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re: I’m anti-minimum wage increase...
Posted on 1/24/21 at 1:47 pm to RamboMizzou
Posted on 1/24/21 at 1:47 pm to RamboMizzou
quote:How about everyone gets a 0.5% raise?
Should the other employees within the company fairly expect a 19% increase in salary as well just to keep it balanced?
0
Posted on 1/24/21 at 1:51 pm to RamboMizzou
Hardly no one, other than people just entering the workforce of those getting out of jail or addiction, earns minimum wage. This include part time workers, teens etc. less than 8 % of teenage workers earn minimum wage.
This is so fricking dumb
This is so fricking dumb
Posted on 1/24/21 at 1:53 pm to theronswanson
quote:
But CEOs can make profits by paying minimum wage and having low level employees on government benefit programs like food stamps and Medicaid. Should they be rewarded for doing that?
We should let the shareholders decide that...
Posted on 1/24/21 at 1:54 pm to theronswanson
quote:
But CEOs can make profits by paying minimum wage and having low level employees on government benefit programs like food stamps and Medicaid. Should they be rewarded for doing that?
No, they're rewarded for making the owners of the company money, period.
And very few people in the US make the minimum wage right now. The market has moved wages upward.
Posted on 1/24/21 at 1:54 pm to RamboMizzou
The market sets prices. Not government. If they do, there are consequences.
Why would you keep your company in the US if you have to sustain a 50-100% increase in labor cost, when you can go to Mexico or China and see a 300% decrease in labor costs?
Alll those jobs are gone.
Now add the corporate tax increases. This country will hemorrhage wealth and jobs.
Why would you keep your company in the US if you have to sustain a 50-100% increase in labor cost, when you can go to Mexico or China and see a 300% decrease in labor costs?
Alll those jobs are gone.
Now add the corporate tax increases. This country will hemorrhage wealth and jobs.
This post was edited on 1/24/21 at 1:56 pm
Posted on 1/24/21 at 2:00 pm to RamboMizzou
Companies are getting bigger and responsible for more employees.
Why does it matter supply and demand.
Also are u upset that the nfl league minimum stays about the same but superstars are getting higher and higher salaries....
Why does it matter supply and demand.
Also are u upset that the nfl league minimum stays about the same but superstars are getting higher and higher salaries....
Posted on 1/24/21 at 2:01 pm to TigerOnTheMountain
Most CEO "raises" come in the form of stock options that increase in value. Tying CEO compensation to stock prices is something meant to fix something called the principal-agent dilemma
Posted on 1/24/21 at 2:02 pm to RamboMizzou
Just what the green haired, pinko commie figs want is UBI.
Posted on 1/24/21 at 2:11 pm to BiteMe2020
quote:
And very few people in the US make the minimum wage right now. The market has moved wages upward.
Then why would raising the minimum wage destroy jobs?
Posted on 1/24/21 at 2:13 pm to theronswanson
quote:
Then why would raising the minimum wage destroy jobs?
Uh, because there are people making between the current minimum wage and the proposed new minimum wage?
Moron.
Posted on 1/24/21 at 2:14 pm to RamboMizzou
I’m tired of people having a complete lack of understanding of how economies work.
Posted on 1/24/21 at 2:17 pm to RamboMizzou
Are you a Marxist?
A minimum wage increase will only make them poorer.
Stop illegal immigration, and end offshoring. Those two policies would actually make working Americans richer.
quote:
makes it highly unreasonable for the bottom to see some kind of increase.
A minimum wage increase will only make them poorer.
Stop illegal immigration, and end offshoring. Those two policies would actually make working Americans richer.
This post was edited on 1/24/21 at 2:22 pm
Posted on 1/24/21 at 2:33 pm to RamboMizzou
Do you think CEOs just approve their own salary at whatever they want? Why are you attacking the CEOs for accepting their compensation and not the people setting their compensation?
Posted on 1/24/21 at 2:33 pm to RamboMizzou
quote:
But realize the hike of CEO pay of 105% the last 10 years is a major problem and makes it highly unreasonable for the bottom to see some kind of increase.
Literally the rich keep getting richer while people on the bottom are the “problem” when it comes to inflation. Something has to give. Last year alone CEO’s saw a increase of 19% on average. That’s insane.
Lebron can make 40 million...that is OK.
Pat Mahomes can make 45 million...that is OK.
But when a CEO, who has a ton of responsibility and has thousands under his/her charge, makes 40 mil in salary...that is not OK.
I don't get how some of you think. Puzzling.
As some have pointed out, a lot of these CEOs are paid partially in stock options. As long as the market is on fire and stocks rise in value, some of these CEOs will make a lot of $$$.
This post was edited on 1/24/21 at 2:34 pm
Posted on 1/24/21 at 2:37 pm to RamboMizzou
quote:
But realize the hike of CEO pay of 105% the last 10 years is a major problem
Just because you’re jealous doesn’t make theft right.
You want to know what the biggest problem is? National corporations destroying local businesses.
Home Depot
Walmart
Amazon
CVS
All killing local businesses and replacing small family owned businesses that care about their employees and communities with soulless companies that employ people at the bare minimum and don’t give a shot about their employees or community.
Posted on 1/24/21 at 2:39 pm to Nguyener
quote:
You want to know what the biggest problem is? National corporations destroying local businesses.
Yep. It's NOT competitive capitalism to give Home Cheapo a 10-year tax abatement for building a store while you don't give the local lumber yard or hardware store the same benefit. That's cronyism.
It's disgusting.
Posted on 1/24/21 at 2:41 pm to TigerOnTheMountain
Profits have been flat inflation adjusted since 2008
Posted on 1/24/21 at 2:42 pm to RamboMizzou
How much does Lebron make?
How about the guy selling peanuts while Lebron plays?
This is a weird thread.
Take 19% of that CEOs pay. Divide it by 20k employees and give them all an equal share in the form of an hourly wage increase? How much is that?
How about the guy selling peanuts while Lebron plays?
This is a weird thread.
Take 19% of that CEOs pay. Divide it by 20k employees and give them all an equal share in the form of an hourly wage increase? How much is that?
This post was edited on 1/24/21 at 2:46 pm
Posted on 1/24/21 at 2:43 pm to RamboMizzou
quote:
The increase in salary for a CEO in the last YEAR was 19%.
That’s highly unbalanced.
So what?
The CEO is not interchangeable. Workers down around minimum wage are.
You either never had an econ course or you slept through it.
Posted on 1/24/21 at 2:44 pm to RamboMizzou
here's a little math
Exxon CEO total comp - $23.5 MM
Exxon Employees - 75,000 total employees
Avg Salary - $100,000
If you took all of Darren Woods' salary and divided it equally amongst his employees they would each get....
$313 / year
And you'd lose all incentive for a CEO to keep their company competitive
Exxon CEO total comp - $23.5 MM
Exxon Employees - 75,000 total employees
Avg Salary - $100,000
If you took all of Darren Woods' salary and divided it equally amongst his employees they would each get....
$313 / year
And you'd lose all incentive for a CEO to keep their company competitive
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