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Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

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11–20 of 611 posts

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#11
post #3

40%? I sincerely wish them the best of luck and I hope they get what is their due but this is probably good news for India, Mexico and China.

So what, nothing prohibits the US and Europe from raising tariffs on industrial products. The pendulum of globalization is bound to swing backwards for a multitude of reasons.

Isn’t that what leads to Ladas and Trabants.

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#12

> From 1978 to 2021, CEO pay grew by 1,460%, adjusted for inflation, versus just 18.1% for the typical worker. Why has the supply of CEOs not kept up with the demand for them? Surely, with the improvement in education and in increase in MBA programs, there must be far more CEOs today than in 1978. Why has the ratio of CEOs to Companies fallen by 14x for their wages to rise this much? /s As many argue, wages are only…

There is no academic training to be a good CEO. They are not easily replaceable. If they were, board members wouldn’t bother offering such high pay. Shareholders don’t appreciate wasting money.

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#13
> “Obviously, CEOs should be the highest-paid person in an enterprise, but then the question is exactly just how much higher than everyone else,” Josh Bivens, chief economist at EPI, told NPR.

I thought I read that at Japanese companies the CEO doesn't make 300 times what the workers make. Maybe the CEO made 10 times at most?

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#15
post #3

40%? I sincerely wish them the best of luck and I hope they get what is their due but this is probably good news for India, Mexico and China.

If it was that easy it would’ve happened already. And software engineers jobs would have moved first due to savings and low effort and low infrastructure changes required.

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#16

40% over 4 years isn't as crazy (especially when you consider that they had some concessions back in '08). typical clickbait when you consider this is a high value for negotiation and they're likely looking for anywhere between 20-30% over 4 years when it's all said and done. barely above inflation YoY.

> they're likely looking for anywhere between 20-30% over 4 years when it's all said and done.

TFA conveniently points out to you that 20% has been offered to them and was rejected.

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#17

> From 1978 to 2021, CEO pay grew by 1,460%, adjusted for inflation, versus just 18.1% for the typical worker. Why has the supply of CEOs not kept up with the demand for them? Surely, with the improvement in education and in increase in MBA programs, there must be far more CEOs today than in 1978. Why has the ratio of CEOs to Companies fallen by 14x for their wages to rise this much? /s As many argue, wages are only…

There is no academic training to be a good CEO. They are not easily replaceable. If they were, board members wouldn’t bother offering such high pay. Shareholders don’t appreciate wasting money.

But if we offer more money, surely we will attract the attention of a better CEO!

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#18

Whereabouts should we purchase land in Mexico? Needs to be near the new factories that'll go in next year.

Companies and individuals do not make decisions based on posturing or their pet peeves. If a company has not outsourced a plant already for cost savings there are reasons for still keeping that operation in the US.

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#19

> From 1978 to 2021, CEO pay grew by 1,460%, adjusted for inflation, versus just 18.1% for the typical worker. Why has the supply of CEOs not kept up with the demand for them? Surely, with the improvement in education and in increase in MBA programs, there must be far more CEOs today than in 1978. Why has the ratio of CEOs to Companies fallen by 14x for their wages to rise this much? /s As many argue, wages are only…

There is no academic training to be a good CEO. They are not easily replaceable. If they were, board members wouldn’t bother offering such high pay. Shareholders don’t appreciate wasting money.

They've become 14.6x more efficient at ... what? Increasing their pay? C'mon.
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