Originally posted by sigma:
Workers don't get paid according to "what it's worth", if they did they wouldn't be making $32/hr to tighten a bolt.


Totally agree, but by "what their job is currently worth" I meant what the employer and union have agreed it's worth.

Quote:

I know it's not legally intended to be earmarked. But I'm paid a salary with the assumption that a percentage of that is to be saved. The company figures it in to your offer package because they'll likely be matching a percentage of your 401(k) contributions.


Employers have an idea of how much their employees at different wage levels will contribute to their 401k, but the employer contribution rate is separately negotiated. I guess I'll concede that an employer can use this likely contribution rate as secondary support when negotiating wages with the unions.

E0 #36 '95 Ranger '82 Honda CX500