CEO pay and worker pay aren’t intrinsically linked. Paying a CEO less doesn’t mean workers will magically get paid more.
Workers are paid based on the market value of their labor cost.
CEO pay should be capped, but because the market is unhinged from reality and needs a check for overall business health, not because of anything to do with worker salaries.
If CEOs made $0 there is no reason to assume employee wages would increase.
Because one isnt a hundredmillionaire easily able to distance himself from accountability through the sheer power of wealth.
Wealth hoarding is bad.
Excessive manipulated pay scales are bad.
Everything about the current system is bad.
We fixed this shit once already with the New Deal. Time to do the same again.
So are you telling me then that the more a CEO is paid- even into hundreds or even thousands of percentages higher- the more mutual respect there is between workers and executives?
Probably the best way to do this is to have a union with a strong enough position within the company, forcing the owners to distribute the companies profits more equitably.
They literally are not. That’s because labor markets are determined by the owners and not the workers. Whenever the workers say ‘no!’ you call in the federal dogs and scream NOBODY WANTS TO WORK ANY MOOOOORERRE!!!
Ayn Rand was dead wrong. Free Marketers are dead wrong. None of what you said would work has worked. It has been an abysmal failure, and the sheer number of threads in which some asshole has to defend the so-called “free market” is proof of that. If any of it worked then we wouldnt be having this discussion. If any of it worked no one would be talking about housing shortages or labor shortages or shoplifting or lack of health care or the absurd price of work trucks etc etc etc. We were given every single problem that free marketers claimed socialism would cause.
And yet, here we are, with employees getting paid far beliw their market value but being forced to accept it because deregulation has removed competititon from the equation.
There is no “labor market”. There is only billionaires saying “you will take what I give you or starve”.
The absurd rise in CEO pay is a RECENT phenomenon and is not in any way related to company performance or market share. It is pillaging, plain and simple.
I’m honestly not trying to be antagonistic, I think I agree with you for the most part here.
But how can you have an interpretation of math? Isn’t math objective? Isn’t math the key to all rationalization?I don’t understand how there could be “neofeudalist” or capitalist or communist interpretations of math.
The patently absurd chasm between employee and CEO pay is something that has happened only since I was in high school. I have seen zero justification for it during all this time.
There is no situation anywhere in which the CEO is worth more than 40 times the labor’s pay. None. Anywhere. Ever.
This is neofuedalism, and any attempt to try to rationalize it with neofuedalist interpretations of laws and math are unacceptable.
Seems like a pretty arbitrary number you picked there.
It is. I think it should be no more than 20 times but I know somebody is gonna run in here and cry about it like a little girl so I doubled it.
Wanna make a million dollars? Pay your employees 1/20 of that.
CEO pay and worker pay aren’t intrinsically linked. Paying a CEO less doesn’t mean workers will magically get paid more.
Workers are paid based on the market value of their labor cost.
CEO pay should be capped, but because the market is unhinged from reality and needs a check for overall business health, not because of anything to do with worker salaries.
If CEOs made $0 there is no reason to assume employee wages would increase.
No, but it definitely changes the disconnect between workers and management.
Why do you think so?
Because one isnt a hundredmillionaire easily able to distance himself from accountability through the sheer power of wealth.
Wealth hoarding is bad. Excessive manipulated pay scales are bad. Everything about the current system is bad. We fixed this shit once already with the New Deal. Time to do the same again.
I’m not understanding how this ties into any sort of disconnect in regards to jobs.
You’re just ranting at me and not making any cogent points
So are you telling me then that the more a CEO is paid- even into hundreds or even thousands of percentages higher- the more mutual respect there is between workers and executives?
Probably the best way to do this is to have a union with a strong enough position within the company, forcing the owners to distribute the companies profits more equitably.
Also, I am pretty real sure workers are NOT paid on the market value of their labor cost.
They literally are. That’s how labor markets work.
They literally are not. That’s because labor markets are determined by the owners and not the workers. Whenever the workers say ‘no!’ you call in the federal dogs and scream NOBODY WANTS TO WORK ANY MOOOOORERRE!!!
Ayn Rand was dead wrong. Free Marketers are dead wrong. None of what you said would work has worked. It has been an abysmal failure, and the sheer number of threads in which some asshole has to defend the so-called “free market” is proof of that. If any of it worked then we wouldnt be having this discussion. If any of it worked no one would be talking about housing shortages or labor shortages or shoplifting or lack of health care or the absurd price of work trucks etc etc etc. We were given every single problem that free marketers claimed socialism would cause.
Take a breath big guy. You’re rambling.
This is you not liking the outcome of the existing labor market, not a denial of its reality.
And yet, here we are, with employees getting paid far beliw their market value but being forced to accept it because deregulation has removed competititon from the equation.
There is no “labor market”. There is only billionaires saying “you will take what I give you or starve”.
Whats the actual worth of a competent CEO? Do you think you can calculate his value after reading two articles and some arbitrary numbers?
I know I am stupid but not that stupid to think I can judge a persons salary within minutes.
The absurd rise in CEO pay is a RECENT phenomenon and is not in any way related to company performance or market share. It is pillaging, plain and simple.
I’m honestly not trying to be antagonistic, I think I agree with you for the most part here.
But how can you have an interpretation of math? Isn’t math objective? Isn’t math the key to all rationalization?I don’t understand how there could be “neofeudalist” or capitalist or communist interpretations of math.
What math are you referring to?
The patently absurd chasm between employee and CEO pay is something that has happened only since I was in high school. I have seen zero justification for it during all this time.
Looks like I replied to the wrong comment here. Apologies.
No worries