If CEOs and other excutives made 42 times more than the average worker in 1980, then why do they earn several hundred times more today? I mean, the CEO and executives still do the same things they did in the 80s, right?
Why don't excutive and worker wages grow at the same rate?
- Thread starter Martin
- Start date
What chaotic said. Fact of the matter is, companies can get the workers they want at the current price level. There is no incentive to raise wages because they already have a large enough supply of labor. However, executives aren't as plentiful. If a company wants a big name executive, they have to pay the market price. What you can ask is whether or not the premium placed on these big time executives is worth it when you can find some lesser known guy to do the same position for less. Apparently the vast majority of companies think that it's worth it paying a big name guy huge amounts of money versus a fraction for the unknown.
A little jealosy going on here I believe.
There is no need to pay ANYONE more than someone else will take to do the job at an adequet level. If there are unemployed people willing to build widgets for 10 bucks an hour then as a widget builder you are worth 10 bucks an hour. Running the widget factory takes a little but more however, and there are fewer qualified candidates.
It's the board of directors scam.
They generally consist of other executives who determine each other's pay.
They generally consist of other executives who determine each other's pay.
Is this something like saying "the rich get richer and the poor get poorer"?
And if so, isn't that a bad thing for the economy? I mean, if you have more money going to a group of a few individuals rather than going to a group which makes up the majority of America, it seems pretty bad.
You'd think that the majority of people with more money would buy more things, thus increasing the status of the economy.
Don't tell me those top execs are going to spend/buy as many things as those "widget" workers are.
And if so, isn't that a bad thing for the economy? I mean, if you have more money going to a group of a few individuals rather than going to a group which makes up the majority of America, it seems pretty bad.
You'd think that the majority of people with more money would buy more things, thus increasing the status of the economy.
Don't tell me those top execs are going to spend/buy as many things as those "widget" workers are.
For the same reason the wages of professional athletes and female pr0n stars haven't grown at the same rate as the rest of us. It's all about differing skills/talent, supply and demand, and risk vs. reward.
The rich are getting richer and the poor are getting poorer. The richest 1% of our nation makes 60% more than the poorest 20%. According to my anthropology professor, the US is turning into a third world country (he has lived in Mexico, among the poor as well as the rich). I have lived in the 2.5th world and I have to agree.
Exactly, it's an old boy's network in the boardroom and even the largest institutional investors have not weighed in any objection to skyrocketing executive compensation.
And if you happen to fake the numbers and get caught Enron-style, just claim you're a dumb ass and didn't know a damn thing while being paid millions.
Only in America.
When you guys grow up and join the real world, which is very distant in reality that what you have been indoctrinated with, you will know the answer.
If you need ask the question, you've no idea the answer.
If you need ask the question, you've no idea the answer.
Bunch of jealous people here. I bet there's not a single person in here, when they have a chance to become an Exec and got huge raises, will turn it down because the janitors only get a 3% raise instead
Originally posted by: Tominator
I could never understand why the minimum wage is not $20 an hour!
I for one feel that my talents and experence are not worth anymore than a high school drop out who is cleaning toliets on the night shift.
Hayabusa Rider
Admin Emeritus & Elite Member
- Jan 26, 2000
- 50,879
- 4,268
- 126
Originally posted by: rufruf44
Bunch of jealous people here. I bet there's not a single person in here, when they have a chance to become an Exec and got huge raises, will turn it down because the janitors only get a 3% raise instead
Interesting thought. So if I find it wrong that someone can screw up, fix things by laying off people, and get an even bigger bonus, then I am jealous. No. I choose to do other things with my time than engage in corporate politics, and the selling of my soul for profit. I do well enough, thank you. My time is my most precious commodity. Money can always be made, but you cannot make a second more time. FYI I know about corporations, since I have to deal with executive and management peripherally. Some of them are ok, but the great majority of them are lousy human beings. Many years ago I chose to avoid their trap, and I am glad every day that I did, even though I could be earning much more than I am. Others feel the same, I am sure.
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 24K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 23K
-
-
Facebook
Twitter