheted up their wages.

Loyalty & longevity are often not rewarded, except in times of layoffs. Many companies found that when they had to tighten belts, the loyal ones were likely to work harder than the "new guys"..

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