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Started By
Message
re: Updated CEO pay OP: CEOs earn 3.8 times average worker
Posted on 10/2/14 at 5:41 pm to NC_Tigah
Posted on 10/2/14 at 5:41 pm to NC_Tigah
quote:
WTF difference does it make if a CEO is making 3X or 10X or 100X or 100,000X std worker income, as long as workers are doing better than their piers?
Well, a dollar can only be spent once. In theory, every dollar of CEO pay can be spent on worker pay, right?
So let's say Joe CEO makes $10 mil a year at a company that pays avg workers 40K a year, and there are 100K workers. If we reduce Joe's pay to 500K a year, that's 9.5 million that can go to worker pay.
That means each worker would get an additional $95 per YEAR in wages. Woo hoo.
But remember, unions and democrats don't like math.
1
Posted on 10/2/14 at 6:14 pm to LSUFanHouston
quote:That equation is driven not by looking at "the other guy" but by looking at yourself. You are either satisfied with your situation, or you're not. PERIOD! That is it!
Well, a dollar can only be spent once. In theory, every dollar of CEO pay can be spent on worker pay
Don't focus on the "other guy" unless (1) you are certain you are capable of doing his job, (2) you are certain you are capable of doing his job better than he can, (3) you are certain you can convince his superiors you are capable of doing his job better than he can, (4) you are certain you are worth more per unit of work than you're currently compensated.
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