Quote (cambovenzi @ Dec 13 2019 06:06pm)
What does the average wage of an employer have to do with the wage of an executive?
You are correct in part that it disincentivizes hiring lower income workers, but that isn't a good thing.
Businesses shouldn't be punished for hiring the less fortunate and given added disincentives from doing so.
Some jobs are not viable paying people above a certain wage, and higher wages pushes out poorer people who have less education and experience.
Why should successful businesses that employ thousands or hundreds of thousands of people not be allowed to pay an executive a lot of money/more money than a smaller or less successful business?
What if they determine paying them well is worth it and will allow them to make more money selling goods and services and employing more people?
Why should a company be forced to have a certain percentage of profits going to non-executive wages? Do you not think that will be worked around and isn't a significant inhibition/disincentive to economic success and market entry?
As it is now CEO pay is typically a small fraction of total wages paid. People often bring up Walmart CEO pay compared to the average worker. Its one guy vs hundreds of thousands of workers. Dividing his pay up and giving it to the workers would not leave an average worker with much more pay. Thats not a real solution. Nor is mandating a CEO is only allowed to be paid something like 20M instead of 35M going to do anything productive. They aren't going to double or triple wages and keep the same employees. Its going to result in fewer stores and fewer jobs available.
How are you or a bureaucrat or politician in a better position to determine wages than the actual people involved in those transactions and businesses? Are you aware of the inherent faults of centrally planned economies?
What makes you think you have it right and that there wouldn't be significant drawbacks?
You have listed a number of authoritarian policies you would like to enact, but there isn't much there that makes sense upon inspection and nothing to suggest it would achieve much better paying jobs for everyone in a given country.
Bullshit, all jobs are viable to pay a living wage and always have been.
Why is it that inflation can rise at nearly triple the speed wages do and you corporate apologists can keep claiming this same bullshit?
Why is is that full time work is dropping and corporate profits have never been higher?
Shouldn't your bullshit line about more jobs being available be kicking in when the corporate economy is in over drive?
In 2010 the 388 richest people on earth had the same amount of money as the bottom 3.5 billion.
9 years later in 2019 the top EIGHT hold that same position.
And yeah its still too hard to put people on full time and pay them benefits.
If there is no money to go around for workers WHERE ARE THESE RECORD PROFITS COMING FROM?
This crap you libertarians go on about how much better everyone has it these days is actually a lie, things are going backwards for the poorest in western nations, wages are stagnant and inflation is well in front, fulltime jobs are becoming part time, part time jobs are becoming casual or even worse, gig jobs.
Why is it that in the 60's and 70's nearly anyone could find full time work and now suddenly its too hard to employ anyone?
Corporations have not got any smaller..
Endless corporate expansion does not benefit anyone, kraft buying bega does not benefit anyone working at bega, kraft got a tax write off and a share price bump, the workers at bega get exploited more, the first thing kraft does is makes any cuts it thinks it can get away with to generate more profit faster.
So no, more money for the corporation does not lead to more jobs, because these days most expansion either buys existing businesses or puts existing businesses out of business through competition.
A society should work to benefit those who have the least, not exploit them.
This post was edited by Plaguefear on Dec 13 2019 01:22am