The historic UAW strike puts an exclamation point on more than a decade of efforts by Washington lawmakers to narrow the pay gap between top executives and workers.
The historic UAW strike puts an exclamation point on more than a decade of efforts by Washington lawmakers to narrow the pay gap between top executives and workers.
This is really the problem. No one can convince me that being a CEO is 1400% more difficult now.
Had the shower-thought today: there are not enough reports of CEO suicides. Like, I assume the thing they’ll tell you about their job is that it’s hard to handle the stress of holding so many people’s livelihoods in your hands. But I don’t ever see CEOs getting fired for too many layoffs, and when they do get fired it kinda doesn’t matter because they’re so rich it doesn’t matter much. If it were true that it’s a difficult thing to handle, in any way that at all relates to the working class struggle, you think it’d have a high suicide rate. But it doesn’t…
Jobs aren’t paid based on how difficult or stressful they are
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Well they’re certainly not based on what value they bring, either, except maybe to themselves and the ever-useless shareholders.
If the people paying did not believe they were getting their money’s worth, they would stop paying that much. The problem is, the ceiling is set by whoever can realistically pay the most.
My entire point is that CEOs are obviously overvalued, due to the ability of extremely large firms to pay exorbitant salaries via stock. This creates a negative ripple downstream that hurts a lot of smaller businesses.
Is that why doctor are so under paid/s they aren’t based on skill or education?
Doctors are highly paid because they are scarce. You’ll note that surgeons in the UK, as an example, make about a third or less of what a US surgeon makes.
Our residency system, coincidentally, induces artificial scarcity of doctors