Message from @Dr.Cosby
Discord ID: 603909161448767488
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"?
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
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
if the small business has to pay the same labour overheads as the big business
who do you think can compete better?
that were labour being a massive cost to a particular business
there is also a problem where the person who wants the job is more then happy to accept a certain wage if the business can make another job available due to the lower cost of worker
and that job wont be available due to the minimum wage
I agree about the free market regulating things, for the most part. However, when a particular wage isn't enough for "living", isn't that enough reason to set a boundary?