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Posted on 6/4/24 at 4:46 pm to GoCrazyAuburn
What?
Posted on 6/4/24 at 4:48 pm to upgrayedd
What?
You said that wage stagnation is an issue in response to a question on why the wage gap between the CEO and average employee is an issue.
So, I asked my question. If that isn't the assertion, then what would the wage stagnation have to do with the pay gap?
You said that wage stagnation is an issue in response to a question on why the wage gap between the CEO and average employee is an issue.
So, I asked my question. If that isn't the assertion, then what would the wage stagnation have to do with the pay gap?
Posted on 6/4/24 at 4:50 pm to Cycledude
If you are responsible for billions of revenue and 10s of thousands of employees wouldn’t you expect the person running it all to make a lot of money? You have to pay for talent
Posted on 6/4/24 at 4:51 pm to Cycledude
quote:In that instance, would you like to work for a company whose CEO pulled $39m? How about $390m? Or would you prefer working for a company whose CEO made 5x your $50K/yr salary?
CEO for ... 500 companies made 196 times more than their average median paid employees
Posted on 6/4/24 at 4:54 pm to Cycledude
The average Minnesota Vikings employee makes $16 - $34 per hour. Justin Jefferson is making $27.5 mil/yr. Does that sit right with you?
ETA: $27.5 mil/yr is just the guaranteed amount. He'll make more.
ETA: $27.5 mil/yr is just the guaranteed amount. He'll make more.
This post was edited on 6/4/24 at 4:55 pm
Posted on 6/4/24 at 4:56 pm to Cycledude
quote:
The median pay package for CEO’s was 16.3 million per year. I know it’s a free enterprise, but this just doesn’t sit right with me.
Yet many have no problem with athletes, some who can barely rear at a 9th grade level, make $10s of millions of dollars .......while you have pediatric cardiothoracic and pediatric neurosurgeons making less despite spending decades in school and impacting lives.
This post was edited on 6/4/24 at 5:03 pm
Posted on 6/4/24 at 4:56 pm to GoCrazyAuburn
quote:
So, I asked my question. If that isn't the assertion, then what would the wage stagnation have to do with the pay gap?
The guy at the bottom seeing his paycheck not go as far as the year before while the guy at the top keeps getting millions in bonuses doesn't exactly seem fair. I get the argument that life isn't fair, but I'd say the guy at the bottom has far more to lose than thw guy at the top if he doesn't perform. The idea that these CEOs are out on their asses if they don't get job done is ridiculous. They just move to the next company and get paid all along the way.
Posted on 6/4/24 at 5:00 pm to upgrayedd
quote:
The guy at the bottom seeing his paycheck not go as far as the year before while the guy at the top keeps getting millions in bonuses doesn't exactly seem fair. I get the argument that life isn't fair, but I'd say the guy at the bottom has far more to lose than thw guy at the top if he doesn't perform.
I get that, which goes back to my question. Is the assertion that the wage stagnation wouldn't be a problem if it wasn't for this pay gap?
Posted on 6/4/24 at 5:01 pm to Cycledude
Sounds like you need to become a CEO.
Posted on 6/4/24 at 5:05 pm to GoCrazyAuburn
quote:
get that, which goes back to my question. Is the assertion that the wage stagnation wouldn't be a problem if it wasn't for this pay gap?
Don’t want to put words in that posters mouth, but it’s a perception problem. If you’re in the ranks toiling away and not getting any traction and the only people you see getting ahead are high paid execs, it’s bad for moral specifically and society in general.
That’s not me offering a solution, just framing the cause of the problem.
Posted on 6/4/24 at 5:07 pm to baldona
quote:
The avg fortune 500 has 60,000 employees.
we are mid 200s and have 15k employees...
some of those top ones have more than the last few hundred combined
Posted on 6/4/24 at 5:07 pm to GoCrazyAuburn
quote:
I get that, which goes back to my question. Is the assertion that the wage stagnation wouldn't be a problem if it wasn't for this pay gap?
No
Posted on 6/4/24 at 5:10 pm to Dragula
quote:
Yet many have no problem with athletes, some who can barely rear at a 9th grade level, make $10s of millions of dollars .......
These cucks around here watch pro sports for the kneeling
Posted on 6/4/24 at 5:10 pm to Cycledude
Suppression of the proletariat
Posted on 6/4/24 at 5:18 pm to Dadren
quote:
Don’t want to put words in that posters mouth, but it’s a perception problem. If you’re in the ranks toiling away and not getting any traction and the only people you see getting ahead are high paid execs, it’s bad for moral specifically and society in general.
That’s not me offering a solution, just framing the cause of the problem
Yes, that's the issue. I also don't think the government getting involved is a solution either. There's a reason why you have a younger generation "quiet quitting". Yes, they're probably lazier than previous generations, but they're also completely demoralized when they see stuff like this happening. It's got a significant deleterious effect on the workforce as a whole in this country.
I've worked for a few huge companies and I can see that it's gotten significantly worse over the last 10-15 years. Luckily I've found a place that has financial incentives and recognition for employees who work hard.
Posted on 6/4/24 at 5:21 pm to Cycledude
I’m very pro business and even I’m starting to question the idea of these pay scales for upper C suite jobs. If the economy was rolling and inflation in check coupled with solid consumer confidence, I wouldn’t give two shits. But I’ve gottta question the logic some of these companies are following. It’s not much different than my disdain for politicians being completely out of touch with the reality of the majority of peoples situation
Posted on 6/4/24 at 5:21 pm to Dadren
quote:
That’s not me offering a solution, just framing the cause of the problem.
If the problem is perception, then it really isn't a problem.
When you hire a CEO, do you want to hire the best candidate?
Or 100th best candidate.
There is a limited supply of "best" in the marketplace.
And if your goal is to hire the best then you will open your wallet.
It is no different in MLB if you want the best left handed pitcher.
Or especially in the MLB if you want the best left handed hitter who can beat the best left handed pitcher.
The limited supply for the skill (essentially an 80 hour work week with competence levels in a broad range of expertises) drives up the supply.
I don't want to work 80 hours a week. 99.9% of the people I know (even those with extremely high competencies) don't want it either.
Posted on 6/4/24 at 5:24 pm to upgrayedd
quote:
I'm far from some "eat the rich" type person but the gap between the top and the bottom in these companies is massive and its a huge problem.
100%. We are living in a neo guilded age and the dipshits on the OT will keep sweeping and simping for the ownership class hoping for crumbs. lmao.
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