Earlier quoted context omitted.
If the CEO is going to make 100X as much as me, I’m going to do my best to work 100X less than they do. You realized CEO's make that much money after a long career where they were busting their asses as juniors. You basically made the same argument the grandparent is criticizing.
Ya, but there are many more people who spend years busting their asses in menial jobs who are never rewarded for it. I have no problem with CEOs making lots of money. I have a problem with them making 100x more than their median employee; especially when their poorest employees aren't making a living wage.
But that's true for any job, not just CEOs. Plenty of people bust their ass and never make $250,000 like many FAANG employees. Should we cap the pay of FAANG employees to the lowest paid tech worker?
I have a problem with them making 100x more than their median employee
Why? What should the maximum multiple be? Should a CEO only make 20x the median employee? What if the company only has 10 employees? What if it has 200,000 employees, should it still be 20x?
I'm not sure I understand why a CEO's pay should be solely linked to the median wage of the employees. What's the logic behind it?