Do CEOs work 227 times harder than their average worker?
"Pay for chief executives has risen to 277 times the average workers’ pay, from 20 times in 1965, according to the Economic Policy Institute."
"Pay for chief executives has risen to 277 times the average workers’ pay, from 20 times in 1965, according to the Economic Policy Institute."
Anonymous
Favorite Answer
Hell no. And if they screw up, and the company goes broke the get those golden parachutes.
http://finance.yahoo.com/blogs/daily-ticker/another-corporate-outrage-golden-parachutes-failed-ceos-153646807.html
X, just look at this link and tell me those numbers are wrong.
http://underthemountainbunker.com/2011/10/14/since-1990-ceo-pay-up-300-average-workers-pay-up-4-minimum-wage-has-dropped-discuss/
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The rubber band of inflation favors those with higher wages.
The parabolic representation of wages narrows deeper as inflation drives wages higher.
Unless the money supply adequately matches the population, and "work value" is kept to pace with the curve, the shallow end gets shallower and pulls the median into the shallow.
Wage disparity creates "bad faith" in the dollar, further narrowing the parabola, eliminating the middle wage earners completely.
Two classes develop: the successful, and the laborer:
Where the successful stumble into profit repeatedly,
and the laborers earn a pittance for any level of exertion, such as to discourage even trying.
What can be done to push the "wage values by population" into a ramp rather than a parabola?
There is a delicate balance between the money supply and the population 'supply'.
The CEO wages demonstrate the elongation of the wage parabola.
Government borrowing=skimming=spending may expand the area under the curve,
but it also serves to stretch its limits and further erode its linearity.
PaleoCon Nation
Does a professional athlete play the game 227 time harder than a college athlete, or even a weekend athlete?
What's your point? Anyone can work an assembly line, few have the skills to guide the company into greater market share and profits.
Stockholders pay their employees and managers commensurate to their worth to the company. Sorry if you don't make much, but I understand why. Your attitude sucks.
Liberalism has a lying bias
The average worker makes $50,000. 227 times that is $11,350,000. I know of NO company that pays its chief executive that type salary. Show us please.
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They deserve every penny of it. They built the company and they gave jobs to hundreds, if not thousands. Those jobs didn't just appear out of thin air. It is because someone had the ambition to create a corporation. They made it, they deserve the benefits. I'm tired of this equality of results BS. They are the reason you have a job. Be happy.
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But they're the job creators (please attach whiny voice to this). I defy any CEO to try doing the job of their lowliest employee for a week. Once they have to swab out toilets, clean the floors, clear out the company fridge and empty the wastebaskets, they'll get a clue of what work really is. I have worked for a CEO. His day comprised of talking on the phone with more of his "old boy" buddies, making googly eyes at the secretaries and attending meetings where all the work had already been done by his underlings. All he had to do was sign on the dotted line. Privilege and the cachet that attaches to it is utter B.S. Privilege is an excuse for superiority without justification.