No Good Reason For Your Boss To Make 347 Times More

| Educate!

Above Photo: (Photo: Shutterstock)

Unlike movie stars and athletes, skyrocketing pay for CEOs has nothing to do with markets.

  • Aquifer

    A couple of observations …

    I think when we talk about pay we should make it a habit of making the distinction between what a person “makes” and what a person “earns” – so that whenever someone talks about what a person makes the automatic question should be – “but did (s)he earn it?” It reminds us that in our society we are supposedly paid on the basis of merit – on “working hard” – so the obvious question would be “Did the CEO of the company that your son/daughter works for work 347 times as hard as your son/daughter?” Try getting a “yes” on that from just about any parent ….

    The other thing is with regard to the top athlete/star, employee distinction – employees, unless they have quite unique and quite valuable (to the company) skill sets, have basically no say in what they get paid, for a number of reasons they have basically no bargaining power – top athletes do ……..

  • DHFabian

    This discussion is clearly filtered through the lens of bourgeois liberalism. Whether there’s a “good reason” for the income gap between workers and bosses is irrelevant. Corporations are for-profit entities, not charitable organizations. Capitalism is based on “supply and demand.”

    The US shut down/shipped out a huge number of jobs since the 1980s, ended actual welfare aid in the 1990s, creating an abundant surplus of job-ready people who are desperate for any job at any wage — grateful for the chance to replace you for less than you are paid. There’s nothing to fall back on. From the corporate perspective, there is simply no logical reason to nudge up wages.

    Look at the bigger picture. US corporations have gone international, and are no longer dependent on US workers or consumers. We’ve slowly (since the mid-1980s) been transitioning into just another third world labor state that discards those who aren’t of current use, making products to be sold in the more prosperous countries. You can Rise Up, go on strike, whatever, but it would make no difference. Most US workers can easily be replaced by morning.

  • DHFabian

    Take it a step further: Not everyone can work, and there aren’t jobs for all. The economy/job market is expected to worsen significantly over the next decade. Liberals have lacked the courage to say what THEY think should be done about all those who are left behind. In the process, they deeply alienated a good chunk of the population.

    When it comes to complaints about the mega-salaries of sports heros and entertainment stars — all the middle class has to do is stop paying them. No one is forced to buy wildly over-priced tickets, etc.

  • Aquifer

    Maybe “liberals” don’t, progs do …

    I think you missed the point about the athlete’s/CEOs comparison …