Wage inequality may be starting to reverse
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Re: Wage inequality may be starting to reverse
#2Re: Wage inequality may be starting to reverse
#3I’m incredibly happy to see wages at the bottom rising, but I think there’s a serious lack of discussion around obscenely high executive pay.
Re: Wage inequality may be starting to reverse
#4I’m incredibly happy to see wages at the bottom rising, but I think there’s a serious lack of discussion around obscenely high executive pay.
Is it a result of perverse incentive? I think it would help to better understand why executive pay is so high in the first place.
Re: Wage inequality may be starting to reverse
#5I’m incredibly happy to see wages at the bottom rising, but I think there’s a serious lack of discussion around obscenely high executive pay.
Discussion can be had all year long, but the executive caste will maintain it. There's no law or peaceful incentive to change the tendency. It's important to them that the plutonomy be maintained and extended.
Re: Wage inequality may be starting to reverse
#6I'm sure I'm not the only one not believing in this.
Re: Wage inequality may be starting to reverse
#7I’m incredibly happy to see wages at the bottom rising, but I think there’s a serious lack of discussion around obscenely high executive pay.
Is it a result of perverse incentive? I think it would help to better understand why executive pay is so high in the first place.
Because it can be. The boards that set it are made up of executives, and it's good for all that the bar for average pay gets ratcheted up.
While a good CEO may be worth a multiple of any line worker, the notion that a CEO will leave for some other pursuit only holds water if the other pursuits hold higher multiples and are readily attained. They would all work for one-quarter the comp if that is all they were offered. As it is, they'll happily work for double also.
Re: Wage inequality may be starting to reverse
#8> In the decades before the pandemic, the wages of lower-paid, less skilled hourly employees steadily lost ground to those of skilled workers, college graduates, managers and professionals. In the two years since, those trends have sharply reversed.
We don’t know if this narrowing in inequality will last.
I'm certainly for economic justice. But how is comparing apples to canned tuna "inequality"?
As another comment already mentioned, wouldn't our time be better spent discussing the extreme delta between the top and everyone else? The delta between service worker and say tech is far less than the delta between that collective average and the top of the financial food chain.
But here we got again. Distracted. And letting the lede tip toe out of the room.
Re: Wage inequality may be starting to reverse
#9Ultra-rich usually do not receive high wages, but they pocketed around 20T(my estimation) in last 5 years through leveraged trades on inflated stocks/private equities and real estate enjoying near zero loans rates.
Now they own very large chunk of American businesses and land/real estate, no need to work for wages.
Re: Wage inequality may be starting to reverse
#10I’m incredibly happy to see wages at the bottom rising, but I think there’s a serious lack of discussion around obscenely high executive pay.
Is it a result of perverse incentive? I think it would help to better understand why executive pay is so high in the first place.
Because just like congress, they can vote to give themselves raise and the amount. Can you as a typical employee guarantee yourself a wage increase, and the amount?
Not hard to see your pay increase as much as you want it to, when you're actually in control of setting it and not just accepting what is given.