Wha, Wha Income Inequality?

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ch33zw1z

Lifer
Nov 4, 2004
37,734
18,004
146
I'll give them the benefit of the doubt and agree that the Wall St crowd works very hard. When a minimum wage fast food worker works, I see a hamburger produced. When a broker works, what is produced?

Hamburger makers, of course.
 

realibrad

Lifer
Oct 18, 2013
12,337
898
126
I'll give them the benefit of the doubt and agree that the Wall St crowd works very hard. When a minimum wage fast food worker works, I see a hamburger produced. When a broker works, what is produced?

That is a really stupid way of looking at things. By that logic, managers are pointless because what do they produce?

Just because something is complex, does not make it less valuable. Wall street is getting paid by people. Its their money, so don't worry about that part. What you should care about is the role governments play with respect to WS.

While you are at it, you can deny climate change because it snowed in a cold place.
 
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Bock

Senior member
Mar 28, 2013
319
0
0
I happen to run into quite a few people from every income you can imagine. From poverty level to multi millionaire. I've noticed that not much really changes until past the ~240k range, i.e. they still work for a day job for their money.
Those who make more than that, almost always run businesses and have numerous employees. The few times I've managed to look into their costs breakdowns, every single time w/o question, those working for them are grossly underpaid save for management.
 

Jeff7

Lifer
Jan 4, 2001
41,599
19
81
I happen to run into quite a few people from every income you can imagine. From poverty level to multi millionaire. I've noticed that not much really changes until past the ~240k range, i.e. they still work for a day job for their money.
Those who make more than that, almost always run businesses and have numerous employees. The few times I've managed to look into their costs breakdowns, every single time w/o question, those working for them are grossly underpaid save for management.
Didn't you hear? Management is the highest honor and most noble thing a human being can possibly do.
Do a job interview and lay down that you don't want to be management, and that you want to do what you trained to do, and what you're good at doing. (Some people don't make good managers, and they know it.) You probably won't get called back. Want to shoot your career aspirations in the foot? Casually mention to your supervisor that you don't want to get into management.
 

hal2kilo

Lifer
Feb 24, 2009
23,331
10,238
136
Didn't you hear? Management is the highest honor and most noble thing a human being can possibly do.
Do a job interview and lay down that you don't want to be management, and that you want to do what you trained to do, and what you're good at doing. (Some people don't make good managers, and they know it.) You probably won't get called back. Want to shoot your career aspirations in the foot? Casually mention to your supervisor that you don't want to get into management.

Bingo!

I really don 't understand how keeping track of peoples hours and the planning related to it is a skill that should be paid exponentially more than someone who actually does something productive (i.e. not using ODC money).

Because of the truth you speak, I'm a very reluctant supervisor, and fall neatly into the Peter principle model.
 

master_shake_

Diamond Member
May 22, 2012
6,430
291
121
I'll give them the benefit of the doubt and agree that the Wall St crowd works very hard. When a minimum wage fast food worker works, I see a hamburger produced. When a broker works, what is produced?

financial meltdown with a side of recession?
 

IronWing

No Lifer
Jul 20, 2001
68,855
26,650
136
That is a really stupid way of looking at things. By that logic, managers are pointless because what do they produce?

Just because something is complex, does not make it less valuable. Wall street is getting paid by people. Its their money, so don't worry about that part. What you should care about is the role governments play with respect to WS.

While you are at it, you can deny climate change because it snowed in a cold place.
Right. So what do brokers produce?