I wrote a perfectly comprehensive and articulate reply to this which got deleted when my web browser crashed - a problem I would never see if I was at home using Firefox and not forced to use IE on the computer I am on. How pissed do you think I am?
With all due respect Matt, you still have no clue what the hell you are talking about.
I got the information from a very credible source, but he may have been wrong. I'm not sure if the $8,000 per month figure counted expenses or not. As Dave said, Special Ed's work was not worth $2,000 and I would make an educated guess and say that Bill's work is not worth 96K.
Bill doesn't make 96K, he might make more or even less, but not that figure or even remotely around that figure..
I would not know for certain without reviewing year-by-year revenue figures from MD, but I would assume that the market value of Bill's work falls below 96K if anything. This is no disrespect to Bill's work ethic, I'm simply talking about the economics of the situation. If people got paid in accordance with how hard they worked, the entire economy would collapse and send the world into a state of severe recession which could never recover unless people started getting paid in accordance with their market value once again. If all Wal-Mart clerks got paid in accordance with how hard they worked, Wal-Mart would be out of business by the end of the fiscal year.
Dave is a nice guy, but I can personally assure you that if he was running MD and paying everyone based on their work ethic that there would be no MD, period. This is why people who are in charge of the finances of businesses are educated on the subject so that does not happen. Print this thread out and show it to any economics professor in the world, and 99% would agree with me. The ones who don't have no right to be considered world experts in economics.
Businesses need to pay employees their market value as determined by the supply and demand of labour on the labour market which in simpler terms equates to the net benefit gained from the labour over and above the cost of labour. This allows money to be used where it is most valuable and optimizes the efficiency of a business. It is this series of incentives which allow businesses to grow.