Sure, but this puts the wage cap at like $63/hour. That's ridiculously good for a blue collar job. I've been in the same field for around 16 years and I'd be ecstatic if I were making half that amount, and my job requires a lot of certifications and ongoing training hours to stay certified.
That's over $130,000/year. Plus, they hit their cap after just 6 years. I couldn't imagine making that much after just 6 years somewhere. They did a great job. Laborers everywhere should be making money like this, instead of the people sitting in chairs with lumbar support complaining that the ac is two degrees warmer than what they'd like while standing next to the corporate keureg coffee machine.
But knowing how shitty companies are they'll likely make some excuse to fire people before they get close to their 6 year maximum. It's similar to how fast food places avoid hiring someone full time by scheduling them for 35 hours a week instead of 40.
Fun fact, 62% over six years is the exact same amount of money as 62% right now and no increase for the six following years. You can get more free lessons about contracts and raises by joining us at lemonparty.org!