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Get off the couch, go back to school or take night classes, increase your education, obtain better skills or improve the ones you have but most important, spend the time you waste on the Internet complaining and do something about the situation.
You can always negotiate a wage. You see, no one forces you to work for a certain employer. Go to a different potential employer and negotiate there.
If you don't know how to negotiate for your compensation, THAT IS THE PROBLEM, not what some CEO figured out before you did.
If most people can't figure out how to negotiate their compensation, then they deserve exactly what they get. Knowledge and skills can be obtain for free if you get off your butts and do something more than pound away at the keyboard complaining.
NO YOU CAN'T! If you only have low wage jobs being offered, you take that or get nothing. The only thing you can do is make two peanuts compared to one and a half. To act like EVERYONE can negotiate is a lie and all of you of the opinion you can negotiate wages KNOW IT. You just believe it doesn't but you know that if you only get offered one job out 10 you put into, you have no leverage to say, "I can go elsewhere." The company will just laugh at you and re-neg the offer and give it to the BATNA.
For what is wanted from jobs, knowledge and skills aren't always free. Say Microsoft Office training at low expense. Most computers only come with free trials now, not the software or in the very least the passcodes. Libre Office and Open Office are free substitutes but do not offer everything. I've used them, taking a Microsoft Office training course on free substitutes, don't work. Yes I can do basic word processing and also spreadsheet all the same BUT they wouldn't help you if the job requires certification from Microsoft courses.
Nope--people are not being paid what they are worth. Based on the quality and results--- of many lower paid people (and what they would be paid elsewhere in the world), they are way over paid. Time to reduce their pay to a more appropriate level.
Quip all you want about what CEOs earn. It is the way it is because shareholders believe they are getting value from giving the high compensation to them. If you believe that this is ineffective, become a significant shareholder in a company and pitch your own ideas for incentivization to maximize share value.
Quip all you want about what CEOs earn. It is the way it is because shareholders believe they are getting value from giving the high compensation to them. If you believe that this is ineffective, become a significant shareholder in a company and pitch your own ideas for incentivization to maximize share value.
Um...don't the Board of Directors determine the pay?
The Board of Directors is generally made up of other career executives so they all sort of have a vested interest in CEO salaries going up. But to answer the thread title, pay is based on leverage, not deservedness.
Um...don't the Board of Directors determine the pay?
And the board of directors is nothing but a big circle-jerk of overpaid clowns sitting in on each other's boards and voting each other huge pay raises. This notion that the "common man has a say in how business is run" is utterly laughable. If every department in every corporation was run like a board of directors, everyone would basically stand in a circle and vote the guy to their left a pay raise every year - it's a joke, and there's no accountability at the top... instead, the working class gets thrown under the bus every time executives "need" a bigger bonus.
Honest pay? What exactly is honest pay? What is dishonest pay?
Honest pay is getting paid what you are worth.
Quote:
Originally Posted by Mack Knife
Oh please, more
Get off the couch, go back to school or take night classes, increase your education, obtain better skills or improve the ones you have but most important, spend the time you waste on the Internet complaining and do something about the situation.
You can always negotiate a wage. You see, no one forces you to work for a certain employer. Go to a different potential employer and negotiate there.
If you don't know how to negotiate for your compensation, THAT IS THE PROBLEM, not what some CEO figured out before you did.
If most people can't figure out how to negotiate their compensation, then they deserve exactly what they get. Knowledge and skills can be obtain for free if you get off your butts and do something more than pound away at the keyboard complaining.
You don't understand life. Everyone can't go to school, everyone can't be a professional because then we don't have any low skill workers, just educated people flipping burgers.
Negotiate a wage at FedEx where I work and they'll kick you out the door and hire the next person who doesn't mind making $16/hr.
I read an article once where the author referred to CEO pay as "rent" (cannot find the article right now).
Basically CEO pay is like a cold war type scenario, where the pay constantly tops another pay for no real reason other than to top more pay, like a never ending market bubble.
The CEO's getting this pay would all do the same job at 20% less, or even 50% less than what they get now. There is no other position available that would still even give them 80% of what they get now, except....you guessed it, except if another company gives it to them, hence why the constant rise in compensation.
It is like a pro basketball player; the NBA could cut everyone's salary by 50% and every single person will still play, you know why? Because there is no other job out there that pro basketball players can do that would even come close to what they would make at 50% of their current salary.
Same with CEO pay; there is no other position out there that compensates a CEO even at 50% levels for many of them, it is not like they are going to jump ship, they still will make more than any other position allows, except of course another CEO position (it is a circle). Not only is there the compensation of a CEO, but more importantly, the power that comes with it.
I am not ranting against the pay, as long as my money we agreed to is sitting in the bank every pay check, the CEO can go make a thousand percent of the average salary for all I care. The public if they really cared can take action by simply boycotting the company's product.
One quick answer is to reduce the labor pool, this would cause labor prices to rise, of course housing will at away at any savings; some people strive their entire lives to get out of the ghetto, thus any rise in income will allow them to get out, but that puts pressure on the housing market (see any large city for an example, ghetto areas cheap, the few nice areas absurdly expensive, complete with roommates and everything). The gov of course could assist in doing away with these ghetto areas where people strive to get out of...
The only thing that ever irritates the heck out of me regarding CEO or anyone's pay is golden parachutes; I have no idea why any company agrees to this other than those making these decisions are getting favors in return for this absurdity. Golden parachutes make absolutely no incentive for someone to succeed at their position; it is basically stating no matter how poor of a job you do, you are still going to come away with millions of dollars. Absolutely ridiculous.
Another area of interest with this argument is in our Federal Government. There's a blank check for them to continually write themselves more and more pay and vacations and less workload. So I would argue that the public sector mirrors the private sector in many ways when it comes to the rich getting richer.
How much stock does the average employee own in the business he works for?
Lots of CEOs are stockholders; meaning they have skin in the game. When the average guy can swing that the average guy can enjoy the perks. The federal government is but an overpaid white collar version of welfare. If you don't believe it move to the DC area. The largest employer in the state of MD is the federal government. Whether or not if you work for them directly the money in your paycheck comes from them in some manner.
And the board of directors is nothing but a big circle-jerk of overpaid clowns sitting in on each other's boards and voting each other huge pay raises. This notion that the "common man has a say in how business is run" is utterly laughable. If every department in every corporation was run like a board of directors, everyone would basically stand in a circle and vote the guy to their left a pay raise every year - it's a joke, and there's no accountability at the top... instead, the working class gets thrown under the bus every time executives "need" a bigger bonus.
I don't think it's quite that cynical. I think those sorts of people have a lot of sympathy for others like them. While they might question why a plumber is worth $50/hr, they see the CEO as someone like them, and so the CEO's value is subconsciously bound up in their own sense of self-worth. They are probably honestly trying to pay the CEO what they consider a fair value, within the scheme of their biased worldview.
That all amounts to the same result in the end, of course.
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