Ten Companies Paying Americans the Least

[Tom]

Let's cut the CEO salary to $700K and distribute the $20 million we cut to all 1.4 million employees. Guess what? Each gets $14!

P.S. Dear god, please tell me you don't seriously live in Indianapolis now.

What generates more economic activity ?

a. ceo ads a car elevator to his mansion.

b. employees buy 1.4 million more pizzas.

 

[s0me0nesmind1]

What generates more economic activity ?

a. ceo ads a car elevator to his mansion.

b. employees buy 1.4 million more pizzas.

a generates MUCH more economic activity.


a: Requires much engineering work to implement in whatever current garage/implementation necessary. In addition, you need the actual workers to do the labor. Then you need the parts. The parts are produced through another system of engineers/labors/management. Most engineering/building will require schooling, advanced schooling, and advanced training.

b. Requires someone to have a pizza franchise that employs ~5 employees at a given time plus maybe 1 management. No employee requires any advanced training/schooling.

 

[Tom]

a generates MUCH more economic activity.


a: Requires much engineering work to implement in whatever current garage/implementation necessary. In addition, you need the actual workers to do the labor. Then you need the parts. The parts are produced through another system of engineers/labors/management. Most engineering/building will require schooling, advanced schooling, and advanced training.

b. Requires someone to have a pizza franchise that employs ~5 employees at a given time plus maybe 1 management. No employee requires any advanced training/schooling.

So the elevator requires engineers but pizza doesn't ?

How do you cook pizza ? How do you get it out of the oven ? How do you keep the ingredients from spoiling ? Where do the boxes come from ? What about keeping track of the sales ?

Where does pepperoni come from ? Cheese ? Flour ?

How does the stuff get to the store ?

How long are your 5 employees gonna take to make 1,400,000 pizzas ?

 

[s0me0nesmind1]

So the elevator requires engineers but pizza doesn't ?

How do you cook pizza ? How do you get it out of the oven ? How do you keep the ingredients from spoiling ? Where do the boxes come from ? What about keeping track of the sales ?

Where does pepperoni come from ? Cheese ? Flour ?

How does the stuff get to the store ?

How long are your 5 employees gonna take to make 1,400,000 pizzas ?

You need engineering to cook a pizza?
Or you need engineering to buy a device that is ~30 years old?

You might have an argument if a pizza oven was something new, however - there is absolutely 0 engineering involved in making, buying, and placing a standard oven on the counter of a pizza chain.

 

[IndyColtsFan]

What generates more economic activity ?

a. ceo ads a car elevator to his mansion.

b. employees buy 1.4 million more pizzas.

But then the EEEEEEVVVVVVVVVVVIIIIIIIIIIILLLLLLLLLLLLL pizza CEOs would get more money!!!!11!!1!!!!oneoneone

 

[berzerker60]

Let's cut the CEO salary to $700K and distribute the $20 million we cut to all 1.4 million employees. Guess what? Each gets $14!

P.S. Dear god, please tell me you don't seriously live in Indianapolis now.

$20 million buys a lot of child care, health care subsidized planning, or other goods that can be negotiated down in price when contracted in bulk. The benefits of those can do a long way in making people's lives better.

a generates MUCH more economic activity.


a: Requires much engineering work to implement in whatever current garage/implementation necessary. In addition, you need the actual workers to do the labor. Then you need the parts. The parts are produced through another system of engineers/labors/management. Most engineering/building will require schooling, advanced schooling, and advanced training.

b. Requires someone to have a pizza franchise that employs ~5 employees at a given time plus maybe 1 management. No employee requires any advanced training/schooling.

That's ridiculous, he's not talking about buying those pizzas directly, but the employees buying the pizzas across the country. That money goes to the pizza chain, the deliverymen, the local pizza franchise employees, the managers up to the top; and then all of those people spend part of that money, and onward.

The bigger deal is that the more realistic scenario for the CEO is that he spends a few million but sticks most of the $20 million in a hedge fund where it goes to play abstract high finance games that maybe add some liquidity to that international market, but doesn't do much good otherwise. The money doesn't get spent anywhere, doesn't create any jobs other than maybe a few on Wall Street, and creates a generation of entitled trust fund do-nothings of his kids, rather than have them forge their own ways through hard work and entrepreneurship.

 

[s0me0nesmind1]

$20 million buys a lot of child care, health care subsidized planning, or other goods that can be negotiated down in price when contracted in bulk. The benefits of those can do a long way in making people's lives better.



That's ridiculous, he's not talking about buying those pizzas directly, but the employees buying the pizzas across the country. That money goes to the pizza chain, the deliverymen, the local pizza franchise employees, the managers up to the top; and then all of those people spend part of that money, and onward.

The bigger deal is that the more realistic scenario for the CEO is that he spends a few million but sticks most of the $20 million in a hedge fund where it goes to play abstract high finance games that maybe add some liquidity to that international market, but doesn't do much good otherwise. The money doesn't get spent anywhere, doesn't create any jobs other than maybe a few on Wall Street, and creates a generation of entitled trust fund do-nothings of his kids, rather than have them forge their own ways through hard work and entrepreneurship.

And I just explained to you how the aspects of the garage elevator involves much more as far as generating economic activity. I'm sorry your expectations were ruined, would you like a McOwned?

 

[Tom]

You need engineering to cook a pizza?
Or you need engineering to buy a device that is ~30 years old?

You might have an argument if a pizza oven was something new, however - there is absolutely 0 engineering involved in making, buying, and placing a standard oven on the counter of a pizza chain.

You obviously have never set foot in a pizza place.

EVERYTHING requires engineering. Ovens, refrigerators, spatulas, cash registers. boxes.

Do you know anything about car elevators ? They're a lot simpler to design than a refrigerator.

Do you know how much fuel is required to deliver 1.4 million pizzas ? And to get the makings delivered to the pizza shop ?

Do you know where pepperoni, flour, cheese, come from ? Do you know how much needs to be produced for 1.4 million pizzas ?

 

[WackyDan]

Hmmm, and how much experience, education, or training do you need to work at the companies above? Yep, zilch. If you start at the bottom of the ladder, you can't expect to get paid like someone with a PHD......

Bingo..

Add to that some of these business models are heavily franchised and it actually is a small business owner paying the wages and not the corporation.

 

[Spungo]

What is sadder than the article is the Rich Republican P&N posters that support these Executives and Corporations.

There's nothing wrong with people having minimum wage jobs because it's supposed to be an entry into the labor force. The real problem is that minimum wage jobs are becoming the majority. Even if these jobs paid $20 per hour, it's not sustainable. The country needs to actually make things.

What generates more economic activity ?

a. ceo ads a car elevator to his mansion.

b. employees buy 1.4 million more pizzas.

Car elevators require manufacturing and skilled labor to install. It would be great if America could lead the way in car elevator technology. (yes it's a real thing, there are parkades in Japan that work like vending machines).
Making pizzas requires more low paying shit jobs that don't go anywhere.

 

[Matt1970]

What generates more economic activity ?

a. ceo ads a car elevator to his mansion.

b. employees buy 1.4 million more pizzas.

Adding a car elevator is creating wealth in the market. Once you make a pizza and someone eats it, the wealth is gone. That's just a transfer of wealth.

 

[piasabird]

Obama care forces all these employers to limit their part-time staff to 29 hours. That makes them all poorer. Obama Care is doing more damage to the poor than all of these employers combined.

 

[BoberFett]

What generates more economic activity ?

a. ceo ads a car elevator to his mansion.

b. employees buy 1.4 million more pizzas.

You think a car elevator costs $20M?

 

[piasabird]

Most franchises have to be purchased and are not really the property of say McDonalds. So it is a bit misleading to say they are McDonalds Employees. Their business agreements are very complicated for Restaurants.

 

[hal2kilo]

I'm shocked! Who could imagine that retail and fast food companies would pay the least. Must be a mistake.

 

[Spungo]

You think a car elevator costs $20M?

Probably depends on the size. Something like this would be costly:
http://www.youtube.com/watch?v=FvkqMkKKQ4k

Our government is beyond broken. According to Bush and Obama, the best kind of economic stimulus is to prop up failed banks and hand out EBT cards. Making cool things like car vending machines would obviously be a waste of tax money.

 

[Tom]

Adding a car elevator is creating wealth in the market. Once you make a pizza and someone eats it, the wealth is gone. That's just a transfer of wealth.

Only if every person involved in the production of the pizzas is homeless.

Every person involved, from the farmers, the truckers, the engineers of the equipment, the manufacturers of the equipment, the refinery workers who produce the fuel, the actual pizza makers, the owners and management, the ist goes on almost forever..

all of them use part of the money from the pizzas to buy homes or to pay landlords, either way it increases the demand for shelter which increases the value of property.

So does the elevator, maybe. Someday.

And I asked about the creation of economic activity, not production of wealth.

Not the same thing, although the pizza might win on both counts.

 

[Spungo]

Not the same thing, although the pizza might win on both counts.

So you're saying you want to see growth in the lowest paying sector of the economy instead of seeing growth in the highest paying sector of the economy. :hmm:

War against the middle class has never been so candid.

 

[nehalem256]

What generates more economic activity ?

a. ceo ads a car elevator to his mansion.

b. employees buy 1.4 million more pizzas.

If a CEO buys a $14 million car elevator, and a bunch of employees buy 1.4 million $10 pizzas they have both generated the same amount of economic activity. Namely $14 million. Was this suppose to be a trick question?

 

[Spungo]

If a CEO buys a $14 million car elevator, and a bunch of employees buy 1.4 million $10 pizzas they have both generated the same amount of economic activity. Namely $14 million. Was this suppose to be a trick question?

Yeah but using that money to buy pizzas would allow the pizza people to buy more pizzas. We could have a pizza-centric economy.

 

[Tom]

So you're saying you want to see growth in the lowest paying sector of the economy instead of seeing growth in the highest paying sector of the economy. :hmm:

War against the middle class has never been so candid.

Why don't you let me say what I'm saying ?

First of all, I said NOTHING about what I WANT.

I said which will create more economic activity ? I said nothing about "sectors".

In the real world the economy isn't made up of "sectors".

But to your point..if you want to own your own NFL team, you'll get there faster selling pizza rather than car elevators, I bet.

 

[rudeguy]

Why don't you let me say what I'm saying ?

First of all, I said NOTHING about what I WANT.

I said which will create more economic activity ? I said nothing about "sectors".

In the real world the economy isn't made up of "sectors".

But to your point..if you want to own your own NFL team, you'll get there faster selling pizza rather than car elevators, I bet.

since Dave won't answer me, why don't you?

How much should they make?
How much should I make?
How much should you make?
Who gets to decide how much we all make?

 

[Tom]

since Dave won't answer me, why don't you?

How much should they make?
How much should I make?
How much should you make?
Who gets to decide how much we all make?

As much as we can eat unless you like it cold for breakfast in which case get some extra.

 

[nehalem256]

Why don't you let me say what I'm saying ?

First of all, I said NOTHING about what I WANT.

I said which will create more economic activity ? I said nothing about "sectors".

In the real world the economy isn't made up of "sectors".

But to your point..if you want to own your own NFL team, you'll get there faster selling pizza rather than car elevators, I bet.

Spending $X on car elevators produces the same amount of economic activity of spending $X on pizzas.

Are you really trying to claim $X != $X?

Yeah but using that money to buy pizzas would allow the pizza people to buy more pizzas. We could have a pizza-centric economy.

Seems like we would end up with a bunch of fat people/

 

[Zaap]

What generates more economic activity ?

a. ceo ads a car elevator to his mansion.

b. employees buy 1.4 million more pizzas.

Arguably B: 1.4 million more eventual heart bypass surgeries needed.

Of course you're not factoring in if those 1.4 million people even have jobs after you've eliminated the pool of talent to actually run the company properly. Companies aren't like government- you actually need competent people in charge that know how to actually MAKE money (not just steal/spend endless gobs of other people's money) and who can actually create business plans and execute them properly. (Not just stand up, make a speech full of lies, and then dodge their way out of the fallout once everyone finds out it was all just lies.)

To get that sort of leadership for a large company, requires adequate compensation.

I just don't get why libs are so damn jealous and idiotic over this fact. It's a fact- the CEO of any company will always make a hellacious lot more than most of the employees. F'in deal with it. It's NOT your money (unlike the public money the politicians you love spend into oblivion) nor is it your decision what other people are willing to pay a CEO or other exec.