Yes, people are prone to take advantage of wiggle room - and people are prone to overspending and living out of their means.

tbh i'm against minimum wage

or a living wage

or benefits

Does it make sense that people who work as hard (or harder) than others get paid less?

food stamps i'm happy with

The Walmart CEO isn't working thousands of times harder than his employees.

Why is he getting paid thousands of times more?

@Dr.Cosby you mean in a hierarchical sense?

he's more valuable to the company in theory

i.e. there's only 1 ceo

I understand that market conditions regulate salary (for the most part) - if the CEO wasn't "worth" that much, the company (or board of directors or stockholders or w/e) should be able to find a cheaper employee, right?

But somehow this doesn't end up working so well

In fact, it ends up working in a disgusting and immoral manner

I'm not a specialist on the matter, but you don't have to be to see how bad it is

I think ultimately, people in those positions get there due to pure luck. Whether through family connections (as is usual) or other means

of course there's a massive imbalance and its only been increasing

so they need to moderate CEO pay

whether one can enforce that or not

...

difficult

Okay, so minimum wage is a different topic? I mean, it sort of is

But if you start regulating the "upper bound" on what is a reasonable wage for certain positions, why not a "lower bound"?

GG @Dr.Cosby, you just advanced to level 3!

If it's ridiculous for a CEO to earn thousands of times what his employees earn, isn't it ridiculous for employees to earn not enough to...live?

i think they are two different issues

Perhaps you have a more fancy version of fixing the problem

regulating CEO pay does not impact a large proportion of the lower skilled workers

in the way that minimum wage goes

But without overhauling quite a few systems, I don't see a better solution than increasing minimum wage (both to compensate for inflation, as well as realistic economic opportunities in the places where they live)

Yeah, simply cutting CEO pay isn't going to do much, sure

increasing wages artificially doesn't solve anything

you know why?

if everyone on the bottom rung is earning more....

the market will adjust and everything that person needs to survive will go up in cost

due to capitalism taking advantage of the "extra cash" available

sorry i'm talking more in terms of universal income

I'm also for universal basic income

more that artificial wages disrupt the natural cost of workers

so the market should dictate the labour cost

this is a good thing because it helps small businesses grow