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Ahh yes. "well paid". FACT. as a % of profits the money paid to employees is at a all time low. So "paid lots of money" is relative. and the reality is that that % is falling.
Some business offer shares and generous salaries to valuable employees that are creative. However, this is more common among millenial small business owners to attract talent.
Poor salaries are more common in huge corporations where the folks that run the business are also employees with the goal of maximizing profits for the investors.
Quite often lawyers and physicians are offered partnership, but this is also unlikely in very large firms.
There is an undercurrent of stress and submissiveness to the company and most adapt to this. But, quite often the business owner is also stressed and subservient to the market or clients of the firm.
Is that all there is to work? Even professional golfers and rock and roll stars get tired of the daily grind.
In the meantime we worry about the salary of those that are bottom feeders.
Ahh yes. "well paid". FACT. as a % of profits the money paid to employees is at a all time low. So "paid lots of money" is relative. and the reality is that that % is falling.
Ahhh, so now employee salaries are to be determined by a % of the profits the companies "earn"..
says who? And does this mean non profits shouldnt pay their employees anything?
Employees are free to choose what companies they work for, and under what terms they think are fair.
Something which seems to be mind blowing to you, is common sense for the rest of us.
It is common sense to me too, but you do not seem capable to look beyond this. I have zero issues with capitalism and the free market. But, as you know I despise crony capitalism because it only favors a few and there is no wealth creation. There is no true open market competition and it leads to monopolies that would never exist in a truly open market.
Furthermore, true capitalism leads to higher wages and a higher standard of living for all. We are not there yet because we are a very primitive barbaric society.
In a true open market where the government plays no favorites everybody wins------even those with no skills. And for those that have wealth they eventually reach a point where more wealth is redundant. But, we are not there yet!
Social programs are usually the end result of successful capitalism. Socialism creates nothing! Only capitalism creates wealth and when wealth is redundant everybody wins.
It is common sense to me too, but you do not seem capable to look beyond this. I have zero issues with capitalism and the free market. But, as you know I despise crony capitalism because it only favors a few and there is no wealth creation. There is no true open market competition and it leads to monopolies that would never exist in a truly open market.
Furthermore, true capitalism leads to higher wages and a higher standard of living for all. We are not there yet because we are a very primitive barbaric society.
In a true open market where the government plays no favorites everybody wins------even those with no skills. And for those that have wealth they eventually reach a point where more wealth is redundant. But, we are not there yet!
Social programs are usually the end result of successful capitalism. Socialism creates nothing! Only capitalism creates wealth and when wealth is redundant everybody wins.
Once again I ask you WHO is it, defending crony capitalism?
If you have more questions, might I suggest googling it?
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