CEOs of top 100 ‘low-wage’ US firms earn $601 for every $1 by worker, report finds
CEOs of top 100 ‘low-wage’ US firms earn $601 for every $1 by worker, report finds
These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m
These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m
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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.
They're responsible for maximizing stock price (i.e. enriching shareholders including themselves). That's it. They don't give a shit about providing jobs and you can see this with all the jerking off they're doing over AI supposedly making people obsolete.
You have a very limited view of what the owner of a company is responsible for. That also explains your views on the pay structure.
But as far as AI? One can only dream. Any day without human interaction is paradise.
The CEO is not necessarily the owner of the company. If you want to feel superior with your supposed knowledge on the subject, then you shouldn't make basic mistakes like this.
The rest of your post explains a hell of a lot about you.
Does it? What does it explain?
You're a misanthrope and likely just as insufferable to those people as you perceive them to be. Your misanthropy leads you to support dehumanizing systems like capitalism.
Nah, overall I don't hate people. Just the ones who are void of common sense and refuse to use logic in their decision making, relying on feeling to navigate their way through life. Couple that with being forced to go along with nonsense in order to be a part of society, it's exhausting.
You have a very limited view of what the owner of a company is responsible for.
I mean what else are they in business for if they are not doing it to enrich themselves?
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'?