These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m
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.
Why do we not have a maximum wage when we have a minimum wage?
Hey I said this like 6 years ago on Reddit and I got downvoted and called a fucking idiot lol
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.
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.”
Socialism is the abolition of social classes. Regulating capital is usually called Social Democracy, or Marxism. Honestly, sieze the means of production.
I’d be absolutely ecstatic for a 1:4 ratio.
That’s just bringing down the top without helping anyone. Need to lift from the bottom instead
You can also raise the bottom to make that ratio reach the top…
You’re not really all that familiar with how ratios work are you lol
Sure I am. If employees made $90/hr the ratio would be significantly improved. It’s not the ratio that’s the actual problem here. You get that right?
That’s just bringing down the top without helping anyone. Need to lift from the bottom instead
What in the fuck does “lifting from the bottom” mean to you if raising employee wages isn’t it.
Lift from the bottom, pull from the top. The ratio is the actual problem here. You get that right?
They were talking about reducing ceo pay, which who cares? It’s the workers that need the boost. Go back to reddit you jerk
Reduce CEO pay… to increase worker pay
Damn, that was hard.
Raising wages isn’t a boost? The hell are you talking about
if you’ve ever worked food service in your life you should instantly be able to calculate how fucked wages are. in 1 hour you make dozens of meals that cost $10+ while getting paid maybe $10 or $15 per hour. it’s obscene
Good sentiment but not really a true conclusion. Most restaurants sell their food for a little over cost. The majority of their sales profits come from the drinks. It’s insane. A 5 gallon bag of Coke syrup is good for $1,000+ in drink sales but costs most businesses less than $100. Regardless, I agree that workers should be paid more, but not because the food is so expensive.
But they bring so much value for that $601. Like figuring out how many people to fire to maximize revenue for shareholders. Come on, doesn’t that deserve a $15 million salary?!
It’s ironic, they’re the one position that I think at most companies provides no value at all. They think they’ll be the ruling class in an apocalypse, but they don’t realize that they have no marketable skills whatsoever.
Yes and no. They can’t do what everyone else can do and not many can do what they do. You only see the darker side of thing and yes most are incredibly evil in many ways.
However, someone has to organize. Someone has to delegate. Someone has to decide. Do they deserve that much money? No. Does the position need to exist? In many ways it seems so.
Perhaps it’s more accurate to say that they don’t have a unique skillset. You’re right that someone does need to delegate, organize, and decide, but the ability to do so isn’t special at all. You could probably put any given technical worker in that position and they’d do just fine too.
Experience of course is what really shines here, but the problem is the same as politics. They may have more experience, but the decisions they’re making aren’t for everyone’s best interest. They’re biased towards the newer, richer friends.
This experience vs corruption duality is tough. It’s also there when you have the government making policy. The experts you want to consult on how X is made and what regulations there need to be are those who are experiences in making X – but those same groups also want money and clout, and will try to get that into the regulations. I’m not sure what a good solution is.
Do they deserve that much money?
As long as the employees are paid fair and well for their work, and the company is financially sound, they should.
The problem is almost all of them rake in millions at the cost of employees/customers/business or all.
Feels like this is actually a way to make it seem like less of a gap? Hourly workers (the workers discussed here for the most part) think of wages in, you guessed it… hours. To keep it clear, tell them, “You make $10 an hour, but your CEO makes $6,000 an hour.”
Or even better, “Your CEO makes more in a single day than you do in an entire year of full time work - Almost double what you make in a year in fact. And that day your CEO ‘works’ is a fairly relaxing day with a long lunch break, a private office and air conditioning,”
Disgusting.
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).
#abolishWageSlavery
Unemployment for all
Ugh. I forgot to apply for the CEO position again!
Everyone in the country should strike, keep your homes and others should take them from corporations . Move in and squat, literally millions of us.
They all just need to pull themselves up by their bootstraps and become CEOs. Doesn’t anyone want to work anymore? When I became a CEO I had to walk up hill both ways and put in 2,000 hours a week. Just kidding, I got a loan from daddy. /s
I’m sure this is even less awful than the disparity with Big Lots employees and employers. Store managers make 100k a year, most employees are making less than 15 an hour. Absolutely the worst conditions and employment terms of any retail I’ve ever worked.
Which side of the fence are you putting store managers on? At a minimum that’s $48 an hour (or a little over $3 for every $1 by the lower employee), but it’s likely worse than that as often store managers work more than 40 hours a week and are not allowed overtime, so their pay doesn’t change. Just saying I can’t tell based on your wording if you think the gap between managers and employees is a problem, as I guess it’s debatable, but definitely nowhere near the numbers above. So just wondering if you could clarify your point a bit.
The Home Depot here in Montana pays the store manager more than that and hes raped an underaged cashier and was protected by corporate.
Fuck all corporations and their enablers.
By their metrics that’s a resounding success.
What percentage of the US economy is low wage firms?
Yes
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?
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.
Uneducated apologist.
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.
So going through years of school, or working their way up from the bottom isn’t earning it?
The owner class doesn’t work the way we do. They go to private school from birth, their grades can be guaranteed or cheated. Their acceptance into schools is often a matter of being a Heritage admission and then paying full price or more for it.
We work for half the opportunities that are handed to them.
Why did you dodge the question and inserted a completely separate scenario. Your scenario is true in some cases, but so is mine. Would you be willing to answer my question now?
Bootlicker is what you are. Go back to truth social.
None. Quality of life is already a huge bonus.
None? So you think the janitor and CEO should have the same wage?
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.
So when a company decides to compensate employees, your belief is that the janitor who has minimal responsibilities and training for that job provides the same value as the one who had to earn a degree for the position, is actively trying to expand the company, which has an added benefit of hiring new employees, among many other factors?
Here’s a real world example. I train people to do the job and meet the standards I require for my company. They start out with no or minimal skills, I provide the knowledge so they can do the work. Should I not be compensated more than them even though I’ve invested my time and money in them? Should they not be compensated more than the brand new hire even though they have more skills and seniority? Or do we all make the same since we all ‘give it our all’?
