Can someone please tell me why the fuck CEO's make so much money? They never seem to ever be doing any hard work and it doesn't make sense that they make so much doing so little.
>>79780682
because only poor people think hard work is something you do with your hands.
I guess putting their company into a position that allows them to pay themselves that much isn't hardwork.
I forget that scanning items at Walmart requires such intensive labor and decision making that they deserve 25 dollars a second.
naturally one would assume that all there needs to be done is to become the CEO of a successful company
oh wait, that requires effort
>rich men always depicted with top hats
Only an un-gentlemanly pleb would depict them as such.
>>79780682
CEOs either own a company or own a large stake in its stocks. They make executive decisions like approving or disapproving an ad campaign or a new product of theirs.
They do a lot of work, with a lot of expensive shit on the line. That's like saying that a DMV worker should get payed the same as the fucking POTUS
>>79780682
The CEOs at my company work fucking hard. One of thems been doing over 12 hours a day for the last 3-4 weeks. You mad cuck ? How many hours did you work this week? Bitch
>>79780682
They either own the company (and are therefore entitled to its profits) or they have been selected by the shareholders to make them more money and are therefore compensated greatly for doing so. Yes they don't seem to be doing any "hard" work but they do still have a job.
unforuntary with the good comes bad also. many people make money from nothing, which is good freedom, but many people make money from connection and family, which is no good.
if you create something valuable, you deserve money. some guys just sit back and collect check though.
Because the free market sets the value of their labour at that price you pinko faggot. Embrace it.
work for 3 weeks, and buy a cow.
it'll pay itself off in 2 years.
>>79781037
Big deal. I know people that have been doing over twelve hours a day for 3 to 4 YEARS.
>>79780682
Well the CEO's boss is the board and the shareholders. And to them, $20m/yr is a round-off error. A few extra million in executive salary is worth it if you get someone even 5% better than the other guy, because the rise in the stock price will be more than you paid him. So there's a strong premium for the very best, and companies bid each other up for executives.
>>79781203
The problem with that logic is that it basically tells low wage earners that they are worthless. While this may make you feel better it ultimately encourages revolutionary behaviour among the lower classes.
>>79781215
but who was homogenize?
>>79781019
potus makes a relative shit salary.
>it's so hard going to meetings and dressing nice and playing golf with other rich fucks woe is me, the humble hardworking CEO
Revolution when?
>>79780682
>They never seem to ever be doing any hard work and it doesn't make sense that they make so much doing so little.
I'm not saying they deserve tens of millions in compensation, but if you think they sit around twiddling their thumbs all day doing nothing, you're a moron of the highest caliber.
They get paid what they do because the board of directors and shareholders think that the value they bring to the company is greater than their compensation. Same reason anyone within the organization gets paid.
>>79781287
Perhaps it's because they fucking are worthless
Figuratively anyone can flip burgers, and soon it'll be automated.
>>79781287
>implying low wage workers aren't worthless
>>79781246
Oh wow gollygee why don't you just suck their fucking cocks then, faggot?
>>79781415
>Figuratively anyone can flip burgers, and soon it'll be automated.
Correct, and this development has not been received well by (intelligent) policy makers who worry about the sustainability of the capitalist system.
>>79781324
If it's so easy why aren't you doing it?
>inb4 morals
>inb4 muh inheritance
>>79781426
>implying society could function without low wage workers
>>79780682
>Start a company by putting a bunch your wealth and property on the line
>Do well
>Grow
>Earn more
>???
>Profit
Actual business owners can tell you it's tough shit, especially in the beginning.
>20160.00/hr
>38,707,200/year
before taxes.
something tells me the average ceo doesnt do dat
also, isnt the net worth of jk rowling like 150mil?
why arent liberals asking for their precious holy cows to be slaughterd?
>>79780682
Because the board of directors decides CEO salaries and CEOs sit on each others' boards of directors. It's a giant circle jerk.
But, please, cuckservatives, keep pretending it's some invisible hand that sets everything right.
>>79780682
WEALTH IS NOT A ZERO SUM GAME
if a corporation doesn't generate wealth, NO ONE WILL GET THE MONEY OTHERWISE.
jesus fucking Christ, you're retarded
They run the business, they get the revenue. Aside from laws already in place they should be under no obligation to pay any higher than what they want to.
>>79780682
Because we let them. But they own the militaries, we can't do anything.
>>79780682
If it wasn't for the CEOs, most of the minimal and median workers wouldn't have jobs.
>>79780682
CEOs are responsible for huge amounts of money. Not only that but CEOs are responsible for massive amounts of people. Every decision they make isn't just effecting them, it's effecting everyone who works for them, which could be hundreds to thousands (to hundreds of thousands) of people.
Honestly this is the reason I see no problem with a mandated universal income. CEO cucks will defend their wages no matter what, but with automation there needs to be a way to get the wealth to trickle down. Reagonomics has only made things worse and there needs to be a way to stop these corporations from getting away with it.
You really think that McDonalds can't afford to pay their workers 20 an hour? Pro tip: they can, they simply choose not to. This is the failure of capitalism and something that anarcho capitalists need to own up to.
>>79781751
In a global economy it basically is. A company can easily reinvest profits far away from their origin. For instance, while Europe and America have been stagnating the Chinese economy has been exploding.
>>79780682
>never seem to ever be doing any hard work
i got a short tour of tesla's factory in Fremont once, and i can tell you that's absolute fucking bullshit
Musk apparently works between 100 and 120 hours every single week on both companies, and that's just time he gets paid for. he's been known to answer emails at 3:30 AM while everyone is still asleep.
why are you whining about not getting paid much if you just want to work for 38-40 hours and go home while the CEO is literally camping in his own building due to time constraints not allowing him to drive home?
>>79781544
people make minimum wage because they are too dumb or lazy to make more than it or save/invest their money
>>79780682
>Can someone please tell me why the fuck CEO's make so much money?
Because you let them.
>>79781246
They do more like fourteen hours cucko. I do 12 hours and they're here before and after I leave. Working at mc dicks for 12 hours a day for 4 years is just stupid
>>79781922
Musk is a con artist who uses government grants and financial jewry to run his "businesses." He is a bad example.
>>79781817
>>You really think that McDonalds can't afford to pay their workers 20 an hour? Pro tip: they can, they simply choose not to.
Labor is about 30-40% of the total costs of a typical fast-food place. Double that cost and over half of all franchises would lose money.
Which means they close, and now you have a few workers making more than they were, and a lot of other workers with no job at all.
>>79781990
That's not an argument.
>>79781990
>WHY DON'T THE POOR JUST MAKE MORE MONEY
>>79780682
People get paid according to the amount of value they are likely to create.
![Cl79Y2F[1].jpg](https://i.imgur.com/PVtCUXu.jpg "Cl79Y2F[1].jpg")
>>79782028
This
>>79782028
>>79782194
>muh USSR
Russian "revolution" was a farce.
>>79782233
Except what actually happened in real life was explosive wage growth and a decades-long rise in the standard of living in the USSR, as well as a meteoric rise to international prominence and power after Russia being a joke empire for the past few centuries.
The stories and information posted here are artistic works of fiction and falsehood. Only a fool would take anything posted here as fact.
>>79780682
Aren't most CEOs just stockmarket faggots who have entire teams of execs doing all the real work? Don't they support the global Jewry and fiat currency manipulation that makes wages low and debt high in the first place?
Aren't they the kinda kike pieces of shit /pol/ wants to see hang?
>>79782046
>government grants
spacex is running off NASA/USAF/USN/ contracts, which any company in the country would be eligible for if they could actually show off a platform. they are also running off commercial contracts which are exactly that, commercial contracts. the government isn't involved.
tesla isn't getting federal government grants, they're getting tax reductions (aka if you buy a model s you might get 5% of the car's worth off in tax for being a green little goyim) and state funding (do you know how many states want a gigafactory supplying 3,000 or more high skill jobs nowadays? they'll throw millions at it)
solarcity is running off investor capital, solar grants (again, the feds love you for being a green little goyim) and redistributed portions of already paid fees for the panel installations
>financial jewry
not really considering he drove his entire ""empire"" to within an hour of complete and total bankruptcy just to get it all to work during 2008
he's not a con artist, he's realized what the feds want and what he believes humanity should have, and he's dedicated his entire life to it.
>>79780682
work != value
>>79781990
That means they're dumb but that doesn't mean they aren't important
Do you think garbage trucks drive themselves?
I think the real reason is just how people value things. We're completely fine with most people making a small amount of money, then ask why can't we 'give' them more when the whole system is designed so that they provide more value than their worth by design.
So you're basically asking the company to sit at he end of their profits and tell them that they need to spread those profits around more, which absolutely no one in government or around the world disagrees with.
Its just a matter of 'how much profit should the people behind businesses be allowed to keep'?
You're crazy if you think that they seriously think that just eating the rich will save all the poor people forever. It will end the nation in a day.
Rich people keep everything running because they allow banks to let poor people spend money they don't have. Thats why America is the 'richest' nation, we own things of actual value and sell things that have less value.
Ask yourself why America is sitting on more oil than Saudi Arabia, better oil too, and isn't exporting it.
A controlled market is better than a market for any single group or industry. Berniefags want you to believe that some magic looting of the rich will fix the issues that face the poor when personality adjustment and financial decision making has a better track record.
>>79780682
Dunning–Kruger effect, just because something looks easy at face value doesn't mean it is.
>>79780682
>it's a "liberal cuck thinks CEOs sit at their desk all day smoking a cigar and laughing while a hot girl sits on their lap" episode
>>79781542
I work a trade and actually enjoy doing something that has value for people.
>>79780682
>They never seem to ever be doing any hard work
lol check out the retard who can't into Commerce or an MBA.
>>79782480
Furthermore, aren't they the same shitstains who lobby for increased immigration which further drives down working wages, and when that's done, outsource jobs to foreign countries, leaving millions unemployed?
Sure, you get the odd good one like Trump who wants to pay it forward, but even he admits to playing the game and exploiting every loophole possible to ensure his company was the best.
I'm not saying it's bad for them to make a lot since starting a small business from scratch and having it turn into a multinational giant is fucking hard work, but don't you agree they wouldn't be half as rich as they were if they weren't such kike-loving globalist faggots?
>>79781544
The problem is that there are so many people who can't do anything else that they will never earn shit.
You have 1000 people to hire for a job a monkey can do. Who do you choose? The person willing to work the cheapest or the person demanding 30 dollars an hour to be a human scan machine.
>>79782480
This. Most CEO's basically already have a team of people working under them. They basically just have to overlook what they do and sign the doted line to give their approval. People that actually believe CEO's do any real work are not being forthcoming and honest. In the CEO game it's more about who you know rather than what you do.
>>79782505
also as another note, the only reason Tesla and Solarcity aren't progressing as fast as SpaceX is because SpaceX is privately owned, while tesla and solarcity have investors.
musk drives Tesla and Solarcity as close to the brink as he can manage, and he's apparently already nearly driven spacex into bankruptcy multiple times just to get falcon 9 and falcon heavy going
he's going to ramp it up into overdrive once the MCT gets unveiled.
>>79782671
You wouldn't even have a job if somebody didn't hire you, genius.
>>79782558
>the whole system is designed so that they provide more value than their worth by design.
Fuck off Marxscum.
>>79782415
>>Except what actually happened in real life was explosive wage growth and a decades-long rise in the standard of living in the USSR
Why, then, was Boris Yeltsin so shaken in his faith in collectivism when he visited the US in 1989, where he saw an ordinary grocery store full of a huge variety of products? His own people didn't have that, and had to wait in long lines for basic staples, if indeed there were any to be had. Why did just seeing what everyday people got from capitalism destroy a great socialist leader's faith in socialism, if it was so great at raising people's standard of living?
>>79781748
Please keep pretending that socialism works.
Instead of raising the minimum wage why don't these cunts just start their own business? If it's such an easy job being a CEO then why don't they have at it? Oh right that requires hard work and ingenuity. Wolf and sheep, dicky boy, wolf and sheep.
>>79780792
Right? I work in a lumber yard and make 17/hr working 10 hour days. As long as you're up for the hard work, the reward is in for you.
would a wealth cap fix things?
Governments would cease any additional wealth that exceeds a certain margin. For example 200 Million. That excess would stack in a reserve that would still belong to the owner but not be allowed to do anything with it. The owner decides what to do with it and the government would either approve or disprove.
>>79782816
The commies are wrong about the solutions (lol no private property, totalitarian dictatorships etc.) but the system in its current form is most certainly rigged. The biggest companies get in good with government to make sure smaller ones can't get anywhere, and both actively work to fuck over the working man by supporting immigration and outsourcing valuable jobs.
Capitalism is fine. Government-sponsored capitalism is a nightmare.
>>79780682
>Why do people who get to choose their own salaries get high salaries?
Transitory market bubble. Value of CEOs is currently perceived as very high in the sort of social groupings frequented by boards of directors, just like rare pepes in the sort of social groupings you and I frequent. As long as boards of directors believe in the Great Man theory of success, they will pay inflated salaries in the hopes of luring a Great Man.
>>79780682
I live comfortably with a lot left over on $15/hr and I live in a decent sized apartment in a city. No public assistance needed or used because I live comfortably within my means.
If the market is forced to pay an arbitrary, artificially mandated price for labor, profit margin goes down and unemployment goes up.
Google "price floors" and educate yourself.
>>79780843
I don't make as much as CEO guy in the image but I do own a medium sized company which I inherited from my father and all I had to do was hire a guy to manage it as I collect profits Really I only work about two or three days a month and make quite a bit.
>>79782879
>1989
Literally 60 years after the revolution. The USSR stagnated due to political failures. If there had been a less repressive and more agile democratic government it would have been far more resistant to stagnation.
You're confusing the political failings of the USSR with an economic failing. A poorly managed economy will always fail no matter its structure. Think before you post.
>>79782976
>would a wealth cap fix things?
>would giving the government even more power over what a person makes fix things
Here's an idea: cut taxes, make it harder for foreigners to get in, and nationalize key industries.
>>79782095
You'd have even less workers making even less because there are thousands of experienced fast food workers looking for work.
The thing about corporations and CEO's too is that they are not liable for anything they do. They add fuel to the fire by sending all their money overseas and hoarding it instead of actually spending it and contributing it to economic growth.
The argument for universal basic income is this: if you redistribute the wealth to the actual people, they spend that money right away and it recirculates into the economy and passes through more hands. If you eliminate the universal basic income you basically lose all that money to offshore accounts and tax loopholes and you will never see it again.
>>79780977
Nice dubs
The irony from your post though
>>79783027
>t. someone who lives in the midwest
Don't deny it. I make that much here in Seattle so I know how far that goes.
>>79780682
Where's actors and professional athletes on that list? The CEO is an employer.
>$20,160.00/hour
KEK
>>79782993
It's amazing how much people will pay for fucking nothing.
>>79780682
>Gallon
here you go with your retarded measuring systems again
>>79783078
>would giving the government even more power over what a person makes fix things
Why would this even matter? it would only affect 0.44% of the entire population and the rich remain rich. Everyones fucking happy.
>>79780682
long story short: because they invested capital into the means of production and extract the surplus value generated by those who trade on their labour. The more efficient the organisation the more surplus value can be generated.
>>79780682
In a freer market, jobs are not an issue. There are usually more jobs than there are people. At that point businesses are competing with each other for labor, thus raising the wages of employees. The solution isn't more government price controls of labor, or more restrictions on what/where/how businesses can sell their products. The cost of simply starting a business has more fixed costs than they did in the early 20th century due to the burden of taxes, regulations, permits, zoning laws, etc. which means less people can afford to just "try" a business idea. Just try setting up a lemonade stand on a downtown street corner and see how long it takes before you get a citation or completely shut down because the government thinks your going to try and poison people with a shoddy product. It's fucking ridiculous, but this is what we've come to in America at least where people think that these regulations are in place to help people, but don't see the short term costs or the long term damage. And then they blame their wage stagnation on the greed of greedy CEOs and not government removing incentives to establish a business.
>>79783101
>irony
They're showing contempt for the mark of a gentleman, thereby outing themselves as a plebeian.
Find me an image of a top hat wearing rich smug from the last 100 years.
What do you think a CEO does, sits on a pile of money with his thumb up his ass? He is the reason the workers make ANY money to begin with.
>>79783050
>If there had been a less repressive and more agile democratic government it would have been far more resistant to stagnation.
Would have been impossible. Centrally planned economies necessitate some form of authoritarian rule, which in turn usually prevents any sort of civil society from forming, let alone function.
>>79782976
This is America. Get the fuck out of here with those retarded ideas. Should we also have a mandated cap on the number of cars you can purchase? Should we have a mandated cap on the amount of tv's you can sell on any given day?
Conservatives generally think that raising the taxes on workers and lowering it on the top earners (CEO's) will increase the wealth of that nation. Funny thing is though, last time I checked, CEO's themselves do not create any type of wealth. The wealth creation comes from middle income families that work the long hours and actually use their hands to create the goods and services that everyone enjoys. I am for more of a flat tax but I think CEO's that send their money overseas should be punished in some way they are never held liable.
>>79783148
that's about three large whiskey bottles.
>>79783096
I remember learning about limited liability in one of my upper uni classes and it made my fucking head spin how people could be so stupid.
Also, if you enforce universal basic income, you'll just have large companies moving abroad and you lose everything. Same goes with raising corporate taxes too high.
>>79783146
t. has no idea what CEO's do on a average basis.
>>79783305
This is a joke, right?
>>79783224
edit: obviously this only applies if the CEO owns the company, if we're looking at joint stock companies, it'll be because the board of directors/share holders believe the CEO generates more value than they cost
>>79783218
>Why would this even matter?
Because I don't trust the government to spend the money wisely, because they don't.
>>79780682
It's because they are able to set their own salaries and are greedy. For example, Japanese CEOs are in the same position but pay themselves less because of how their culture over there frowns upon excess.
Others here will argue that CEOs have responsibly which entitles high pay, which is a valid argument, but we are talking about excessive pay. The two ought not be conflated.
>>79783417
no argument detected.
>>79783040
Well, you should be grateful that your father did so much work for you.
Because getting to that point probably wasn't the easiest thing in the world.
>>79783418
>a
>fucking
>red austrailia
Try doing it backwards.
>>79783365
>Also, if you enforce universal basic income, you'll just have large companies moving abroad and you lose everything. Same goes with raising corporate taxes too high.
This. The only way it could work would be if you had a one world government in place that could enforce the policy world wide. Fortunately it looks like capitalism is already creating one for us, though of course it doesn't look at all like a good thing at the moment.
>>79781918
>Chinese economy has been exploding.
If by exploding you mean they are about to have a crisis that is going to virtually bankrupt the entire country. Yes they are exploding indeed.
>>79783614
Their middle class has exploded while the western middle class has shrunk. Sorry I should have been way more specific.
>>79780682
Because they can hire illegal immigrants and third worlders to do the exact same job as you, but for half the price and none of the backchat.
>>79783469
>Others here will argue that CEOs have responsibly which entitles high pay, which is a valid argument, but we are talking about excessive pay. The two ought not be conflated.
There is no objective value, remember? For labor or for anything else. For the labor of a fry cook or the labor of a CEO. It's worth what someone is willing to pay for it. American boards and shareholders are willing to pay more than Japanese boards and shareholders, so CEOs of American companies make more money.
>>79783314
>Centrally planned economies necessitate authoritarianism
No, authoritarianism necessitates central planning. Central planning is not the definition of communism.
Like I said, the USSR failed because the political system continued to centralise and centralise so it could amass power and influence at the expense of the nation. The USSR functioned best before this crippling rot had solidified.
What the USSR should have done is devolved power to worker-run co-ops complying to a broad but firm set of communist regulations. These co-ops would then compete in a free market to sell their goods and services, with unions and government investment stimulating the creation of new co-ops.
>>79783348
>I am for more of a flat tax but I think CEO's that send their money overseas should be punished in some way they are never held liable
If money is government property then they should be penalized for what is essentially stealing millions. But this whole fiat disaster is going to come crashing down around us sooner rather than later.
>>79783277
It's governments and multinational companies that realize they can Jew this shit to make even more money and develop influence in politics.
Those regulations you talk about are often times lobbied by larger corporations to crush competition before it starts. They're also the same ones lobbying for increased foreign immigration and amnesty for illegals, open borders etc.
>>79783365
>being this leaf
>>79783469
>For example, Japanese CEOs are in the same position but pay themselves less because of how their culture over there frowns upon excess.
You are so full of shit it hurts. That was one person in all of Japan. You are fucking retarded.
There is no such thing as excessive pay in a capitalist market. It doesn't exist. You get payed what the market thinks you are worth and the market doesn't like wasting.
>>79781990
please tell us about your street sweeper to a high earning middle class transition, you achieved purely due to your intellect
>>79783590
Damn. It was B.
I guess I'm #Sizzlin4Clinton now.
>>79782925
i don't think america should become fully socialist/communist, just partly. healthcare sure is nice.
CEOS do not create wealth, they steal it and hoard it. There is nothing moral about it. Most of the CEO's never even created the company in the first place, they simply knew people and got some strings pulled. I support either some form of a salary cap as a percentage of the overall earnings of the company or some other way to make the wealth distribution more fair. I think so many people have given up on the current system and are looking for ways to hold people accountable for their actions.
>>79783690
>Their middle class has exploded while the western middle class has shrunk
you should google chinese debt bomb
and then you realize just how fucked they are
CEOs don't decide their own salary in almost all cases.
For large companies, a good CEO vs a bad CEO can make a difference in hundreds of millions of dollars in revenue. Thus, a $20,000,000 dollar salary is a small price to pay for attracting as many skilled candidates as possible.
Whether or not they 'deserve' that money is a fairly useless argument.
>>79783696
Then couldn't they just all agree to pay each other whatever they wanted since lol we can always just print more money? Couldn't they all just decide to pay themselves 6 gorillion dollars because wealth has no value other than that which we're willing to pay for it?
>>79783713
The more collectivist you get, the more authoritarian you have to get, though, so as to crush those people who don't agree with your idea of how society ought to be organized.
>>79783304
It's B right?
>>79783776
This comment perfectly represents communists. You are so retarded, such a absolute loser that it is inconceivable to you that someone can raise their value to society.
Competitive pricing. If you don't pay them top dollar, someone else will poach them.
CEOs have to answer to their shareholders; it's not like they can just set their own wage and do nothing all day. If the shareholders don't think the CEO is worth the money they're being paid then out they go.
>Median income
>$16.57
Fuck off Newfie were full.
>>79783751
>There is no such thing as excessive pay in a capitalist market. It doesn't exist. You get payed what the market thinks you are worth and the market doesn't like wasting
That's why the market we currently have isn't truly free. It's a fixed market masquerading as a free one.
>>79783855
The best thing is when the CEO isn't the same person that founded the company and got the position because of fucking shareholders.
No chance median wage is $16.87 can it? Are people this fucking poor? I swear you can sleep way your way into a job earning $40k/year ($20/hour).
>go to school
>don't do drugs
>don't get tats
>go to community college and get your associates
>go to state university for your bachelors
How is this so hard? I got my associates in radiologic tech from community college and found a job in 2 months earning $37k starting and by the time I got my BSRS my pay raised to $50k. Am I going to do this forever? No but I'm only 24 and I'm self sufficient, fuck these minimum wage people.
>>79780682
Well, dynasty CEO's are definitely cancer.
But in reality the CEO is the guy who understands the company well enough to manage it, and get shit done when no one else can, or it absolutely needs to.
Also most of their money actually comes from investing in the company their running, so they're most interested in improving the company than anyone else and work to do so.
Ceo working .01 seconds is horseshit.
They basically live and breath their corporation that their managing until they retire with a new prodigy lined up to take their place.
>>79780682
CEOs are mostly just fall guys for the shareholders these days. This isn't the case in all companies, but for the most part, they're professional scapegoats. Of course, no one in their right mind would willfully take on such a role without being paid a shitload of money, so there you have it.
>>79783964
This is true to a point, which is why I think Marx's concept of a vanguard was dumb. People cannot be led to communism. They have to choose it for themselves.
However, Pinochet managed a politically repressive society with quite a free and open market. I'm sure there exists a way to gulag dissenters without fixing the price of bread. Again you confuse politics and economics.
>>79783813
No, """"free"""' healthcare isn't nice. Why don't you worry about your own country you fucking faggot. I'd rather not be taxed 80% so some nigger can heal from a gang shoot out over his baby mama on my tax dollars.
With the rise of automization there is no question that universal basic income will transition from a theory to a human right. CEO's will cut corners and fuck off their works any chance they get. Soon there will have to be some major changes or people could potentially starve unless they accept wages lower than what it takes to survive to compete with robots.
>>79783730
Yeah, which is why I believe the constitution didn't go far enough in limiting the powers of government. Not that the government would listen to a piece of paper anyways, but it's a start.
>>79780682
CEOs aren't actually the problem, it's the (((shareholders))).
Aside from the fact that communism is literally incompatible with human beings, if you wanted to fix shit you'd just kill the financial services industry.
It's literally just a functionless moneyhole, like HR.
>>79782046
The dude is a hard working genius. Don't undermine his efforts with pointless slander.
>>79783040
Difference is you OWN the company. No shares with other people. All profits go to you.
CEO's do not necessarily own the company but they can.
>>79783304
It's totally B.
CEOs do a lot of hard work, and they're job creators.
>>79784104
I never said anything about free, i said capitalist. And it is still true. The freedom of a market does however determine the ease in which people can gain money.
>>79783304
b m80
if you made 20160 dallars an hour, youd make 40 million annually (40 hour work week). 1 percenters make about 428 thousand a year.
because they have to make decisions that are worth a lot of money.
that's literally it.
they manage risk and growth by making big-money decisions.
>>79782143
I just got done talking with a guy I worked with in College. He was 16 at the time I worked there making $10/hr (minimum is $7.25). Why is it that a 16 year old can make more than minimum wage but others can't? It's because the other people are lazy and worthless. Making minimum wage when you are over the age 20 in the US is a sign that you are lazy and incompetent. It doesn't require any social connections or more than a small amount of effort to get a decent hourly job here. All of the candidates my previous employer passes up in favor of 16 year old high school students show up to the interview in clubbing attire and fail the basic math test. He is always hiring because he can never find enough people to fill the positions. The same people begging for a wage increase pass up opportunities for $10+/hr because those kinds of jobs require them to actually work.
>>79784153
>CEOs are mostly just fall guys for the shareholders these days. This isn't the case in all companies, but for the most part, they're professional scapegoats
Doesn't limited liability protect them from most legal consequences since they're also shareholders?
>>79784195
Free healthcare is nice when you live in a homogenous country with low crime rate, and aren't constantly inviting disease ridden foreigners who you are also paying welfare for.
Oh wait.
>>79784314
>They're job creators.
Sure, if you're Chinese.
Really takes a lot of skill to say "American workers cost too much, let's outsource instead,"
>>79780682
If it's so easy, why don't you become ceo?
>>79784174
The political and economic spheres are one in the same. For someone who has some knowledge of Marx I am surprised that you do not know this.
>>79784104
>It's a fixed market masquerading as a free one
you say that as if you believe anyone actually wants a free market
>>79783776
Not him, but I went from fish factory line worker making a hair above minimum wage, to doubling my wage as an oil refinery construction helper with no education or training changes. All it takes is trying something new.
Oil refinery construction, by the way, was unionized and overall less labor-intensive than the fish factory position. Half the time I spent fire-watching, which by OSHA standards means I could not do any actual work.
>>79784230
If they're greedy enough to try then that's probably the only kinda revolution you'll see. If everyone gets fired and replaced with robots, and aren't making any money, and aren't buying anything, what happens?
Of course paying people a valueless currency is kinda pointless.
>>79784501
In terms of our health care, honestly I have some complaints, but overall I much prefer it to the system in the US. When you are sick and dying hospitals are basically a monopoly and you don't have time to shop for the best doctor or hospital when you can barely breathe. The free market is great in theory but in practice it fucks over the poor the most.
>>79783741
>Americuck """"""""education""""""
>>79784230
>automization
Thats just a spook for pushing your retarded agenda. I'm sure people were saying the same thing about industrialization.
Truth be told I would rather destroy society than live in a world where everything is automized and humans got basic income. In fact if that does happen, you can count on me to create a anti technology religion and become a member of a terrorist group.
>>79780682
Reminder that the rich will fuck you over for a penny and you shouldn't be defending them. They are all jewish high-ups that /pol/ claims to hate yet defends in every thread like this.
>>79784264
This. Hell, half the time the CEO is one of those (((shareholders))) who didn't even start the company, just bought enough stock in it to get the position, or greased a few wheels with the other (((shareholders)))
>>79780682
Where the fuck is 16.57 median wage? My welders make 25.00 and all I ask is job experience and a proficiency test.
>>79780682
If you don't like it you can buy the majority of the shares of all publicly traded corporations in the US and tell the board to deduct the CEO's pay.
>>79781647
Because liberals are retarded and hypocrits. You never heard them attacking Steve Jobs, who was probably the biggest asshole in corporate America in the last decade and a billionaire.
>>79782557
Garbage truck drivers make much higher than minimum wage here and they usually have great benefits and pensions. Literal ditch diggers also make $10+ an hour here.
>>79784314
>and they're job creators
For Mexicans
>>79784818
Touched up bit
>>79784493
>no arguements
>quick post a laughing face
>>79784844
Fuck off boomer.
The 99% does deserve a raise, but not for your reason. You should be able to live without welfare on minimum wage.
>>79784960
She's a beaut, thanks.
>>79784844
>job experience
welp mate, that's the problem for the newly minted apprentice aint it
>>79783104
I'm borderline south and midwest (Louisville), but if you can't afford to live in a city, don't live there. Pack up and head to the 'burbs. You know what your means are, so live within them.
Seattle is expensive and everyone knows that, but it's not a far drive to some very habitable areas in Washington and you could easily pinch pennies and go without dining out or shitposting on 4chan for a little while to get that saved up.
My income after taxes is a little over $2k a month, and my rent, insurance, groceries, fuel, and other expenditures average about $800-$900 a month, because I live frugally and don't waste money on shit I don't need. No student loans to pay because I'm in an occupation that doesn't require college, cheap liability insurance, modest 1 bedroom apartment, cheap but reliable car that's good on gas and didn't cost me much to buy, and I can completely pack my fridge full of discount veggies, fruits, and meats for less than $75 a month.
Just stop making excuses and save your money, friendo.
>>79785056
Paint.net my nigga ;)
>>79784818
Most jews are rich but most rich are not all jews.
Its funny when leftypol always resorts to this. Oh just convince them its the jews so that they will become communists.
>>79784960
above his belt buckle theres still some shit that needs "touching up"
how you missed it while you were down there is amazing
>>79784844
Most people these days are too lazy to be welders or do manual labor. If you're willing to do hard work in the US you will easily find a job making $15+/hr. People are sold the idea that everyone can have an easy desk job and make $100k/year even if they have no marketable skills at all.
>>79784581
Well, yes and no.
The economy is political because it has to be managed, and it is affected by and affects the distribution of wealth (and as we all know, money = power so therefore it affects the distribution of power within society, and power is political).
So the economy is fundamentally political, because it is about the distribution of power.
All I'm saying is that the economy didn't collapse spontaneously on its own. It was mismanaged for decades by corrupt and totalitarian despots. Any economy would fail under those conditions, and in fact the "free market" Russian economy that replaced the USSR is struggling along due to most of the same issues. The symptoms are different but the disease is the same - corruption, cronyism, and despotism.
This has always been the way of Russia.
>>79784647
wew lad
>>79784703
Our health care is great. Just don't ever get sick or need to go to the hospital
Then again, someone could say that if there aren't enough hospitals to care for people, then there won't be enough people to fill the jobs necessary for industries, which means the market suffers. Once again, it all comes back to demographics. Nobody complained when the US was 90% white and government was small
>>79784106
You have it right dude.
The only people that bitch about capitalism are the people who didn't try to succeed.
Capitalism is the greatest because it only lets the people who strive for greatness succeed. If you do not strive to be the greatest then you deserve to fail.
I would love to be responsible for my own healthcare, retirement, and student loans instead of the government babysitting me. So fuck all of you commies, stop being children and take care of yourselves.
>>79780682
Depends. If they are "inheritors" then they are ass lickers who won their position by pleasing their superiors. They behaved as dogs and now they are "living the dream" or they are simply family of the original self made man, like Trump did when he took over the real estate business of his father, who was already successfull.
The ones that start from nothing are a completely different breed. Geniuses and excepcionally hardworking people, they are workaholics and deserve every bit they got since they busted their asses acquiring it with many hours of work (and also passion for it).
>>79780682
This says that CEOs make 174mil per year.
The highest ever Salary ever paid to someone was 51 mil
please stop this baseless argument
>>79780682
>minimum wage
Intelligence: 0
Creativity: 0
People skills: 0
Leadership: 0
>median
Intelligence: 2-8
Creativity: 1-4
People skills: 2-6
Leadership: 3-5
>CEO
Intelligence: 4-10
Creativity: 6-10
People skills: 7-9
Leadership: 7-9
>>79784844
Do you accept apprentices.
>>79785376
it would be nice if the world worked that way
but lets be honest here
theres alot of luck involved
if you're not born into the right family
even if you have the "levels" you list to be a CEO
you still wont get to be a CEO
>>79784540
If Americans thought their jobs were worth it, they wouldn't be voting for Republicans in Congress. Clearly, they believe outsourcing is a benefit to them.
>>79781314
The POTUS is not supposed to get paid a lot of money because the position is not supposed to be for profit.
>>79784844
>job experience
How are they gonna get that if you don't hire them?
The bottom line is if you're not making more than minimum wage, you probably don't deserve to.
>>79784501
>Doesn't limited liability protect them from most legal consequences since they're also shareholders?
It protects them from legal issues that can't be proven to be specifically their fault. It doesn't protect them if they're convincing people to do things that are illegal (or committing crimes themselves) to boost their profit margin. Often CEO's are paid a lot because they are expected to operate on the border of what's legal to maximize profits and that sometimes leads to them crossing a line. An example would be lobbying and insider trading laws that can be 'pushed' without technically breaking the law
>>79785033
The way I see it, why raise wages when the money we use is practically worthless? Germany tried mass printing to pay denbts and look what happened. A lot of poor people burning the stuff so they wouldn't freeze to death.
>>79785279
Better?
>>79785538
>create company from ground up
>name yourself CEO
>>79785538
Do you consider being a business owner to be completely separate from a CEO? Or is the only difference the amount of time they've had to make the business work for them?
>>79780682
We have a law here that says no one can make more than 300,000 euros per year
>>79783040
You aren't a CEO, you're the owner. You're the equivalent of an investor in a publicly traded company.
>>79786016
Does it adjust for inflation?
>>79780682
Owning a company is not just "fire this guy hire this dude" and you're retarded if you think it is.
>>79780682
Their skillsets are in enormous demand and most of them bring a lot of contacts and experience to their work.
Bear in mind that a CEO is an employee, just like any other employee. If he sucks, the company either fires him or loses money. Looking at CEOs like ebil businessmen who extort others is incorrect--it is the shareholders who hold the actual reigns in the company and harvest the profits, the CEO is an administrative officer, not a God-King. Their job is also not simple. An employee has a set job--he makes donuts, or he packages a product, or he does X Y or Z. The CEO has to actually set priorities, organize labor and deal with uncertain situations to which there might be no real solution. A CEO can get fucked by forces completely out of his control and lose his reputation far more easily than a low-level employee. The ability to deal with this uncertainty is part of his skillset.
Also bear in mind that if you took any CEO of any major company and just cut him completely, and divvied up his wages between all of the workers, in most cases they would make an extra 10 cents an hour at most. CEOs being "overpaid" has NOTHING to do with the workers being underpaid. Actually, the chief cause for that is that there is too much competition for their labor.
>>79780682
$16.57/hour is poor territory, you won't be paying many taxes at 33k per year. Median wages would be like $40-50/hour
>>79786016
And the best CEOs do not work in your country. Why would a top-tier CEO work for 300k when a company in another country is offering him more?
>>79786016
That's socialism and America doesn't do socialism. Some people will make millions and others won't make enough to feed themselves, but that's okay because everyone in the U.S. is a millionaire waiting to happen. Besides, what motivation would there be to reach for the stars if everyone had healthcare, education, etc? None.
>>79785311
>Be communist
>Give leaders lots of power
>Bad leaders get elected
>The corruption and malpractice cause your country to fail
>It wasn't Communisms fault though even though Communism let them obtain that power
I laff
>>79785805
Final fix 4 now
>>79783040
The guy you hired to run your company is the equivalent of a CEO. He's doing all of your work for you. That's why you probably pay him more than a temp.
>>79786206
Because there is no reason on Earth you would need more than 300,000 Euro's a year.
>inb4 gotta pay for my new Lamborghini every day + my new private jet.
>>79780682
Money is basically just shiny paper (or plastic if you're a leaf) and has no intrinsic value since it's not backed by anything of worth. Instead of paying people more useless funny money, we should try and ensure people get the bang for their buck since money is only useful for goods and services anyway.
I think by far the biggest economic problem of the late 20-21st centuries is fiat currency.
>>79786076
actually, it's only €228.599 and no it doesn't adjust for inflation, it's 130% of a minister's salary
>>79786221
>but that's okay because everyone in the U.S. is a millionaire waiting to happen.
It is very easy to become a millionaire in the US. If you make more than $40k/year, live frugally, and invest wisely you can easily be a millionaire by the time you retire at 60. I make $70k and if I keep up my current rate of savings I will be a millionaire by age 42, give or take a couple of years due to market volatility.
>>79780682
How many people are capable of being CEOs compared to burger flippers?
>>79786244
>B-BUT THAT WASN'T REAL GOMMUNISMS GOY
>>79786347
You can inb4 all you want, it's true. If your labor is worth more than the maximum amount the country allows you to make, you leave the country. End of discussion.
"Need" has nothing to do with anything. Just because your shit country doesn't recognize the value of your labor doesn't mean you do not deserve to be paid.
>>79786244
You have no idea how messy the Russian Revolution actually was, anon. There was no "giving" involved - only taking. Russia has been a totalitarian dictatorship for as long as it has existed. I don't know why you expect democracy to spring fully formed into being based on the wishes on Lenin's farts. In fact there were a lot of democratic Communists on the red side. They were killed by Stalin.
>"Communism" let them obtain that power
No, people let them obtain that power. Communism is an abstract concept. It doesn't do anything, or not do anything. Everything that happens in the real world is the fault of people. In this case the totalitarian rule of the USSR is the fault of the dumb slavs who let themselves be treated like cattle by a cadre of party officials and a tinpot despot, because the only rule that Russians understand is rule by force.
>>79782925
So, basically, you're trying to argue that socialists and capitalists both mean well, but capitalists are unable to comprehend complex systems?
The explanation of 'socialism' given by your straw capitalists is poor on average. Their strongest argument is their callout to the nomenklatura system in point 1; rather than follow up on that, you next have them criticise socialism for inflicting Republican policies on the US. Characterizing capitalists as unfamiliar with the meaning of the word 'pension' is insulting - pensions are primarily old age payments, such as social security, and however optimistic many righties are about life extension it is unreasonable to conduct economic policy based upon the assumption that the retired and elderly will grow young, healthy, and ready to take their place in the workforce if their unhealthy dependence on the state were kicked away.
Point 3 is inaccurate; longevity under the UK NHS pre-brexit exceeded that under the US private pay/insurance system, while NHS costs were drastically lower. Painting your straw capitalists as ignorant of the costs and benefits of social programs is demeaning to the majority.
Four conflates the effects of business tax and personal tax, a mistake that an experienced capitalist would find quite amusing. Bafflingly, your straw capitalists bring up a valid critique against socialist systems - that nationalized bureaucracies may mismanage businesses due to having insufficient skin in the game - but dismisses it out of hand under the assumption that socialists will not attempt to actually use socialism.
Point five reads like an attempt to sound like a logician without actually using logic. It weakens the impact. Your straw capitalists will be more plausible if they just directly take the position that 'socialist bureaucracy is capable of being as manipulative, greedy, and authoritarian as capitalist hierarchies'.
And I'm out of space.
>>79786347
Doesn't matter, people are greedy. I realized that I could live comfortably on a 100k annual salary for 100 years if I had 10 million dollars, yet here are people who have billions, most of it just sitting in offshore bank accounts accumulating for no good reason.
But the solution isn't to cap wages. It wouldn't be as bad if instead of the government taking whatever's leftover the CEO could use what's left over to invest in his company, but there are enough tax loopholes and backdoor shit that it'd all just go back to him in tax cuts or whatever so all you're doing really is punishing the workers.
>>79780682
>POOR PEOPLE NEED MORE MONEY
>LETS MAKE IT ILLEGAL TO WORK PRODUCING LESS THAN $15 A HOUR
Yeah way to prove you dont know jack shit about economics
>>79781195
>which is no good
Good argument.
Are you that smart mother fucker that was here yesterday?
>>79782705
These CEOs run companies that support tons of leftist causes. Think Starbucks, Target. I went into Walgreens and they asked me to donate my change to charity. I asked what sort of charity and it was a list of immigration charities.
>>79780682
CEO over sees operations that employ everybody
Literally the guy you need and can not live without. Talented CEO's are a dime a dozen
that being said even if you took all of the CEO's money and divided it among the workers you typically could not even give a 1 dollar raise for the larger company
If that doesn't add scope I don't know what does.
>>79780682
Because they have brains and negotiation skills. Don't work hard work smart.
>>79786867
That's the kinda shit I'm talking about. But it's not just on the libcuck side. Republicunts get donor contributions from companies in exchange for things like amnesty and no penalties for outsourcing jobs
We need nationalism in America again
>>79780682
>Can someone please tell me why the fuck CEO's make so much money?
-Experience.Usually started out as entrepreneurs and or have a track record of successes. They also often have knowledge of the industry at an executive level, which cannot be bought or hired from with in.
-Connections. CEOs coming in from outside the company often have connections to finance and other companies which can aid the firm.
-Hard work. CEOs are expected to put in 90 hour weeks if the company is floundering. They don't go golfing when the company is at risk - because it's ILLEGAL. If a CEO abandons his post he is being negligible with his fiduciary responsibility to shareholders. Which is why shareholders can often vote out or in CEOs.
-Competition. Good CEOs are in high demand. A bad CEO can destroy a company in weeks. A great CEO is worth 1000 highly skilled workers with 100% attendance. Thus the pays and bonuses their contracts command are high.
A little overview what CEOs are supposed to have expert, or close to expert knowledge in, in order to be considered worth their pay:
-Labour Law
-Finance Law
-Contract Law
-Accounting
-Finance
-Marketing
-Mergers
-Valuations
-Industry specific knowledge
On top of all this they are expected to be energetic because they are expected to schmooze all the time while at the same time on call to the shareholders whenever SHTF.
Being a CEO is not an easy job, especially if you're a hired gun for a flagging company or an entrepreneur whose name and reputation is based on the success of your firm.
>>79782925
It's great that you don't refute CEOs setting their own salaries, completely negating the vile lie that some outside market determines their value.
>its another /leftypol/ """""raids""" /pol/ episode
comrades post some EPIC capitalist pig memes lmao ;)))
>>79787324
leftypol is retarded but /pol/ shouldn't cuck as hard for CEOs when they're part of the reason America is going to shit in the first place
I'd say they're like Muslims. Sure, not all are bad, but the number that are is pretty high. But it's less on them and more on the whole fucking system. They're just taking advantage of the corruption that's already in place.
>>79780977
>Implying you wouldn't wear a top hat and monocle once you are rich to show your disdain for plebs
>>79787289
Oh and they're expected to be LEADERS too. You can't hire a NEET out of his basement and put him at the head of a Fortune 500 company. It would sink like a stone and the jobs (and possibly pensions) would go with it.
Ok, this won't filter past OP's MUH FEELZ, but think of it this way:
What is is the worst amount of damage a min wage fry cook can do to McDonalds? Maybe have the board of health shut down a single restaurant for a few days.
What is the worst thing a bad CEO could do to McDonalds? Cause the whole fucking thing to go bankrupt and lose hundreds of thousands of jobs world wide.
>>79780682
the work at that level is networking and getting other powerful, usually quite ruthelss and competitive, people to do what you want them to, while maintaining some sort of large scale overview.
>>79783612
Those companies that will move abroad for a lower tax rate ALREADY keep their money in Bermuda or wherever.
A universal basic income means the riders of the purple wage in the state with UBI have more money to spend. More people with money means more potential customers. That, in turn, means that Bermuda corporations set up wholly owned subsidiaries in UBI states to sell goods to the proles and the doles. Their US subsidiaries will, in turn, wind up hiring our proles because they need someone to actually do the work - and if the tax rate to fund UBI is too much for their own workers to stomach then our workers will be present to take up the slack.
Protip: in real life, evaluate tax situations by net after-tax income, not gross income or feer of the raw tax rate. Plenty of places have lower nominal tax rates than the US but also wind up giving you lower purchasing power.
>>79781269
but every research book on the subject shows CEOs are not worth thier pay.
>Pay without Performance: The Unfulfilled Promise of Executive Compensation
^ that book is just the tip.
Don't fool yourself tool, CEO's are over payed, and most of them are born into their Class, go to Harvard, etc (only 8% of Harvard admissions are merit based)
It's been show Better CEO pay does not increase profits, so stop being a tool please.
>>79787324
I honestly find it amusing when anyone thinks they can raid 4chan, let alone a place as entrenched as /pol/
>>79781349
>They get paid what they do because
nah, they get paid what they do because the board of directors are all CEO's of other companies or retired CEOs/C level exes. They are just helping thier own class.
.
I actually have one rich friend who's father was a CEO, and he doesn't want to sit on boards anymore because he says they all rubber stamp everything and never want to look into anything going on with the company, even irregularities
>>79787591
>leftypol is retarded but /pol/ shouldn't cuck as hard for CEOs when they're part of the reason America is going to shit in the first place
Leftypol is more responsible for the decline in America than CEOs.
Firstly, they hate America. Secondly, they often vote liberal, which leads to greater government power and regulatory capture, they don't really see how this worse than the "other side" being "wacist". Thirdly, they contribute nothing to the economy and are the handout generation. If they really wanted to help the worker out they would start their own equitable businesses with their student loan money rather than taking liberal arts degrees - but they lack the skills, energy and ambition to do such a thing, and even if they did have it, their tune would change overnight when jose and tyrone called in sick for the 4th time in 2 weeks.
>>79787591
There's a huge flaw in your logic - you get the absolute same and equal opportunity every CEO received to get to that title.
Yes, they get a fuckload of money, more than they can manage to spend.
And that's wrong literally why?
>>79785582
>job experience
That usually means i don't want to babysit you for weeks for you to learn what you need to do and how to do it without fucking up.
>>79788145
>Young people are somehow at fault for 30 years of economic degradation.
>>79788290
>/leftypol/
>young people
They're not the same thing ya know.
Lol, the rich don't need to answer to tweens on Fagbook crying. Nobody cares about their naive bullshit nobody-talk.
>>79788168
>you get the absolute same and equal opportunity every CEO received to get to that title
There's no way you wrote that with a straight face
>>79788145
Who do you think is behind the cuckery and financing it?
If you're working in a minimum wage job past 25 there is something seriously wrong with you. You either have no skill/ambition, or you're not mentally fit for a real job. Entry level jobs aren't meant to be living wage jobs. They are there for experience often for teenagers and maybe college kids earning more beer money or to pay towards tuition. It's your own fault you make that.
>>79780682
CEOs are NOT elite.
CEOs are the "rubber gloves" used by the elite owners for their dirty work, and thrown away when they get too filthy.
https://web.archive.org/web/20151006183427/https://michaelochurch.wordpress.com/2012/09/09/the-3-ladder-system-of-social-class-in-the-u-s/
To the real owners (who make billions), $20mil/yr for a CEO is rounding error.
>>79788168
>And that's wrong literally why?
Because they hoard it in offshore accounts to avoid paying taxes, and because taking that much out of circulation means the government needs to print more to cover the loss, which means the country a) has less money and b) the money they have is now worth less due to inflation
>>79780792
I make $10/hour working my ass off on a farm so that these fat fucking CEO's can stuff their faces and sustain their pathetic destructive existences at my expense.
>>79780682
It aint easy being the minimum wage Kermit
>>79785573
You have to pay them a lot or else you won't attract the kind of talent that it should require to be a good potu
>>79788588>>79788588
I love that people make these arguments without just outright saying they think the unskilled and unlucky should just starve and don't deserve homes. Literally wanting the USA to be an Africa tier third world country.
>>79787801
>over payed
It's hard to the you seriously
>>79788886
Enjoy being replaced by Robots in the near future you unskilled faggot.
>>79788675
>taking that much out of circulation means the government needs to print more to cover the loss
>the government prints money
MY FUCKING SIDES.
Banks print money dude, and they print it when they give large flagging corporations like Ford sweetheart loans of 1 billion plus at 0% interest each quarter to cover payroll so they can pay their workers. The expatriation of money by wealthy CEOs is a drop in the bucket compared to "government" funded businesses.
The word for this is corporatism where corporations control the government, it is the opposite of fascism where the government controls corporations.
Voting for lefty bigger government does more damage because while they throw the poor some crumbs in terms of welfare, they increase government regulation which reduces competition in the market(by making it too expensive for newcomers to pay for all the regulations which are introduced by corporations themselves - google regulatory capture), which keeps wages low and overrules democracy.
Labor produces 85% of the capital but only gets paid 57% of the wealth earned from their labors.
It wouldn't break capitalism to give the wage workers 60%. In fact,it would give more wage workers the opportunity to own their own homes, pay for their own health care, save for their own retirement and increase GDP.
At 65%, wage workers could own their own companies and be self-sufficient on a whole new level. Their additional disposable income would usher in new historic levels of prosperity and economic growth.
>>79788145
>Leftypol is more responsible for the decline in America than CEOs.
CEO pay rewards failure and stagnation rather than meritocracy. CEOs concentrate wealth which is parasitic to the economy. They slow the velocity of money, which puts the brakes on economic growth. CEOs are far more harmful than hard working wage earners.
Please be ignorant about economics somewhere else.
>>79788588
>If you're working in a minimum wage job past 25 there is something seriously wrong with you.
Well I would say min wage area, within a few dollors.
What you don't understand is there just are not enough jobs to go around, there just aren't.
I've noticed that when people complain about CEOs making "too much money", it's never about companies they like.
I live in the bay area and here these sacks of shit talk all the time, but no one brings up apple, Google, Amazon, Starbucks, or any other "liberal" company.
>>79788675
Sure, that's true, they shit on the government and the capital mostly flees to other countries.
But why does that even happen? Sure, I'll tell you why, it might sound complex as fuck at start but it will start sounding logical the moment you decide to put the slightest thought into it, something you probably haven't til now
Lower taxes. Amazing, isn't it? That one country can't keep an absolute dominance over every single product in production, because as soon as such a thing happens, capital will be redistributed equally across the rest of the world via the form of attractive lower taxes.
Look, a more conservative economy isn't necessarily something bad. The problem is that America is as capital-rich as it currently is solely because of being the opposite - as liberal for capital as possible. It attracted that capital to its lands because it offered full liberty of relocation should anything bad happen to the country, like a crisis or high taxes, and that capital wouldn't even be there in the first place if it wasn't for that liberty.
>>79789281
>I was about to admit I was wrong, but look here a grammar error, better luck next time pal.
>>79780682
Most are pretty shit and landed positions by happenstance (very few do the mythic "I started in the mail room" thing) then from the business connections made during the formative C-level years they bounce around companies that are practically on autopilot, not really helping but not hindering either.
Remember, these people are paid a lot but are just employees as well. If most were actually above competent, they would own businesses since no matter what your salary, as an employee the tax man will fuck you.
There are rarer cases though where you find brilliant CEOs. These people are capable of transforming organisations, typically that have had successive CEOs and are in decline. They inevitably end up in the Management texts books as case studies but you can't teach what they have and how they apply it, which is why they are so rare.
They see the big picture and understand how all the little cogs inside and out fit together to achieve their ends and deserve the big dollars accordingly.
>>79787607
Wall builders got the right idea
>>79789409
>Labor produces 85% of the capital but only gets paid 57% of the wealth earned from their labors.
>It wouldn't break capitalism to give the wage workers 60%. In fact,it would give more wage workers the opportunity to own their own homes, pay for their own health care, save for their own retirement and increase GDP.
>At 65%, wage workers could own their own companies and be self-sufficient on a whole new level. Their additional disposable income would usher in new historic levels of prosperity and economic growth.
Percentages without a source. Cool.
>CEO pay rewards failure and stagnation rather than meritocracy. CEOs concentrate wealth which is parasitic to the economy. They slow the velocity of money, which puts the brakes on economic growth. CEOs are far more harmful than hard working wage earners.
Once again, you're conflating /leftypol/ with something they are not.
They are not uniformly young, and they often do not work. They are a mix of NEETS and college goers.
>Please be ignorant about economics somewhere else.
You first. CEOs are like Franchise players, they make or break teams and companies and attract or repel investors. They have a place within the individual company and are often very hard working unless they work for a charity or some other liberal bullshit.
>>79781324
Soon hopefully, just need to start organizing. Organization is the number one thing needed in getting things done, whether it is organizing things and your mind, or organizing people to cut other peoples heads off.
>>79781426
I work on a farm busting my fucking ass off every day for $10/hour so that you can eat. Am I worthless? Should me and my other 500,000 worker friends stop working?
>>79789798
>They are a mix of NEETS and college goers.
I forgot to mention the trustfund marxists and the ones who clock in 15 hours a week at Subway because of their inheritances.
>>79789309
But is it in the best interest of society to eliminate the small family farm, or organic practices? Should the farming way of life be destroyed so that you can stuff your face with slightly cheaper food?
>>79789980
> busting my fucking ass off
what does that even mean?
someone saying they are a "hard worker" is such an ambiguous vague phrase that you could apply it to anyone.
>>79780682
So you could make this thread every fucking day
