1. Apple employees aren't minimum wage workers, so no donations needed. Now the Walton family, OTOH, are just plain robber barons.
Ms Ahrendts is responsible for: Apple store Mac Specialist - $13.34/hr Apple Retail Specialist - $14.94/hr Family Room Specialist - $15.58/hr
So not that far from minimum wage.
Considering the federal minimum wage is $7.25, which is minimum of an 84% increase over your stated hourly pay, I'd say that's well above minimum wage.
Many, many states mandate minimum wages higher than that. In fact the majority of states do.
The wages for Apple Stores are pretty high considering its still retail. Nobody gets into retail for the money. If Apple Store employees had issues with the pay Apple would constantly be having issues with filling positions. Also, your numbers aren't exactly true. There is no set wage for a specific position. Its all based on where you live and whats comparable to the surrounding area.
Where did you get these numbers from?
You aren't going to work at Hollister or Macy's and get $14.94/hr now are you? You typically get whatever minimum wage is and oh, at places like Hollister, you're required to wear their clothes and YOU have to buy them.
Also, Apple provides its employees with a hell of a lot more than just an hourly wage.
1. Apple employees aren't minimum wage workers, so no donations needed. Now the Walton family, OTOH, are just plain robber barons.
Ms Ahrendts is responsible for: Apple store Mac Specialist - $13.34/hr Apple Retail Specialist - $14.94/hr Family Room Specialist - $15.58/hr
So not that far from minimum wage.
Considering the federal minimum wage is $7.25, which is minimum of an 84% increase over your stated hourly pay, I'd say that's well above minimum wage.
Many, many states mandate minimum wages higher than that. In fact the majority of states do.
The wages for Apple Stores are pretty high considering its still retail. Nobody gets into retail for the money. If Apple Store employees had issues with the pay Apple would constantly be having issues with filling positions. Also, your numbers aren't exactly true. There is no set wage for a specific position. Its all based on where you live and whats comparable to the surrounding area.
Where did you get these numbers from?
You aren't going to work at Hollister or Macy's and get $14.94/hr now are you? You typically get whatever minimum wage is and oh, at places like Hollister, you're required to wear their clothes and YOU have to buy them.
Also, Apple provides its employees with a hell of a lot more than just an hourly wage.
You apparently aren't really reading what I said, because if you were you'd see where the numbers came from and my comments on "depends on where you live".
Me and my wife make around 800k a year. I do not consider myself to be rich but I am doing well... I am German living in Germany and we usually hide our wealth because of people who think they know how much money me and my family are supposed to "need". We work hard for our money, so I do not care what others think but since envy is a big part of German society, we need to be careful with our lifestyle here. I am surprised to learn that the US has envy issues as well.
Does your German society have the same level of greed issues as in the US? German society have the same level of greed issues as in the US?
WTF is a "greed issue"?!
Apparently similar to an "envy issue". You're not familiar with the economic downsides of greed? You of all people here should IMHO.
What is an "envy" issue? Are we getting biblical here...
Me and my wife make around 800k a year. I do not consider myself to be rich but I am doing well... I am German living in Germany and we usually hide our wealth because of people who think they know how much money me and my family are supposed to "need". We work hard for our money, so I do not care what others think but since envy is a big part of German society, we need to be careful with our lifestyle here. I am surprised to learn that the US has envy issues as well.
Does your German society have the same level of greed issues as in the US? German society have the same level of greed issues as in the US?
WTF is a "greed issue"?!
Apparently similar to an "envy issue". You're not familiar with the economic downsides of greed? You of all people here should IMHO.
What is an "envy" issue? Are we getting biblical here...
Oh, well you'd have to ask the OP that. He was the one mentioning it as an issue for him in Germany. I was guessing it was in a similar vein to greed but as he didn't reply yet I can't be sure of his intent.
BTW you would be eminently qualified to comment on greed and its affect on a mature economy, particularly as regards the US. Any chance that you might spend a few minutes on it? It would certainly be an educational opportunity.
Me and my wife make around 800k a year. I do not consider myself to be rich but I am doing well... I am German living in Germany and we usually hide our wealth because of people who think they know how much money me and my family are supposed to "need". We work hard for our money, so I do not care what others think but since envy is a big part of German society, we need to be careful with our lifestyle here. I am surprised to learn that the US has envy issues as well.
Does your German society have the same level of greed issues as in the US? German society have the same level of greed issues as in the US?
WTF is a "greed issue"?!
Apparently similar to an "envy issue". You're not familiar with the economic downsides of greed? You of all people here should IMHO.
What is an "envy" issue? Are we getting biblical here...
Oh, well you'd have to ask the OP that. He was the one mentioning it as an issue for him in Germany. I was guessing it was in a similar vein to greed but as he didn't reply yet I can't be sure of his intent.
BTW you would be eminently qualified to comment on greed and its affect on a mature economy, particularly as regards the US. Any chance that you might spend a few minutes on it? It would certainly be an educational opportunity.
What's your definition of greed, particularly in regards to the US?
Me and my wife make around 800k a year. I do not consider myself to be rich but I am doing well... I am German living in Germany and we usually hide our wealth because of people who think they know how much money me and my family are supposed to "need". We work hard for our money, so I do not care what others think but since envy is a big part of German society, we need to be careful with our lifestyle here. I am surprised to learn that the US has envy issues as well.
Does your German society have the same level of greed issues as in the US? German society have the same level of greed issues as in the US?
WTF is a "greed issue"?!
Apparently similar to an "envy issue". You're not familiar with the economic downsides of greed? You of all people here should IMHO.
What is an "envy" issue? Are we getting biblical here...
Oh, well you'd have to ask the OP that. He was the one mentioning it as an issue for him in Germany. I was guessing it was in a similar vein to greed but as he didn't reply yet I can't be sure of his intent.
BTW you would be eminently qualified to comment on greed and its affect on a mature economy, particularly as regards the US. Any chance that you might spend a few minutes on it? It would certainly be an educational opportunity.
What's your definition of greed, particularly in regards to the US?
Probably avarice would be more appropriate than simple greed. Are you familiar with the word and what it means?
If they can get people to work for the minimum wage then why have positions that start nearly at 2x the minimum wage? Why do you think that in some state where the minimum is $7.25/hour Apple would think it's too low, but in, say, Cupertino, they tell employees of different ranks that they only get minimum wage for the state?
My guess based on Glassdoor reported salaries is that Apple is paying only slightly higher than mandated minimum wages for some retail positions in the lowest wage states. As little as $9/hr for Mac Specialists $10/hr for Apple Retail Specialists
...and I'm not saying Apple should pay them more. I was simply advising the OP who sounded as tho he was under the impression they were paid better than that.
EDIT: I would note that giving $11M to an already very wealthy woman who could not possibly spend the money she already has accomplishes less for our economy than distributing that same $11 million to the lowest paid Apple employees who almost certainly will spend it primarily locally. I realize that to some $11M isn't much, but to a low-paid hourly worker an extra $100 bonus can mean a lot.
1) $9 and $10 per hour are much lower than the pay rates you previously mentioned, but even that's still well above minimum wage. Comparing it to what a wealthy executive makes isn't a fair comparison, because even $50 and hour wouldn't move the needle compared to someone cashing in millions of dollars of stock in a single day.
2) I have no idea how much money she needs, but that was a decision Apple made to hire her, and should not be based on what others make, but her perceived value to the company. Does an Apple Retail Specialist bring in more revenue and profit for Apple than what Ahrendts and Sewell offer the company? Does a Mac Specialist have more experience than Ahrendts and Sewell for their respective leadership positions?
You are absolutely correct. Apple executive management made the decision to hire here and how much she should be paid. It's certainly in line with what other executives are earning. It's a US thing more so than the rest of the world.
There is a growing wage gap, so I'd fine with seeing Apple create a policy that will not allow the disparity to keep growing out of control, but isn't even Tim Cook's salary pretty and bonus pretty small compared to other CEOs?
Why only include salary and bonus? Steve Jobs famously made $1/year in salary over the early iPhone years. But that's not all the compensation he received from Apple. Larry Ellison took only $1 in salary while taking $10's of millions in stock profits at the same time. Warren Buffett too earns less salary than his secretary accoding to what I've read. But still somehow became one of the richest men on the planet.
Smart CEO's don't take big salaries. They take big stock options.
No, Buffet said he pays less taxes than his secretary, not that he "earns" less. Buffet can be a little too clever with his word choices sometimes.
If they can get people to work for the minimum wage then why have positions that start nearly at 2x the minimum wage? Why do you think that in some state where the minimum is $7.25/hour Apple would think it's too low, but in, say, Cupertino, they tell employees of different ranks that they only get minimum wage for the state?
My guess based on Glassdoor reported salaries is that Apple is paying only slightly higher than mandated minimum wages for some retail positions in the lowest wage states. As little as $9/hr for Mac Specialists $10/hr for Apple Retail Specialists
...and I'm not saying Apple should pay them more. I was simply advising the OP who sounded as tho he was under the impression they were paid better than that.
EDIT: I would note that giving $11M to an already very wealthy woman who could not possibly spend the money she already has accomplishes less for our economy than distributing that same $11 million to the lowest paid Apple employees who almost certainly will spend it primarily locally. I realize that to some $11M isn't much, but to a low-paid hourly worker an extra $100 bonus can mean a lot.
1) $9 and $10 per hour are much lower than the pay rates you previously mentioned, but even that's still well above minimum wage. Comparing it to what a wealthy executive makes isn't a fair comparison, because even $50 and hour wouldn't move the needle compared to someone cashing in millions of dollars of stock in a single day.
2) I have no idea how much money she needs, but that was a decision Apple made to hire her, and should not be based on what others make, but her perceived value to the company. Does an Apple Retail Specialist bring in more revenue and profit for Apple than what Ahrendts and Sewell offer the company? Does a Mac Specialist have more experience than Ahrendts and Sewell for their respective leadership positions?
You are absolutely correct. Apple executive management made the decision to hire here and how much she should be paid. It's certainly in line with what other executives are earning. It's a US thing more so than the rest of the world.
There is a growing wage gap, so I'd fine with seeing Apple create a policy that will not allow the disparity to keep growing out of control, but isn't even Tim Cook's salary pretty and bonus pretty small compared to other CEOs?
Why only include salary and bonus? Steve Jobs famously made $1/year in salary over the early iPhone years. But that's not all the compensation he received from Apple. Larry Ellison took only $1 in salary while taking $10's of millions in stock profits at the same time. Warren Buffett too earns less salary than his secretary accoding to what I've read. But still somehow became one of the richest men on the planet.
Smart CEO's don't take big salaries. They take big stock options.
No, Buffet said he pays less taxes than his secretary, not that he "earns" less. Buffet can be a little too clever with his word choices sometimes.
Thanks for clarifying that sir.
Salary-wise he still makes less than his secretary tho as he clams just $1 doesn't he?
If they can get people to work for the minimum wage then why have positions that start nearly at 2x the minimum wage? Why do you think that in some state where the minimum is $7.25/hour Apple would think it's too low, but in, say, Cupertino, they tell employees of different ranks that they only get minimum wage for the state?
My guess based on Glassdoor reported salaries is that Apple is paying only slightly higher than mandated minimum wages for some retail positions in the lowest wage states. As little as $9/hr for Mac Specialists $10/hr for Apple Retail Specialists
...and I'm not saying Apple should pay them more. I was simply advising the OP who sounded as tho he was under the impression they were paid better than that.
EDIT: I would note that giving $11M to an already very wealthy woman who could not possibly spend the money she already has accomplishes less for our economy than distributing that same $11 million to the lowest paid Apple employees who almost certainly will spend it primarily locally. I realize that to some $11M isn't much, but to a low-paid hourly worker an extra $100 bonus can mean a lot.
1) $9 and $10 per hour are much lower than the pay rates you previously mentioned, but even that's still well above minimum wage. Comparing it to what a wealthy executive makes isn't a fair comparison, because even $50 and hour wouldn't move the needle compared to someone cashing in millions of dollars of stock in a single day.
2) I have no idea how much money she needs, but that was a decision Apple made to hire her, and should not be based on what others make, but her perceived value to the company. Does an Apple Retail Specialist bring in more revenue and profit for Apple than what Ahrendts and Sewell offer the company? Does a Mac Specialist have more experience than Ahrendts and Sewell for their respective leadership positions?
You are absolutely correct. Apple executive management made the decision to hire here and how much she should be paid. It's certainly in line with what other executives are earning. It's a US thing more so than the rest of the world.
There is a growing wage gap, so I'd fine with seeing Apple create a policy that will not allow the disparity to keep growing out of control, but isn't even Tim Cook's salary pretty and bonus pretty small compared to other CEOs?
Why only include salary and bonus? Steve Jobs famously made $1/year in salary over the early iPhone years. But that's not all the compensation he received from Apple. Larry Ellison took only $1 in salary while taking $10's of millions in stock profits at the same time. Warren Buffett too earns less salary than his secretary accoding to what I've read. But still somehow became one of the richest men on the planet.
Smart CEO's don't take big salaries. They take big stock options.
No, Buffet said he pays less taxes than his secretary, not that he "earns" less. Buffet can be a little too clever with his word choices sometimes.
Thanks for clarifying that sir.
Salary-wise he still makes less than his secretary tho as he clams just $1 doesn't he?
If they can get people to work for the minimum wage then why have positions that start nearly at 2x the minimum wage? Why do you think that in some state where the minimum is $7.25/hour Apple would think it's too low, but in, say, Cupertino, they tell employees of different ranks that they only get minimum wage for the state?
My guess based on Glassdoor reported salaries is that Apple is paying only slightly higher than mandated minimum wages for some retail positions in the lowest wage states. As little as $9/hr for Mac Specialists $10/hr for Apple Retail Specialists
...and I'm not saying Apple should pay them more. I was simply advising the OP who sounded as tho he was under the impression they were paid better than that.
EDIT: I would note that giving $11M to an already very wealthy woman who could not possibly spend the money she already has accomplishes less for our economy than distributing that same $11 million to the lowest paid Apple employees who almost certainly will spend it primarily locally. I realize that to some $11M isn't much, but to a low-paid hourly worker an extra $100 bonus can mean a lot.
1) $9 and $10 per hour are much lower than the pay rates you previously mentioned, but even that's still well above minimum wage. Comparing it to what a wealthy executive makes isn't a fair comparison, because even $50 and hour wouldn't move the needle compared to someone cashing in millions of dollars of stock in a single day.
2) I have no idea how much money she needs, but that was a decision Apple made to hire her, and should not be based on what others make, but her perceived value to the company. Does an Apple Retail Specialist bring in more revenue and profit for Apple than what Ahrendts and Sewell offer the company? Does a Mac Specialist have more experience than Ahrendts and Sewell for their respective leadership positions?
You are absolutely correct. Apple executive management made the decision to hire here and how much she should be paid. It's certainly in line with what other executives are earning. It's a US thing more so than the rest of the world.
There is a growing wage gap, so I'd fine with seeing Apple create a policy that will not allow the disparity to keep growing out of control, but isn't even Tim Cook's salary pretty and bonus pretty small compared to other CEOs?
Why only include salary and bonus? Steve Jobs famously made $1/year in salary over the early iPhone years. But that's not all the compensation he received from Apple. Larry Ellison took only $1 in salary while taking $10's of millions in stock profits at the same time. Warren Buffett too earns less salary than his secretary accoding to what I've read. But still somehow became one of the richest men on the planet.
Smart CEO's don't take big salaries. They take big stock options.
No, Buffet said he pays less taxes than his secretary, not that he "earns" less. Buffet can be a little too clever with his word choices sometimes.
Thanks for clarifying that sir.
Salary-wise he still makes less than his secretary tho as he clams just $1 doesn't he?
$100,000
And thanks to you too sir. I love when I learn new stuff!
We both believe that just because a person has a higher salary, a bigger title, or a larger bank account does not mean they are more intelligent nor more driven to succeed than someone else.
Maybe not on an individual basis but overall it's true that in general wealthy folks are more driven to succeed.
"Indeed, 70% of wealthy families lose their wealth by the second generation, and a stunning 90% by the third, according to the Williams Group wealth consultancy."
We both believe that just because a person has a higher salary, a bigger title, or a larger bank account does not mean they are more intelligent nor more driven to succeed than someone else.
Maybe not on an individual basis but overall it's true that in general wealthy folks are more driven to succeed.
"Indeed, 70% of wealthy families lose their wealth by the second generation, and a stunning 90% by the third, according to the Williams Group wealth consultancy."
We both believe that just because a person has a higher salary, a bigger title, or a larger bank account does not mean they are more intelligent nor more driven to succeed than someone else.
Maybe not on an individual basis but overall it's true that in general wealthy folks are more driven to succeed.
"Indeed, 70% of wealthy families lose their wealth by the second generation, and a stunning 90% by the third, according to the Williams Group wealth consultancy."
It's sounds as tho they are LESS driven to succeed if born into wealth.
Those born into wealth may be less driven, but if 70% of wealthy families lose their wealth in the 2nd generation then the majority of currently wealthy people are 1st generation wealthy and individuals that generated wealth through ability and drive.
To provide a simple example if every cohort generated 10 wealthy families then after three generations the wealth mix look like:
Comments
Where did you get these numbers from?
You aren't going to work at Hollister or Macy's and get $14.94/hr now are you? You typically get whatever minimum wage is and oh, at places like Hollister, you're required to wear their clothes and YOU have to buy them.
Also, Apple provides its employees with a hell of a lot more than just an hourly wage.
BTW you would be eminently qualified to comment on greed and its affect on a mature economy, particularly as regards the US. Any chance that you might spend a few minutes on it? It would certainly be an educational opportunity.
What's your definition of greed, particularly in regards to the US?
Anyway there's several pertinent articles written about the issue in various financial publications. I've noted a couple in case you'd rather not do a search, and in fact the second one makes a more direct connection to "envy". :
https://www.ft.com/content/f16edc12-65d1-11e6-a08a-c7ac04ef00aa
http://www.economist.com/node/1119945
https://www.creditwritedowns.com/2009/10/greed-is-not-good.html
Salary-wise he still makes less than his secretary tho as he clams just $1 doesn't he?
"Indeed, 70% of wealthy families lose their wealth by the second generation, and a stunning 90% by the third, according to the Williams Group wealth consultancy."
http://time.com/money/3925308/rich-families-lose-wealth/
To provide a simple example if every cohort generated 10 wealthy families then after three generations the wealth mix look like:
G1, G2, G2, G2, G3, G3, G3, G3, G3, G3, G3, G3, G3, G3
10 out of 14 wealthy families are newly wealthy in this simplified model.
So the odds are that when meeting any random wealthy person that they are likely more driven/capable in some way than the average individual.