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Edited by MysticalSnurtle:
1/27/2016 4:32:06 AM
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The biggest problem I have with this is how much wealth those in the top 1% have compared to their employees. I don't care how hard you work there is no way someone like a CEO can possibly work so much harder than all of their employees that they would deserve that kind of wealth.
I've known people who work 12 hours a day on their knees scrubbing floors barely making it by. Are you telling me that 1 CEO which can effectively make 10-20x what a laborer would deserves that kind of wealth, when it would literally be impossible for them to work 10-20x harder than that laborer?
No its impossible, the amounts of wealth that the top 1% obtains is primarily taken from the hard work of others. Sure maybe CEO's and others in the top 1% do deserve a little more pay... but not that much
EDIT: Guess I undershot it a bit, CEO's make so much more than even the workers in their own company its laughable now they make well over 200x that of their own workers.
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And yet, the CEO invested yeara of time into education and learning, while the janitor did none of that. Not to mention, good decision making and strategic planning from the CEO could mean continued success in the market. You're argument is emotionally based and trying to relate income with self worth.
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Edited by MysticalSnurtle: 1/27/2016 7:35:55 AMWhat about the teachers who invest many years of time into education and learning?? How about the Doctors and most lawyers?? They don't make anywhere near what the top 1% makes?? True a company needs a strong CEO to be successful. However the op's post saying that those who work hard deserve to be insanely rich is wrong. Many people work insanely hard not just the CEO. Fact is no matter how smart or hardworking everyone becomes not everyone can be a CEO. Well I think anything involving ethics must have a moral basis right? I am just saying that it is incorrect to say that how much money you make is a precise indicator of how hardworking or intelligent you are. You're doing the same thing. You're putting a value on the CEO's work. I am just comparing the CEO's value compared to the 400 other people that the CEO makes just as much maybe even more money than them all combined.
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I know it doesn't translate exactly 1 to1, but there is a direct correlation between how much education and time spent getting that education and wages. How much did the janitor spend on education and how much did the CEO?
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I am not just talking about the janitor. I am also talking about the teachers, doctors, lawyers, translators, etc... Heck even most phd's and doctorates don't make nearly the salary of the CEO. Sure education makes you more likely to have a higher income but the CEO's income is in no way proportional to the amount of money they make. It's not even just 1 CEO vs 1 99% and below its the CEO against the 400 plus people he makes more money than combined. I don't think you can honestly work hard enough or be educated enough to deserve to have that kind of money. Especially when many of those 400 have a better or comparable education and work ethic to the CEO!!
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You're talking about 400 or so CEOs, but there are tens of thousands of CEOs who make fairly normal sensible wages. Sure, if you take a tiny sample group out of the whole lot you can alter the perception of them.
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Sure most CEO's don't make the really big figures. Most of their salaries seem within reason. However many of them probably make more than you think with company write offs and such. My millionaire grandma does the same thing. Although CEO's are just one example of this, using a tiny group (not really a sample) is the entire point. In America a very, very small amount of the population wields most of the wealth. Not just base income but things that can be written off as well. I agree most of the population won't have the gross amounts of wealth that only the very few have.
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The ratio of CEO pay to the median salary for all other employees in the company provides a reference of how high CEO pay is. It's often used to compare CEO pay across countries. U.S. CEOs earn from 400 to 500 times the median salary for workers. For CEOs in the U.K., the ratio is 22; in France, it's 15; and in Germany it's 12.
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case in point compare what asian CEOs make compared to US CEO US CEOs never seem to get THEIR job outsourced to someone who will do it cheaper.
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Well of course they wouldn't. The CEO's are the ones in charge of their company, why the heck would they outsource their own job??
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well the board of directors could if they were truly looking out for the shareholders, but your right they wouldnt. I can show you CEO give himself a raise just before his company files bankruptcy.
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Ya its ridiculous. That crap should be illegal.
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It's closer to 325x what the average worker makes, but your point is spot on. [url]http://www.ips-dc.org/wp-content/uploads/2012/02/CEOtoWorkerPay.jpg[/url]
