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This is exactly why CEOs earn 400 times workers' wages. They work 16,000 hours a week!
Most times CEOs earn big bucks because they are WORTH IT!!
It's not necessarily how HARD one works,...but how SMART one works.
Smart people know that it's not necessarily how much money one earns,....it's how much money one learns to keep that is important.
Why do liberals consistently bemoan what CEOs make, but never crticize Hollywood actors or professional athletes. Pro athletes make millions PLAYING A GAME,...and high dollar actors make mega bucks pretending to be someone else.
Then there are those who wish they were a pro golfer,...but are paid big bucks pretending to be the president.
This is not about me. I know this is what you'd rather discuss instead of disgusting conservative ideas that attack workers as lazy and blah, blah, blah.
conservatives hate. The conservative position is that workers shouldn't get more of the pie.
You are the only person showing any sort of hate in this thread.
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How does a worker prove they deserve more money? Do most workers know how much money their work cost versus the economic benefit it brings to the company? I'd say no.
...you do a cost/benefit analysis of your work and present to your boss why taking on extra responsibility makes more money for the company...
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Do most workers have any idea what their co-workers are making and their level of productivity, I'd say no.
Do most workers have any idea what managers make, the profits of the companies, the financial information of the company presented to them in how it relates to them. I'd say no.
How on earth does an employee not know how profitable their company is? Why isn't every employee reading their company's financial reports? Do you seriously not follow your company's finances?
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Finally, if a worker had all the relevant information that shows based on their performance they objectively deserved more money, they'd still have to negotiate with an employer who has more information and the ultimate veto.
Why would an employer veto a good idea that makes them more money? That makes no sense
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My solution to this problem I think is very simple.
Everyone's income within a company should be made available to every employee of that company.
This would force companies to explain to their workers the grotesque pay disparities between co-workers, and management.
No it wouldn't, it would do nothing but fuel jealousy and hatred among employees who cannot value their worth because they aren't knowledgeable to see how they fit into the big picture.
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I think employers who can't explain on an economic basis their pay structure should have to pay restitution to those workers whose incomes were artificially depressed.
Employers CAN explain the economic basis for pay structures. It is simply very counterproductive to show it to all employees.
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The system that is in place now gives all the cards to the employer, they know all the facts and most workers don't even know the salary of their co-workers.
How can a person realistically know how much they should get paid?
You actually do research. You study your company, your field and potential alternatives to your job. You value that work in terms of dollars saved or dollars earned. If you approach your boss and say you have an idea that saves the company $250k/year while asking for a $10k/year raise, no manager will ever say no to that.
But then again, this would force you to put effort in yourself instead of riding some government program or policy to get more money.
Most times CEOs earn big bucks because they are WORTH IT!!
BS. Most executives are way overpaid. Just to prove the point: even the CEOs of failing companies and banks are being paid big money. Nobody is worth $20-50M a year. If you look at pastimes, you will see that years ago, CEOs didn't make that much. Including those who managed companies like GE, GM and others. Its just a fashion trend of the last 30 years.
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It's not necessarily how HARD one works,...but how SMART one works.
Smart people know that it's not necessarily how much money one earns,....it's how much money one learns to keep that is important.
Why do liberals consistently bemoan what CEOs make, but never crticize Hollywood actors or professional athletes. Pro athletes make millions PLAYING A GAME,...and high dollar actors make mega bucks pretending to be someone else.
Agreed. I can't believe what these folks make. And again, in some sports teams stacked with overpaid athletes lose game after game. But since the bar was raised that high, its very difficult to lower it.
Debt was the problem there Sir. The last owners of Hostess took on more debt than the company they took over. Thus they were deeper in debt from the get go and the money they borrowed was supposed to be for newer and better equipment and for the most part they didn't buy equipment they increased the management salaries and gave them large bonuses to get their loyalty. That is pretty much how it went i am sure i might be corrected abit .
Actually, it was mostly a union that was the cause of Hostess' demise. Ironic, when you consider the typical union claim that it's there to protect the worker from the evil owners.
First, the unionized bakers were being paid almost twice the industry average.
Second, and far worse, the bankruptcy and liquidation was forced by one union that refused to accept some belt tightening measures that would have kept the company afloat and it's employees at work. Check this out. After Bankrupting Hostess, Union Parasites Rake In Federal Dough - Investors.com
Actually, it was mostly a union that was the cause of Hostess' demise. Ironic, when you consider the typical union claim that it's there to protect the worker from the evil owners.
First, the unionized bakers were being paid almost twice the industry average.
Second, and far worse, the bankruptcy and liquidation was forced by one union that refused to accept some belt tightening measures that would have kept the company afloat and it's employees at work. Check this out. After Bankrupting Hostess, Union Parasites Rake In Federal Dough - Investors.com
I am neither pro or anti union but what people need to understand is that a union is a business just like any other business. They are not your "brothers" and personally could care less if a "worker" lives or dies unless there is money in it for them.
But it was not corporations who insisted on welath sharing thru government by taxing corporations. Then it hard to tell since mnay benefits are not seen as compensation. The avrage last year that empoyers spent pre employeee o their cntirbt ution to healthcare insurance was 13K according to federal governamnt. Now that is not seen as income or are taxes paid o thsi compensation.
You are the only person showing any sort of hate in this thread.
...you do a cost/benefit analysis of your work and present to your boss why taking on extra responsibility makes more money for the company...
How on earth does an employee not know how profitable their company is? Why isn't every employee reading their company's financial reports? Do you seriously not follow your company's finances?
Why would an employer veto a good idea that makes them more money? That makes no sense
No it wouldn't, it would do nothing but fuel jealousy and hatred among employees who cannot value their worth because they aren't knowledgeable to see how they fit into the big picture.
Employers CAN explain the economic basis for pay structures. It is simply very counterproductive to show it to all employees.
You actually do research. You study your company, your field and potential alternatives to your job. You value that work in terms of dollars saved or dollars earned. If you approach your boss and say you have an idea that saves the company $250k/year while asking for a $10k/year raise, no manager will ever say no to that.
But then again, this would force you to put effort in yourself instead of riding some government program or policy to get more money.
That tells you nothing. Comparing incomes on salary.com or the vault or glass door doesn't give an employee any idea if they are being fairly compensated.
If companies were required to release the salary of every employee in the company that would give workers the information they need to more fairly gauge if they are being fairly compensated.
The secrecy of pay is so these disparities can exist without justification. More information is a great thing.
People are poor by choice. The decisions you make in life will effect your wealth and happiness.
It's really simple when you think hard about. Only going from experience.
The single biggest cause of bankruptcy in the US is from medical debt. Even those living within their means and on better than average incomes can be ruined by this.
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