THINK AGAIN.
Yeah, one person at the top of the food chain. Even if you gutted his salary and divided it up among the THOUSANDS of employees, it wouldn't be shit.
>>80852155
>but mah capitalism
>muh trickle down
>muh more money means you've worked harder
Hmm, really makes you THINK AGAIN.
Maybe if the employees had the education and skills the CEO had they would be worth more than $15/hr. It's irrelevant what the CEO makes as we are discussing different jobs.
>fire CEO
>divide up his salary among all minimum wage workers
>everyone gets $0.10/hr more
>>80852317
Trickle down economics is a boogie man created by leftists to attack the true notion that if you tax people too much it becomes counter productive.
>>80852155
Those companies rarely compensate executives in cash. Sage this shit and your shitty meme
>13,489 / 15 = 900
Chipotle has more than 900 employees
Even if they took the entire CEO paycheck it wouldn't be enough to pay everyone $15 an hour
>>80852155
Why don't these employees just take out a loan of a few hundred thousand dollars at zero(or negative) interest and become CEOs?
>>80852552
that would be adding 900 new employees not giving 900 raises
>>80852479
This
>Starbucks employs 238,000 people
>CEO makes 10k/hour
>Math
>Everyone gets a .04 cent raise
Or they could just fire a bunch of employees to offset the raise to $15
>>80852648
>remove CEO's pay
>add 900 employees
>remove all employees because the company shuts down
>>80852155
>can
>want
If you don't understand the diference it's normal you are earning minimum wage.
>>80852155
i had the rebuttal .jpeg for this somewhere but i cant find it
it just states that even if you were to split the CEOs salary between all the workers, their wages would barely increase. literally negligible effect
so yeah nah it didnt make me think ayy
>>80852814
don't spin my statement. All I said was that his math was incorrect
>>80852155
Ha. If you divided up the CEO of Chipotle's paycheck to pay employees $15 an hour you could pay 860 employees. A company with 42,000 employees. I guess they can't actually afford it.
>>80852407
I have interviewed close to a hundred people for various positions from $15 to $50 per hour. Competence is rare and valuable, it must be treasured. You could drop probably 30% of applicants into a fire and no one would notice.
>>80852685
Don't you understand, managing a multi-national corporation with tens of thousands of franchises is no harder than making a soy decaff no foam latte! Any one of the tattoo'd baristas with a Liberal Arts degree could do that job! :^)
Let the cucks who want $15/hr get it. What's going to happen is that companies will see it's cheaper to have machines or have less workers and fire them after that.
Many of them probably don't even deserve $15/hr
>>80853035
Aren't restaurant employees paid like $2 an hour because muh tip?
>13,489/13 = 1037
Still not enough to cover everyone.
The math is an approximation, you can't discredit it because I didn't use the explicit wage of a chipotle employee. I even picked the highest paying CEO so it would count the highest number of potential employees getting 15 an hour. Walmart's CEO wage would only cover 180 employees, that's not even enough for a single STATE let alone the country.
>>80852155
>an unskilled teenage broom pusher with a GED, no work responsibility other than his broom, and just two years on the job should make equal money to a middle aged executive with a Ph.D in Economics, a Masters in Business, and 30 years of experience climbing the corporate ladder.
There are libtards who believe that. This is why you never allow libtards to touch the economy. they don't have a single clue how business works nor even the slightest grasp of economics.
>>80853035
Ok, avg. say $8/hr per employee.
>raise of 7$ each
>$13,489 / 7 = 1927
>4% of the employees get that raise
>CEO gets nothing at all
really makes you think again
>>80853292
see >>80853404
federal min. wage is $7.25/hr
>>80852317
>the rich got rich as the result of winning a quiz show
>>80853495
Restaurants are allowed to pay less than that because they make the assumption that tips are part of that minimum wage.
>Average employee generates $14/h by being employed
>Demands $15/h salary
Really made me think
>raise minimum wage
>prices raise along with it as the value of the product in relativity to the currency hasn't changed
Rinse and repeat.
>>80853404
>>80853292
I am not disagreeing what so ever with your statement. It's just the math being used in this thread is for adding employees not giving employees raises
It's not about experience or qualifications but necessities in American society. Housing is going up, college rates are going up, food is going up, and insurance is going up.
The system is inherently built to make the populace wage slaves through Prussian ideologies.
>>80853586
In America, at least in my state, you only get paid less than minimum wage if you receive tips that are equal to it or greater after averaging your share. If you make $5 tips after an 8 hour shift, you'll get paid minimum wage for 7 hours of that shift.
>>80853586
no, if reported tips and wages don't add up to the federal minimum, they have to pay it. and obviously no one reports their tips
>>80853710
that's what i did bruh, increase in wage of ~7 dollars as an example. nothing wrong with that
>>80853710
If minimum wage is 7-8 dollars, you just need to multiply that number by 2 and you'll get the number of employees that can have their wages upgraded to 15 from minimum
it's still nowhere near enough
>>80853824
yeah i agree
>>80852155
Only because people keep buying their shit. There's not a single product those corporations sell that any person on this planet actually needs.
>>80852155
Wow. If the ceo took a minimum wage they could give all their employers are full 3 cent raise.
>>80852155
>Starbucks has 191,000 employees
>Fire CEO
>Everyone gets a $0.05/hr raise
>Every full time employee earns an extra $8 a month for the month or two before the company goes under and everyone gets fired.
>>80852479
This
https://en.wikipedia.org/wiki/J._C._Penney
105,000 employees in 2015
$4,629 per hour / 105,000 employees = $0.04 per hour per employee
>>80854113
8 or 15 dorral minwage? :^)
>>80852155
You never see them attacking professional athletes either. Kobe Bryant apparently makes around $4,936 per hour. That's more than the CEO of Dunkin Donuts, who's a job maker and employs thousands.
Wow, really makes you think.
>>80852155
I'm convinced Occupy Democrats is a Republican front to make liberals look stupid
>>80852296
>THOUSANDS
More like hundreds of thousands.
>>80852155
Half of those businesses are Franchise properties. People individually purchase legal rights to run one, pay loads of franchise and licensing fees, then the wages of staff. Places like Dunking Donuts cannot afford to pay niggers and beaners $15hr. Period.
>>80853824
let's THINK AGAIN though.
>chipotle annual operating profit for 2015: $763,589
>number of employees: 45,200
>763,589 / 45,200 = 16.89
with an operating profit of 0 (zero) for the company, each employee gets a bonus check at the end of the year for $16.89
>>80853292
It's only $2.15/hour for employees who receive regular tips. Doesn't apply to cashiers or cooks at counter service restaurants. And if an employee doesn't make enough in tips to meet the regular minimum wage of $7.25, the employer is required to make up the difference.
>>80852155
wow this changes everything! now they can give $15 an hour to a hundred people nationwide if the CEO works for free!
>>80854759
No money flowing back into a company as investments is always a good sign.
Short it.
https://en.wikipedia.org/wiki/Walmart
>1.4 million US employees in 2016
$2,704 per hour / 1,400,000 US employees = $0.002 per employee per hour
https://en.wikipedia.org/wiki/Chipotle_Mexican_Grill
>45,200 employees in 2013
$13,489 per hour / 45,200 employees = $0.30 per employee per hour
I hate the fact that people still don't realize that the decisions, or even just the life, of a CEO can sink a company in a day. They are paid for taking this risk, along with the skills that they have built.
>>80852479
> company goes out of business because theu fired the competent person they had to run it
> you lose your $0.10 raise
> you now make less than when you started, $0.00
>>80852479
If they get $0.10 more an hour, at something like Wal-Mart they'd get like half a cent more.
>>80852317
>He thinks the ebil CEO making money hurts the widdle workers
Let's perform an experiment, convict. I'm going to use this incredible concept of "arithmetic" to prove that you are incapable of coherent thought.
JCPenny has 105,000 employees.
Its CEO makes 4,629 dollars an hour.
If you paid the CEO 10 dollars an hour, and divided the rest of the money up amongst his employees, they would each receive a raise of:
4 cents.
Chipotle has 45,200 employees.
Its CEO makes 13,489 dollars an hour.
If you paid the CEO 10 dollars an hour, and divided the rest of the money up amongst his employees, they would each receive a raise of:
Ooh, this time it's a whole 29 cents.
Dunkin' Donuts has 10,858 locations. Assuming 10 employees for each location, that would make 108585 employees.
Its CEO makes 4,889 dollars an hour.
If you paid the CEO 10 dollars an hour, and divided the rest of the money up amongst his employees, they would each receive a raise of:
Oh hey! 4 cents.
Dominoes Pizza--a place where I have worked has 220,000 employees.
Its CEO makes 3,571 dollars an hour.
If you paid the CEO 10 dollars an hour, and divided the rest of the money up amongst his employees, they would each receive a raise of:
1 cent.
This is hourly. There is not a single case here in which axing the ENTIRE wage of the CEO raises the employee's wages by even one dollar. Not even ONE dollar.
Now if you had ever actually had a coherent thought in your life--if you had ever given more thought to your asinine claims than, say, none--you would have thought to conduct at least one of these equations yourself. As you have seen, it took me about five minutes to disprove your retarded sentiment using google. I delivered pizzas for a living. I am not an intelligent man. And yet here we stand, you having been blown the fuck out by a pizza delivery man who has expended more effort finding this image of dick spencer than I did actually obliterating you.
>>80852155
Let's go through this then. Starbucks for example, $10,285 per hour, lets round it up to 10,300 for ease.
According to : http://www.statisticbrain.com/starbucks-company-statistics/ they have about 182,000 employees.
Now odds are at least half of those employees make over minimum wage. These are managers, HR guys, lawyers, accountants, etc. So we'll bump it down to 90,000.
And of those 90,000 probably only 1/10 are working at any given time. So let's drop it down to 9,000.
So if we assume the average person at starbucks is making the 12.50 an hour and they want that 2.50 cent raise, it would require 22.5 thousand dollars every hour. That would mean even if the raise was that small, and that small of a proportion of people were working at any given time, the CEO would have to start losing about 15 grand every hour in order to bring the average pay up to $15.
This is of course ignoring the fact that Starbucks is a franchise business, and the actual burden of the pay raise is going to fall onto whoever owns the franchise, but logic doesn't matter so fuck it.
Do they know how stressful being a CEO is?
>>80855242
If your job as CEO is stressful, you are a bad CEO.
Tbqfh famalampai.
>>80852155
No one in this thread has pointed out the most ridiculous part of this bullshit image: not all (or even most) of the companies in the US are nationwide chains or giant corporations that could afford a $15 minimum wage even by cutting profits, yet they want to force a federal law for it that would put those small companies out of business.
>>80855190
I am ganna debunk you instantly.
muh feels.
>>80852479
democrats have done it again
silent on T-Swift making 170M this year also
>>80855431
i don't know about all that, but with that $15/hr minimum wage, they could save up to open their own store!
i mean come on
>>80855539
Why aren't we dividing up Soros' capital?
>>80854759
There are 52 weeks in a year. Realistically we can just say 50 if we consider time off, etc.
If we assume a 40 hour work week, we are talking about 2000 hours per year.
>50 weeks per year * 40 hours per week = 2000 hours per year
If we divide the profits per employee over the entire year,
>$16.89 per employee / 2000 hours per year = $0.0084 per employee per hour
Even if we assume that all employees work part-time with the same work efficiency as full time,
>$16.89 per employee / 1000 hours per year = $0.01689 per employee per hour
We come out with only a little over a 1.5 cent raise.
>>80854120
There are a shitton of young managers happy to be CEO for 1/50th the salary ... probably working twice as hard.
Large corporations can take the hit. Small ones can't. You're not sticking it to the mega corporations, you're killing off local competitors.
>>80852155
>here at /pol/ we hate big banks, Hillary Clinton, and Hillary Clinton for getting paid hundreds of thousands of dollars to do a few speeches.
>here at /pol/ we strongly believe there shouldn't even be a minimum wage, and that corporate CEOs deserve to earn tens of thousands of dollars per hour.
>/pol/ isn't satire
>>80855960
A manager is just responsible for a small section of a corporation.
A CEO is responsible for everything basically.
Its like saying why Officers should earn the same as a general or a commander in chief.
https://www.youtube.com/watch?v=mTQro9GImUE
THINK AGAIN
>>80856215
What is your point? You will find a ton of people wanting the job.
What about small privately owned companies
Suppose you live in a city that has a mix of large international companies and small local companies.
Should the smaller companies be forced to pay higher wages to match the larger companies? If so how would they afford it? Or should larger companies be forced to pay smaller wages? If so how would the large companies compete acquiring better people?
Or should the wages be left to the company's discretion? If so how would a local compete limited with resources compete with larger companies that have easier access to outside resources?
Can you expect a poor economy to pay wages of a higher economy? How do raise all boats when some of the boats are already sunk to the bottom?
>>80856215
true, at the end of the day, even middle management has directions to follow, and that's all they're responsible for.
the CEO is responsible for coming up with the directions, and seeing that they're executed so that the shareholders make money. that's a lot of fucking pressure
wow really made me repeat my thought process
>>80856405
of course not duh, we'll put a clause in there that says "just the big corporations. not thrift stores/mom and pop etc. thx"
easy
>>80856131
>Corporations are the only type of business
High minimum wage doesn't hurt large corporations because they can eat into profits. It kills low margin small businesses though. It also causes an increase in housing costs and cost of goods for everyone, without an equivalent increase in wages for everyone who was already above the new minimum.
>>80856131
/pol/ isn't retarded and believes in basic economic theory. We don't believe the easily replaced dishwasher deserves to make more than what his job is worth to his employer. We believe the CEO is paid what the company he works for is willing to pay him for his services.
$15 to flip burgers, pour coffee, or wait a table because all it does it pass the costs along to the consumer or destroy the business resulting in less jobs and more freeloaders.
Eat a dick
>>80855960
And they'd do less than 1/50th as good of a job. CEOs are employees, moron, they are paid because their job is extremely difficult. They are not overpaid, because the people who actually own the company do not want to pay people more than they have to--that includes CEOs and other administrative positions. As I have just adequately (see: irrefutably) demonstrated, the wage of the CEO has effectively zero effect on the wage of the worker.
>>80856131
We hate big banks because they literally commit fraud on an international level in collusion with the government and then get away with it. We hate Hillary Clinton because she takes money from Saudi Arabia, the aforementioned corrupt banks and other special interest groups, and then masquerades as a friend of the people promising them progress and change. She is also a criminal and a mafioso.
And yes, we believe that people should be paid what their labor is actually worth, because doing otherwise reduces the amount of labor that is done in the economy in accordance with the most basic and time-tested laws of economics. Price floors are not complicated science, son, they are thoroughly understood and can be graphed. The effect is always the same.
And who decides what labor is worth? Could it be... the market, which provides empirical data through price signalling?
>>80852155
Starbucks had around 191,000 employees as of 2014.
If you were to divide the CEO's entire salary among all of them, they would make...
$0.05 more per hour.
>libtards
>>80852155
5 of the businesses on that image are chain industries you fucking retard. They mainly consist of private business owners who bought a chain from the corporation and they're the ones responsible for employee pay, not the franchise.
The McDonald's doesn't even own half the Mcdonald's resteraunts in business right now
>>80856578
>price of milk: $500/gal
>>80856351
>Wanting
I was unaware that the secret of the German economy was giving the most important job in the company to whoever wants it more rather than whoever is most qualified.
>>80856351
My point is the higher you are at the ladder the more you need to take care of, you know you are responsible of.
Not every CEO sits all day doing nothing meme like Patrick Bateman.
They have to secure that the corporation doesn't go bankrupt and everyone loses their job, and keep those nagging share holders happy and the workers and the board and many other responsibilities.
This takes skill education and experience.
Not everyone has the skill set and steel nerves to be a good CEO.
Then some manager that just have to be worried that hes shop hes responsible for, runs out of stock.
And then your average worker that just has to listen to hes manager.
>>80853193
>decaf
>soy
>NO FUCKING FOAM
those people deserve to be gassed
T. Former batista of 5 years
Historically, the minimum wage in the United States has never been higher than $11. That point was reached in the late 60s and it was followed by one of the few nominal decreases.
Minimum wage workers should probably make at least $7 per hour in 2013 dollars. The minimum wage should then be pegged to inflation to prevent any further loss of value.
>>80853717
It is true that housing, college, food and insurance are increasing.
But not all of these increases are the same. College is increasing at a remarkable pace because there is no real upper limit on prices. People will pay top dollar to put their kids through college. Chancellors charge whatever tuitions they want.
In the case of food, we should be asking what kind of food. The proliferation of value-added-products has skewed the numbers on the fact that ordinary food has seen more modest increases.
Housing is a more regional topic related to land use and regional desireability.
>>80852155
Implying their work is worth that much....
If you are a racist nigger with bad attitude you deserve starving, not $15
>>80855097
>CEOs
>competent
>http://www.marketwatch.com/story/what-you-can-do-about-obscenely-high-executive-pay-2015-07-16
stock buybacks + Executive stock options can cause up to 10% stock dilution per year for fortune 500 countries.
Have an IRA? Well enjoy it becoming worthless.
>>80856684
>>80856744
>Deciding where to open the next Starbucks is hard
>>80852407
>worth
subjective
besides, word you are looking for is LUCK and GREED
>>80852155
>only the oligarchy can afford it in your example
Wew, lad.
>>80856971
Dude, look at the math, more specifically the failure there of. $1,300,000,000 / 300,000,000 is $4.33. That won't even buy a gallon of milk in a lot of areas.
>>80852155
>put all small businesses into hardship so you can only work for the oligarchy if you want to survive
Liberal logic
Who cares I have gold and doomsday portfolio. Crash this shithole.
>>80857528
oh shit, kek i didn't bother to check the math. retarded either way
>>80857431
Actually yes.
They wanted to open shop in Italy.
But as any coffee expert knows, their Italian baristas are holy and pretty superior in quality.
Just opening shop there investing in infrastructure and logistics wages.
Would cost starbucks millions and maybe billions of loss.
And their shares would take a hit.
And the CEO would get all the shit maybe even tank hes career.
>>80852155
Let's not forget that we have a minimum wage that has half the buying power it did in the 70s
>>80855190
>implying the CEO is the only exec making L U D I C R O U S sums of cash
>implying every employee under him is a serveline wagie
wew lad think critically
this is one of those word problems that have way more unknown variables than you think
>>80857790
>run the company into the ground
>become VP pick in presidential race
>no chance at the office, but whatev still rich as hell
what a life they must live
>>80852155
They deserve it. Fuck off and die if you are a useless eater that adds nothing to the world but a shitty opinion and a low vibration.
>>80857974
see this >>80855219
>>80852155
Wait aren't CEOs self employed
>>80857974
>Shareholders who appoint the CEO and determine his salary and bonus
>Everybody blames the CEO
|
|>
|&
|
>>80852155
And who is going to run the company and make sure you get paid anything?
Fire him why don't you and see what happens to your business.
>>80852155
We need a fucking plague.
>>80855539
Where the fuck do some of these celebrities get all this money from?
Through pirating
Concerts which the fees go elsewhere
Media?? Why would you watch a Tswift video 100 times
Who watches tv anymore?
I understand films and movies
Don't understand shit like pop singers
I don't even tune the fucking radio and Taylor isn't even on spotify
>>80857431
It probably is. If the job could be done for a $10 an hour shlub you can be certain that the shareholders would welcome shuffling 10,275 more dollars into their own pockets every hour. The claim that ebil corporate greed is why CEOs make "too much" money falls flat on its face under its own logic. It requires no outside knowledge to realize that the same people who sign the CEO's paychecks sign the workers'. If they could pay the CEO less, they would, because their aim is profit.
>>80858567
Royalties.
>>80855190
>>80856131
>If you aren't a retarded full blown commie you support corporatism!
>>80858088
Yep, what you can achieve with connections.
Facts of life, even in places like the Soviet Union.
Doesn't mean this is modus operandi.
>>80858231
CEO and owner and different
I made this for you, now shut up
>>80856536
wouldnt that stunt economic growth? No business would want to grow or else pay higer wages. Or how would smaller local companies compete with large outside companies that pay higher wages?
>>80852296
this
>>80858728
Please explain what that ix
>>80852479
For you.
>>80859533
Fucking /thread.
Also, without good leadership, business would go down in a short time, which in turn would result in firing many employees and so on.
>>80859533
Dubs of Truth
>>80859682
If said small business produces a better product and is popular and the client is ready to pay ten times more then lets say Mcdonalds.
Maybe they get a more wage.
It also has to do with the skill of the worker.
If your job is just flipping burgers.
I'm sorry no one in their right mind wants to pay you a comfortable middle class wage.
While they have to compete with low wage corporation.
Its just fantasy, they will go bankrupt.
No consumer is gonna go to your store and eat your burger just cause you say
>I pay my workers 20 dollars more that's why you pay 10 bucks more than at McDonald
>>80859809
you get shekels every time somebody plays your music
>>80852155
So in other words the salary of the CEOs of each of these companies is not even enough to give each of their minimum wage workers a 1 dollar raise?
>>80859809
Well if hes a big star he can get 130000 for every concert but that pocket money for him they do that just to promote their music.
The big bucks come from merchandise every time music plays on the radio or movie or sell a CD they get a penny.
But those can be 6 gorillian pennies see.
>1 person's salary vs. tens of thousand's people's salary
>muh inequality
typical left
>>80857431
>hurr durr, anywhere I open up shop will just have the money rolling in
Finding the right place to open a business is a serious challenge. You have to determine things like accessibility, local competition, the real estate, how close you are to your customers, ect.
You can just buy a plot a land, build, and expect to be a success.
>yfw these people actually think that everyone in a company should be paid the exact same
>>80859533
Post it on kikebook and revel in the delicious tears
Why do people sit and complain about the minimum wage being too low instead of expanding their skillset to be qualified for better jobs?
You can tell the person who made that has never been to college
>>80861339
Because that requires actual work and why do that when you can just whine about it.
>>80861510
You can?
>>80861339
What is true is that upward mobility pretty much sucks in most Western countries.
Back in the 70s and even in the 90s you could start out as a shitty clerk and end up a manager with a 6k figure if you worked hard and where smart or talk your way through.
Now the Americans and even Canadians have to to get some STEM or some economics degree, even here in my non-country.
To get to there.
And some risk a 100k debt above that.
Shit has become more a maze and its justifiable frustrating.
>>80861668
>what is interest
>>80852155
Pic related, we've had this conversation before
>>80861668
>paying only on the interest and not the principle
And from the look of her bill, she couldn't even pay enough to keep the interest down.
>>80855190
Just so you know, all the executives on every board and many many other higher up employees make a ridiculous amount of money too. OP was giving an example. Try thinking next time.
>>80853396
How many execs have a phd?
>>80854759
>uses a corporation's annual operating profit instead of the CEO's wage
>top 1% owns 22% of the wealth
>social mobility is low
>wages have been flat for 30 years
We really are the land of the cucks.
>>80852479
I was just about to post something similar to this. Why are millennials so fucking stupid
>>80852155
If the CEO's forfeited 99% of their wages it would MAYBE be a few cents extra an hour for minimum wage workers, and that's honestly being generous. It probably wouldn't even be a cent extra tbqh.
And why doesn't the CEO deserve more money than anyone else in the company?
>>80852155
I'm pretty sure all those are liberal faggot owned companies.
>>80854982
>ceos take the risk
Hahaha
>>80862326
>Implying wealth is a zero sum game
>People go to college and study useless subjects with no job growth and then whine about social mobility
>Automation and technology have improved production. Why should i pay someone more when they;re doing less work
>>80861668
>she fell for the student loan meme
I hope she enjoys being unemployed for the rest of her life.
>>80852296
> his
SHITLORD
>comparing 1 ceo to 10,000 workers
That isnt the conparison in op. That compares 1 ceo to 1 person earning 15 dollars, and 1 ceo is earning like 200 minimum wage earners
>>80862788
>doing less work
Americans are amongst the most productive workers in the world.
>wealth isn't a zero sum game
Then you must admit that the government is actively pursuing policies that have doubled the wealth of the top 1% since 1980, while shrinking the wealth of the rest of the country. As it stands right now, the top 20 richest Americans control more wealth than the bottom 50% (160,000,000 people).
How can you argue we have a meritocracy under these conditions?
>>80862225
None.
They have an MBA which is basically where you go for two years to network and bang college girls one last time. 0 educational attainment
>>80860913
Literally just guessing
In some places you have 2 starbucks on opposite corners of an intersection
The real issue is that CEOs make 2-8 times as much as CEOs in other countries who control similar sized companies.
>>80852155
>3$ an hour
The fuck man
>>80855190
Your math doesn't quite work, you're assuming everyone is working 40hr weeks.
Small businesses have to pay this too you fucking dipshit.
>>80852155
If OP applied himself maybe he could become a CEO one day instead of relying on a EBT card and shitposting on /pol/.
>>80863306
American's are more productive because they work longer but they don't actually "produce more".. Technology and automation have improved productivity while reducing manual worker input and hours.
Wealth inequality is a huge nothing. Someone having more money than you has no adverse affect on you. Stop being a jealous faggot.
>>80852296
It would be though, break up the salary of the CEO of DD by $7-$8 for every employee and he probably wouldn't even have a salary anymore
>>80858567
ad revenue, royalties, album/single sales, investments
>>80863675
I sincerely doubt places like Chipotle or Macy's would have you work more than 40 hours a week. Especially when they're currently going out of their way to reduce hours so they don't have to deal with the Obamacare mandate.
>>80864455
Not to mention things like commercials and endorsements
>>80855190
You forgot the basic rule of /pol/.
Always check the flag.
>>80852155
>just take the CEO's money!
The highest paid CEO there is Chipotle, at $13,489/hr.
If the CEO worked for free, then $15/hr could be distributed across 900 employees from that salary. Factoring in them already making $7.25/hr, they could raise the wages of 1740 people to $15/hr.
Google shows that Chipotle has 45,200 employees total, and it's safe to assume that many more than 1740 are making the current minimum wage.
The 1% isn't rich enough to pay for everyone's free shit, Bernie, try again.
>>80852155
Oy vey. Oy gevalt. IDS LIKE ANUDDA SHOAH!
>>80864464
People would work less than 40 hours a week because it costs the company less for the same hours.
>including franchises
>>80864464
Most of those places probably have less, which means the raise would be a little bigger, but still insignificant.
>>80864235
>wealth inequality is a huge nothing
How do you think they got the money? They siphoned it out of the very companies you are claiming don't have enough to pay workers a minimum wage at the 1950 rate. Do you think the wealthy have their own little economy somewhere that they are profiting from?
My concern about wealth inequality isn't about a base emotion like jealousy, it comes from a real concern about what happens to an economy when 10% of a population reeps the profit from the work of the other 90%. You only have to look at the 2008 or 2000 stock market crash to see what happens when the wealth of a country is too tied up in liquid markets. Readjusting our government policies to return the wealth inequality back to its historic ratio wouldn't be such a ridiculous idea.
>>80864838
Your math is elitist, shitlord.
>franchised companies
>CEO
Wages in franchises are determined by the franchise owner, who is probably some local middle class guy. Doubling the minimum wage would cost him like 50-70$ an hour, and he probably doesn't even make that much.
>>80865108
When you own the majority of the company, you get to enjoy the majority of the profits. And nothing was siphoned, They make what their labor is worth, if that worker wanted more money, they'd work their way through the chain or get a skillset that led to a better paying job.
Today's people enjoy luxuries that could only be dreamed of in the 1950s. Fuck off and take your ency somewhere else to other like minded idiots.
>>80864838
You're a literal cuck.
http://www.cbpp.org/research/poverty-and-inequality/a-guide-to-statistics-on-historical-trends-in-income-inequality
>>80855539
Imo actors and athletes kind of deserve their money, because they actually perform live or in studio. Sure there are thousands of supporters, but the celebrities are the ones who actually make it all happen, their industry revolves around them, they are the product
>>80861668
>Take out a small loan of 25k
>Turn it into about 75k in debt
>Get a worthless degree without actually learning anything
>Blame other people for something you walked into
I went to a small state school and worked while studying. My parents helped where they could, and I busted my ass getting good grades. Now I have a full scholarship for gradschool (and I'm a middle class white guy, so no handouts). Looks like she's just a fucking idiot.
>there are people who don't think that the wages of some jobs are overinflated compared to the effort put in
>>80852155
Minimum skills, minimum wage. If you can't bring something to the table, you don't get a good wage. CEOSs took risks and have to run an entire company, it makes sense that they get paid a lot.
>>80865613
Any wage worker in a profitable company earns less than his output practically by definition
>>80852155
Jesus christ this whole fucking debate is retarded. Does the minimum wage as it exists now provide a basic subsistence wage to all workers? No. Will a $15.00 minimum wage tank small and medium sized businesses, especially ones in small towns operating on thin margins? Most definitely. Why the fuck can this sort of thing not be sorted out by conducting impact studies and taking in to account the hardships small businesses already face in this country? I'm sure as shit that the best way to do this is by small incremental increases depending on the state, business size, and total income vs. labor cost. If the idea sinks one state it doesn't take the whole union's economy. But no, lets just make it a feel good sounding number that will result in widespread unemployment and the acceleration of automation for working class jobs. #Occupywallstreetlivesmatterfuckworking
>>80865613
>today people enjoy luxuries that could only be dreamed of in the 1950s
The same is true of the 1760s. Perhaps we should all be paid 10 cents an hour, eat bread, and ride horseback.
>they'd work their way through the chain
Economists have a measure for this. It's called social mobility. America ranks near last in it amongst industrialized countries.
>low social mobility
>high GINI
>low wages
Yeah, no problem here at all. You guys are literally cucks.
>>80866427
People are actually buying into the social mobility myth, kek.
Not even us Norwegian socialists are that stupid.
>>80866427
were the 70s a good time, grandpa anon?
>>80866991
Were the 1930s? That's what we're headed for now.
The 1950-1970s were considered the "golden age" of America. Nixon pissed off the ragheads, giving us an oil embargo, and he pissed off the Jews by taking us off the gold standard. Otherwise the 70s were pretty based.
>>80866984
Go back to Somalia, Jamal.
>>80862126
Okay, three things.
1: That was not the data I was presented with. I was presented with an asinine statement that, when analyzed in any depth, disproved itself. The high wage of a CEO is negligible next to the aggregate costs of employing tens of thousands of people. The argument is categorically rekt.
2: It is not a "ridiculous" wage, because companies do not succeed by paying their employees ridiculous wages. CEOs are employees. All high level management positions? Employees. They are paid according to their importance, the value of their skills and the competition for those skills, because the prerogative for the company is to make money and paying people "ridiculous" wages is a bad way to do it.
Third, I'd like you to take any of those examples I gave. Any of them. Now take the number of employees, and multiply it by 5. That is how many dollars it would cost in California to implement a minimum wage of $15, excepting the higher wages of a small percentage of the staff.
JC Penny? 525,000 dollars an hour. An HOUR.
Unless there are 40 people paid as well as the CEO in the company, it's a drop in the bucket
I should not have to explain this to you, but I'm going to do it anyway.
The consolidated net income of JC Penny for 2016 was 717 million dollars. Now let's see how many hours of operation it would take for the minimum wage to reduce those profits to zero by dividing the the cost of the pay increase hourly by the net income of the company.
1366 hours, or, 170 days, or 24 weeks, or six months. In one year, the company would go from making 717 million dollars in net profit to LOSING 717 million dollars. Most of the other companies listed would suffer worse. Either they somehow double their profit margin by raising costs without lowering sales, or they go out of business in one year, putting 220,000 people out of work.
Is it a bit clearer for you now?
Wow, these threads are popping up left and right, picking up an econ 101 book could avoid all of this in the first place, but hell, let's shill instead, why not.
>>80852490
This.
Show me a genuine video of Reagan actually using that term to describe his tax policy.
>>80852155
Even if all those companies forced their CEOs to work for free they'd only save enough money to give 200-1000 people raises.
OP has made one post.
Everyone hide and ignore.
Sage.
>>80852490
>>80867677
Or if you cut the tax rates on the rich , they get richer while leaving us with a deficit. See. >>80866427
Since the Regan tax cuts, the wealth of the country has been transfered into the hands of the wealthy. The top 1% controlled 10% of the wealth in 1979, now its 22%.
>>80852296
Breaking up the Walmart CEO's salary would allow them to raise 349 people making minimum wage in their company to $15/hr.
Doing the same to Chipotle's CEO would allow them to raise 1740 minimum wage employees to $15/hr.
Walmart has 2.2 million employees worldwide; Chipotle has about 60k.
However, the average wage of a Walmart worker is $8/hr and the average for Chipotle is $9.50/hr.
What do we make of these numbers...?
>>80867389
>the 1930s
We got really rich and killed a bunch of Natzees, right? Right?
I am genuinely curious as to why you think we're headed for a repeat of that specific decade. tl;dr: elaborate pls
>>80852155
>doesn't understand the distribution of labor
>hasn't read an economics book ever
>this is what they really think
why is the left so fucktarded?
>>80867456
I was agreeing with you.
>>80852155
You know who can't afford $15 an hour? EVERY OTHER FUCKING BUSINESS THAT ISNT PART OF AN INTERNATIONAL CONGLOMERATE.
>>80867609
You are talking to a brick wall man, the people you are trying to teach basic economics to don't want to learn them. They just want excuses for why they aren't accountable for their failures, they need a pie in the sky dream about how there is some entity working against them. It's not unlike any other social justice mentality, there is just a simple need to feel.oppressed or held down by some unseen entity so thay they can complain about how everything is someone or something else's fault. It's basically a crutch.
>>80868294
Well neither have you it seems.
>>80868126
Well, the "top 1%" is a bit deceptive since it includes people who sell their houses in one year, or people who win the lottery, or who receive some other large payoff that may or may not be indicative of their earning power throughout their lives.
The actual permanent wealthy class in this country isn't made up of CEOs, though. It isn't made up of people paid salaries for what they do and taxed on their income, with the exception of movie starts and professional athletes.
It is bankers. Hedge-fund managers. Investment Bankers. Investment Bank Insurers. The sort of people who sold trillions of dollars worth of "sub-prime mortgages" disguised as decent investments to each other, and then collected insurance on the investments when they failed from still others of their number, who were then bailed out by the fed.
These people pay capital gains tax IF THAT, and it doesn't matter how much you attempt to tax them because the Federal Reserve will simply print more money to give them.
This is the reality of the situation: If you care about the fact that a small corner of this country is brutally abusing the financial system for their own benefit at the expense of everyone else, stop blaming the people who actually work for a living. The fucking Jews aren't CEOs or upper management at corporations they're bankers, and they always have been. The American Revolution happened because these cocksuckers were trying to stop the colonies from printing their own scrip. They are your enemy, not businesses that actually provide services for people.
You'll notice that nobody ever defends bankers or investment insurance companies. There's nothing to defend, they're pure evil fraudsters and everyone knows it. If the Left did not level their attacks at people who actually provide value for the economy, like CEOs, like hard working businesses who actually start businesses, there wouldn't be any discussion left, we'd be out gassing the porky kikes by tomorrow morning.
>>80868882
Pretty much this, getting angry at the CEO of Starbucks is cute, but solves nothing.
>>80857974
Okay, so lets assume the big wigs in a company get bumped down to 15 dollars an hour so all their wageslaves can get a raise of maybe a buck fifty.
You now have the people working far longer and with more responsibility than your typical pizza-faced cashier running the company with wages that can barely support two or three people. What they do? Fucking quit. They don't need to deticate a vast majority of their lives and talents just to make slightly more than a nigger who dropped out of high school to boxes for eight hours.
So, everyone in charge packs up and goes home, the company gets sold and- whoops! Looks like your precious little wageslaves are making zero dollars an hour now.
>>80868882
>it includes people who sell their houses in one year
Does it? You don't get wealthier from selling your house. You just swap one asset for another.
>or people who win the lottery, or who receive some other large payoff that may or may not be indicative of their earning power throughout their lives.
Both incredibly rare though.
>It is bankers. Hedge-fund managers. Investment Bankers.
Why would they have more money than CEO's? People who own the banks might be super rich, the people who work for them and play with their money will be well off, but it's not like they get all the money they make and shitty dealings.
>it doesn't matter how much you attempt to tax them because the Federal Reserve will simply print more money to give them.
The Fed only loans money to banks, not anybody personally. But of course people who own the banks will benefit.
I agree the Fed is the cause of most of the wealth equality we have right now though.
>>80870592
Have you ever seen the fucking bonuses that Bankers get when they sell a huge account, or rip people off with shit like the sub prime mortgage set up,or that huge CDO bubble? You don't need to own the bank to make ridiculous amounts of money working for a bank.
>>80852155
It's not a question of whether, say, a fortune 500 company can afford it. The increase will inevitably drive up prices. Landlords will realize people have more cash on hand and increase the rent. Unless you have laws in effect to stop this, a $15 wage is utterly pointless (and will likely eliminate the few manufacturing jobs left in the USA). But yeah, Clintrump will make it all better, suuuure.
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