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CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

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Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#51

Post by holbrad »

fistfucker3000 wrote: post #34
iLoveOncall wrote: post #3

> This escalation of CEO compensation and of executive compensation more generally has fueled the growth of top 1% and top 0.1% incomes, leaving fewer of the gains of economic growth for ordinary workers and widening the gap between very high earners and the bottom 90%. I ignore every article that separates the top 1% from ordinary workers. In the UK, to be in the top 1% of earners you need to earn 120K GBP gross a y…

> I don't give a single fuck about the salary of the 0.0001% of the population that is billionaire CEO, that's not the problem. The problem is that basic necessities have been turned into a profit-printing machine and you pay 2K a month for a 500 square feet apartment in London. Interesting that you don’t see those things as part of the same problem but rather two separate unrelated issues.

How are they directly related?

Is Bezos, Gates or Musk at fault for high UK house prices ?

No, it's a failing of government policy. Straggling house building for decades, leads directly towards rampant land speculation. (70+% of a houses value is the land...)

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#52

Post by jandrese »

ajsnigrutin wrote: post #17
lm28469 wrote: post #12

Earlier quoted context omitted.

Damn, why did people create companies for the past 300 years ? Why did people become entrepreneur ? They didn't have anywhere close to 400 times their workers salary, must have been a miserable life What's the point of it all when you have enough money to sustain your entire genealogy tree from the birth of earth to the heat death of the universe ? These people are clinically ill

How many companies in the last 300 years were as large as amazon or walmart? A local hairdressing salon owner/director doesn't earn a lot more than the employees there. Maybe it's time to disincentivize huge companies in favour of many smaller ones.

> Maybe it's time to disincentivize huge companies in favour of many smaller ones.

That's a fight directly against market forces. It's exceptionally difficult to fight the market and usually quite unpopular.

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#53

Post by ilyt »

loandbehold wrote: post #49

Maybe Karl Marx had a point? Sure, communist revolutions of the 20th century produced suboptimal results, but only because violent psychopaths were in power. We need democratic socialism. Maybe Bernie Sanders has right ideas.

Psychopats have unreasonably high efficiency in convincing people they should lead them tho

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#54

Post by saucepines »

friedman23 wrote: post #30
adamedw wrote: post #15

Earlier quoted context omitted.

It could go to the people who produce the value in the first place: the workers.

At what point should someone's creation be confiscated and given to employees?

If they can create everything why do they need employees?

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#55

Post by lm28469 »

ttoinou wrote: post #32
lm28469 wrote: post #19

Earlier quoted context omitted.

Well we have 10m people living under poverty, even armed with forks and spoons they'd take the Elysee in a day. Even the 42 000 homeless children living in France could take care of it

Poverty definition is a relative definition. Hence you're measuring inequalities, not wealth

Well that's what the discussion was about in the first place wasn't it ? The inequalities between CEOs and workers grew, one side lives in absolute poverty, the other in absolute opulence

The poor are still too poor to live properly and the rich are too rich to count, that's not how they sold us capitalism is it ? Wasn't it supposed to even out inequalities ? Money trickling down to the poorest ? Why are there still people in ultra advanced countries who can't afford to heat their home ?

> Poverty definition is a relative definition.

Criteria such as:

"can't afford clothes"

"can't go out with friends/family at least once a month due to financial reasons"

"not having access to internet"

"can't pay water/electricity bills"

"can't heat apartment above the minimum temperature determined by the law"

"can't afford one week of vacation out of their own place"

"can't afford meat/fish every other day"

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#56

Post by sanedigital »

germinalphrase wrote: post #42
tomp wrote: post #27

Earlier quoted context omitted.

You got it the other way round. After the 1% protests, media started publishing social justice articles to divide & conquer the population. The percentage of woke words like “racist”, “sexist” and “gender” rose rapidly!

It’s eminently clear that identity politics is the name of the game across the political spectrum.

Sure, but if we're talking about co-opting the anger around wealth inequality, that particular fight ended with Occupy Wall Street becoming Black Lives Matter.

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#57

Post by itsdrewmiller »

lucisferre wrote: post #9
iLoveOncall wrote: post #3

> This escalation of CEO compensation and of executive compensation more generally has fueled the growth of top 1% and top 0.1% incomes, leaving fewer of the gains of economic growth for ordinary workers and widening the gap between very high earners and the bottom 90%. I ignore every article that separates the top 1% from ordinary workers. In the UK, to be in the top 1% of earners you need to earn 120K GBP gross a y…

It's more like 170k. https://www.statista.com/statistics/1224844/monthly-pay-of-e...

https://ceoworld.biz/2020/02/07/how-much-the-top-1-of-worlds... has $248k or ~205k GBP.

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#59

Post by sebastiansm »

loandbehold wrote: post #49

Maybe Karl Marx had a point? Sure, communist revolutions of the 20th century produced suboptimal results, but only because violent psychopaths were in power. We need democratic socialism. Maybe Bernie Sanders has right ideas.

Salvador Allende in Chile wasn't a violent psychopath, but also produced suboptimal results during his short period.

Then came a real psycho, but that's another sad story.

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#60

Post by sanedigital »

adamedw wrote: post #15
DaveExeter wrote: post #5

If that pay didn't go to the CEO, who would get it? The shareholders. And who are the shareholders? The wealthiest 10% own almost 90% of stocks.

It could go to the people who produce the value in the first place: the workers.

I know, they could use the market to determine the rate at which that wealth transfer occurs. And then they could distribute it biweekly via direct deposit. They might even call it a salary!
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