These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m
So what dollar amount is acceptable between the person whose responsibility is a broom and the person that has hundreds of people’s livelihoods at stake and dozens of stores to maintain?
Absolutely. You might compare their work, which janitors generally work themselves to the bone and have to deal with filth, while CEOs have to deal with stress. What about retirement? People who work manual labor generally destroy their bodies and have terrible quality of life after retirement or just in later years in general, CEOs get to walk away with their health. Work is work. If they put in equal effort they should make an equal wage.
Well I could do that job, too. But I won’t be allowed. Because I couldn’t go to the right school. Because I wasn’t born to rich parents. Because I’m working class, and they are owner class.
I mean that’s just a long list if excuses. It’s that mentality that keeps you back. Our outcomes in life are a direct reflection of our choices. It might take a lot of sacrifice but easy and successful are not synonymous.
I’m trying to point out that these fuckers are a different class above us. They’re filthy rich and they own us, that’s why they get paid hundreds of times more than us - they didn’t earn it. That’s just life.
When was the last time a CEO was held personally responsible for a workers safety or the death of an employee?
A CEO answers to the shareholders or a board of directors and do not concern themselves with their employees livelihoods or maintaining stores.
They may very well provide a valuable service to a company but not for the reasons you mention.
So they aren’t responsible for making sure stores stay profitable enough to stay open, providing a job for people? Because that’s exactly what I said.
If the CEO is making that much wait’ll you find out how much the shareholders are making off those employees!
It makes for a decent example I guess, but it’s really silly how fixated on CEOs Joe Public is. They’re hired by the board of directors, who are elected by the shareholders. It’s not like the CEO straight up owns the company (usually).
Disgusting.
A good reason to have laws regulating the maximum pay gap between executive and the lowest paid peon. And make sure to include all types of pay like stock options so companies can’t squirm out of it.
I’m ok with this, but it’s essentially just a step toward socialism which is the better option (but will never happen). Because all this will do is make CEOs less wealthy from the company itself. The investors still make tons more than the CEOs already and they don’t do anything. You need to force revenue sharing essentially which is just socialism with extra steps. Cause CEOs will just end up investing in other companies and still be wealthy and get less compensation from the company itself.
I don’t think the point is for them to be less wealthy, the point is you shouldn’t make more than 600 times what half your employees make.
I know. But investors don’t care. They’re the root of the problem. CEOs are simply an employee of the company that ultimately represents the shareholders interest. Affecting their pay does not affect shareholder value that much. It just commoditizes the CEO position.
Exactly. Increasing pay would be really, really nice. But we can do that and have more control over our workplaces. Worker owned companies would prevent huge disparities in pay from reoccurring, regardless of what the government does.
Like a wise and angry man once said: “Fuck the G rides, I want the machines that are making them.”
I mean, it’s a pretty big step. It would basically make it such that a company has to expand it’s footprint to grow revenue.
No, for investors to grow revenue it would. Which was the whole initial concept of owning the means of production. You invest in what you thought would make money. You didn’t invest because you wanted to take away employee’s earned value to yourself. But that’s what it came to. A majority of inflation is profit-driven related. Not government assistance related like many corporations and conservatives want you to think. Aside from that, any overt success is shared amongst everyone and no increase would be offset by normal COLA through the supply chain. People could survive and thrive without having to gut the value of employees or those in the supply chain. The only issue would be loss of business which is always a risk. But losses can be shared equally or if it’s a large enough loss over a long enough time, it would require some folks to be laid off and depending on why, the employees could put the person running the business.
That’s just bringing down the top without helping anyone. Need to lift from the bottom instead
Sounds great, and sure might as well pass it, but there’s a lot of ways to get around it
- Shell companies
- TC in stock/bonuses
- Outsourcing to contractors
- Utilizing foreign jurisdictions
The point is that if max pay gap laws are passed, CEOs will just hide their actual pay in external resources and normal employees will still make exactly the same.
Because this is America and if you make rules like that you’ll crush the American Dream tm and no one will want to work at all because you’ve taken away their ability to daydream about one day being the disgustingly rich person doing the trickling instead of the disgustingly poor person waiting to be trickled on.
#abolishWageSlavery