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Why does it matter what the CEO makes as long as the workers get paid "fairly"? Walmarts CEO made 35 nillion. They have around 2.3 million employees. Give them the CEOs money and they get each get $15.
Why does it matter what the CEO makes as long as the workers get paid "fairly"? Walmarts CEO made 35 nillion. They have around 2.3 million employees. Give them the CEOs money and they get each get $15.
Shouldn’t “fairly” be determined between the employee and employer not some government officials with guns in their hands pointing at the employers?
Shouldn’t “fairly” be determined between the employee and employer not some government officials with guns in their hands pointing at the employers?
Yes it should, but a single employee has absolutely no ability to negotiate with the owner/manager of a large company. Labor unions are very good at that but since Reagan was in office the right has been doing everything they can to get rid of or neuter labor unions so now you are left with employees being forced to accept whatever the employer offers.
Given that a few large companies now have virtual monopolies on various industries they are able to set wages without concern about other firms competing against them for labor. Also, sectors such as fast food now engage in collusion to prevent them from having to compete against one another for wages. Google monopsony if you aren't familiar with that
Why does it matter what the CEO makes as long as the workers get paid "fairly"? Walmarts CEO made 35 nillion. They have around 2.3 million employees. Give them the CEOs money and they get each get $15.
Why should taxpayers pay for a Walmart employee's food stamps when their CEO is making 35 million? Not to mention the corporate welfare we are giving them.
Come on guys; this is just stupid.
Walmart employees qualify for food stamps that WE pay for! Same with Bezos and Amazon - we pay for HIS employees food stamps too while he lives like a king and then some.
NOT to mention all the tax breaks Amazon demands when they come to your town; we subsidize that as well.
Yes it should, but a single employee has absolutely no ability to negotiate with the owner/manager of a large company. Labor unions are very good at that but since Reagan was in office the right has been doing everything they can to get rid of or neuter labor unions so now you are left with employees being forced to accept whatever the employer offers.
Given that a few large companies now have virtual monopolies on various industries they are able to set wages without concern about other firms competing against them for labor. Also, sectors such as fast food now engage in collusion to prevent them from having to compete against one another for wages. Google monopsony if you aren't familiar with that
Define "large company" please.
A single employee is a human, not a soulless machine. He or she is fully capable of negotiating his or her fair pay. If he doesn't think the pay is fair, go work for a different company or start his own business.
Why should taxpayers pay for a Walmart employee's food stamps when their CEO is making 35 million? Not to mention the corporate welfare we are giving them.
Come on guys; this is just stupid.
Walmart employees qualify for food stamps that WE pay for! Same with Bezos and Amazon - we pay for HIS employees food stamps too while he lives like a king and then some.
NOT to mention all the tax breaks Amazon demands when they come to your town; we subsidize that as well.
It's BS.
Let's stop food stamps and subsidies then. Food stamp is the modern slavery as people who don't pay taxes rack in all the benefits of taxpayers.
First of all, the big difference between CEO pay and athletes pay is that the market is actually working to dictate what the athletes make. These are literally the best people in the world at their job. You couldn't hold an open casting and get the same production with someone that you could pay less. That's not the same with the CEO and the lot of highly paid Executives. They get where they are from connections not from sheer talent.
The networking game that people play to get ahead is the complete opposite of how athletes earn their pay.
Your entire point hinges on your unsupported claim that the entire CEO universe across a diverse array of industries, companies, sizes is devoid of competition.
Hey, let's start with Steve Wynn who until stepping down recently over sexual harassment allegations was one of the highest paid CEO's.
Tell me exactly how this fits your narrative.
Up next....Warren Buffett.....
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