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“There are only two kinds of people, those who accept dogmas and know it, and those who accept dogmas and don’t know it.” – G. K. Chesterton - The Mercy of Mr. Arnold Bennett, Fancies vs. Fads
We can choose to pay our ceos much more than our employees and deal with the consequences or we can choose to pay or ceos less and have a stronger economy and less social issues. I'm not going to pick a number. I'm going to say less.
Redistributing wealth does not lead to a stronger economy. In fact I would argue that income inequality leads to a stronger economy. Obviously there are some CEO's that are vastly overpaid. It is the very distinction between white collar and blue collar that should motivate people to work harder. I quite honestly don't understand why it doesn't. I personally like to work hard. Do I enjoy my job? Not really but it pays well and will open doors in the future. Sure I could be a blue collar worker, punch in 9-5 or 9-7 and put 2 pieces of widgets together on the assembly line but I realize that is a dead end job. So to say you need to take pay away from upper management and redistribute it to people "just because" is not logical. The free market should determine wages (however there should obviously be a minimum wage).
If being a CEO was an easy job it wouldn't pay well. Just the same, if working a blue collar job took a lot of skill it would pay well. I am sorry, but life isn't fair so in my opinion if you want more money you need to earn it. And yes I will agree SOME CEO's do not deserve their compensation but I believe they are the exception, not the rule.
Redistributing wealth does not lead to a stronger economy. In fact I would argue that income inequality leads to a stronger economy.
Alright, make your argument.
With regards to CEO being a difficult job so the market assesses it's value accordingly - you're assume the market isn't being perverted by cronyism, nepotism along with other standard market failures.
I've posted all this before (one of them in this thread), but apparently you need to read up.
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“There are only two kinds of people, those who accept dogmas and know it, and those who accept dogmas and don’t know it.” – G. K. Chesterton - The Mercy of Mr. Arnold Bennett, Fancies vs. Fads
All that shows me is that if you the is income inequality the are more health problems. How does that support your strong economy argument?
As for the other post I will have to take a look tomorrow.
Social mobility is important to an economy.
Math and Literacy rates effect the quality of our labor market.
Imprisonment, Homicide, Infant mortality, and Life expectancy effect the quantity of labor market.
Trust rates are vitally important to our economy.
The rest is in Umami's links.
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“There are only two kinds of people, those who accept dogmas and know it, and those who accept dogmas and don’t know it.” – G. K. Chesterton - The Mercy of Mr. Arnold Bennett, Fancies vs. Fads
cherry picking the most profitable companies in the most productive country
Quote:
Originally Posted by gonzo's source
To determine 2011 pay packages, the AP used Equilar data to look at the 322 companies in the S&P 500
Seems my point is very accurate.
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Overbear: better 10 innocent men be convicted, than a single guilty man go free to commit more crime. Overbear: I prefer that I be given a license to shoot anyone who would pick socialism or communism over the basic freedoms inherent to consumerism. MatrixBaller04 AKA EricS6661: I can guarantee something will happen between now and February 9th. yesme: i'm not saying you should invest in gold first off, you would be much better off to invest in food,stuff you use and will keep for a couple of years, like razors Blake360: in highschool, my teacher's father worked for the CIA and she brought my class documents proving the Roswell crash was of extraterrestrial origin.
Cherrypicking is bad. Equating salaries with compensation is also bad. Two wrongs do, in fact, not make a right.
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“There are only two kinds of people, those who accept dogmas and know it, and those who accept dogmas and don’t know it.” – G. K. Chesterton - The Mercy of Mr. Arnold Bennett, Fancies vs. Fads
I never equated salary with compensation like dividends or performance pay. I said average CEO salary is around $180k/yr (with labor department statistics) simply because you're cherry picking the compensation of the largest companies in the world to make a point. If you were more descriptive and articulated your argument correctly, you wouldn't be in need of fact checking. Those figures you posted are from essentially chain email. Don't need to steep that low, do we?
I do like, however, that gonzo took on the responsibility of combating labor department statistics. Never stops at a chance to reinforce the ideologue appearance.
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Overbear: better 10 innocent men be convicted, than a single guilty man go free to commit more crime. Overbear: I prefer that I be given a license to shoot anyone who would pick socialism or communism over the basic freedoms inherent to consumerism. MatrixBaller04 AKA EricS6661: I can guarantee something will happen between now and February 9th. yesme: i'm not saying you should invest in gold first off, you would be much better off to invest in food,stuff you use and will keep for a couple of years, like razors Blake360: in highschool, my teacher's father worked for the CIA and she brought my class documents proving the Roswell crash was of extraterrestrial origin.
Last edited by AlphaNeo36 : 11-06-2012 at 02:18 AM.
Wages for the OES survey are straight-time, gross pay, exclusive of premium pay. Base rate; cost-of-living allowances; guaranteed pay; hazardous-duty pay; incentive pay, including commissions and production bonuses; and tips are included. Excluded are overtime pay, severance pay, shift differentials, nonproduction bonuses, employer cost for supplementary benefits, and tuition reimbursements.
Most studies use Execucomp rather than BLS because it is more accurate, taking into account all sources of compensation. For example BLS would undercount Tim Cook's compensation by a factor of about 400.
Quote:
Originally Posted by AlphaNeo36
I never equated salary with compensation like dividends or performance pay. I said average CEO salary is around $180k/yr (with labor department statistics) simply because you're cherry picking the compensation of the largest companies in the world to make a point. If you were more descriptive and articulated your argument correctly, you wouldn't be in need of fact checking. Those figures you posted are from essentially chain email. Don't need to steep that low, do we?
Come now. Executive compensation is regularly the topic of legitimate reportage and analysis. This is nowhere near chain email material.
So, then what's the average total compensation for all executives? Notice how I said all and not a handful of Fortune 500 companies.
Quote:
Originally Posted by TheSilentAssassin
Country Ratio of Pay: CEO to Average Worker
Japan 11:1
Germany 12:1
France 15:1
Italy 20:1
Canada 20:1
South Africa 21:1
Britain 22:1
Mexico 47:1
Venezuela 50:1
United States 475:1
That is chain email material. Google it and all you'll find is hundreds of ctrl+v throughout the internet, void of facts or sources.
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Overbear: better 10 innocent men be convicted, than a single guilty man go free to commit more crime. Overbear: I prefer that I be given a license to shoot anyone who would pick socialism or communism over the basic freedoms inherent to consumerism. MatrixBaller04 AKA EricS6661: I can guarantee something will happen between now and February 9th. yesme: i'm not saying you should invest in gold first off, you would be much better off to invest in food,stuff you use and will keep for a couple of years, like razors Blake360: in highschool, my teacher's father worked for the CIA and she brought my class documents proving the Roswell crash was of extraterrestrial origin.
In an ideal world corporations would be employee-owned, so corporate pay would be determined by those with a long-term stake in the company.
Employees don't necessarily have a long term stake in the company for which they work. Do you think Kohl's clerks (for instance) have a long term interest in the company?
custar
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Are the Geisterjagers over the top?
Well, let's just say "The Top" is barely a speck in our rear view mirror.
"That the said Constitution shall never be construed to authorize Congress to infringe the just liberty of the press or the rights of conscience; or to prevent the people of the United states who are peaceable citizens from keeping their own arms..."
Samuel Adams
Ave Caesar Obama! Tributituri ad moritus te salutant.
Employees don't necessarily have a long term stake in the company for which they work. Do you think Kohl's clerks (for instance) have a long term interest in the company?
custar
Then again ownership stake would reflect pay (position on corporate ladder) and tenure.
Then again ownership stake would reflect pay (importance) and tenure.
Would or could? How would a buy-in work for a clerk, stocker, etc. work?
Also, is anything actually stopping people from implementing this model of corporate ownership today?
custar
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Are the Geisterjagers over the top?
Well, let's just say "The Top" is barely a speck in our rear view mirror.
"That the said Constitution shall never be construed to authorize Congress to infringe the just liberty of the press or the rights of conscience; or to prevent the people of the United states who are peaceable citizens from keeping their own arms..."
Samuel Adams
Ave Caesar Obama! Tributituri ad moritus te salutant.
Would or could? How would a buy-in work for a clerk, stocker, etc. work?
Also, is anything actually stopping people from implementing this model of corporate ownership today?
custar
Employee stock compensation I suppose. No, nothing stopping people from doing this, other than a sane growth model that might make them vulnerable to market manipulation by wealthier competitors. There are many companies out there that run this way: http://www.nceo.org/articles/employee-ownership-100
Why do we allow Democrats to RUN on a platform where they are taking our money and giving it to others when WE worked for that money?...
Even kids can see through that logic, and yet, people still vote for those money grubbing liberals who want to take YOUR money and give it to their friends.
I don't understand it either. The funny thing is, everyone has the ability to pay more taxes. Write bigger checks to the government if you'd like to pay more taxes, but don't make us all? I was talking to a friend that's a Democrat. He believes everyone should pay more to the government. I said then you lead by example and pay more of your paycheck. He laughed.. Hypocrite wants more taxes for everyone but won't pay more himself. I'm a 19 year old college student and I understand the logic behind all of this
I don't understand it either. The funny thing is, everyone has the ability to pay more taxes. Write bigger checks to the government if you'd like to pay more taxes, but don't make us all? I was talking to a friend that's a Democrat. He believes everyone should pay more to the government. I said then you lead by example and pay more of your paycheck. He laughed.. Hypocrite wants more taxes for everyone but won't pay more himself. I'm a 19 year old college student and I understand the logic behind all of this
It's very easy to "understand the logic behind it all" when you just simplify it to moronic levels and then miss the entire point. Politics/economics is a very complex and difficult arena. I am sick of this "it's really simple; taxes are bad" attitude.
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“There are only two kinds of people, those who accept dogmas and know it, and those who accept dogmas and don’t know it.” – G. K. Chesterton - The Mercy of Mr. Arnold Bennett, Fancies vs. Fads
taxation is theft, coercion, and force. You wouldn't go to your neighbor's house steal 20% of their yearly income worth of stuff, pawn it and give the proceeds away to various interest groups you deem needy. Why is it okay for you to vote for a government agent to do it then?
Its cowardly and lacks compassion.
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"Originally posted by pokenose: We quit doing that secret Santa thing after the black guy got a bucket of fried chicken, watermelon jolly ranchers, a bottle of colt 45 and a cotton scented candle then someone else got a ball of that free twine you tie down your items with at ikea and a vibrator so you can go **** yourself if you didn't like the twine."
taxation is theft, coercion, and force. You wouldn't go to your neighbor's house steal 20% of their yearly income worth of stuff, pawn it and give the proceeds away to various interest groups you deem needy. Why is it okay for you to vote for a government agent to do it then?
Its cowardly and lacks compassion.
Try ... because it's explicitly authorized by the constitution?
Gimme a freakin' break with this bull**** antitax rhetoric. Taxes are how governments are funded. This is an elementary school level concept and it is not up for discussion.
taxation is theft, coercion, and force. You wouldn't go to your neighbor's house steal 20% of their yearly income worth of stuff, pawn it and give the proceeds away to various interest groups you deem needy. Why is it okay for you to vote for a government agent to do it then?
Try ... because it's explicitly authorized by the constitution?
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