Originally posted by cromag: ...and the growing wage gap from CEO to worker.
Isn't this wealth redistribution from the bottom to the top?
+++++++++++++++++++++++++++++++++++++++++++++ Absolutely ... not. The wage gap reflects the differing value of the services of the CEOs and the workers. Those differences are the result of supply and demand; i.e., a lot of people can do what most workers do but few people can do what most CEOs do. If you or I think that the gap is unfair, that's irrelevant. The gap is fair (or natural) because the companies (through their boards and shareholders) have decided to pay the CEOs a lot more than the workers. The real wealth redistribution occurs when the government comes along and decides that it knows better than the companies how the CEOs and workers should be paid, increases the taxes on the CEOs and gives the money to the workers. Actaully, I don't really think that the government thinks it knows better, it is simply buying votes.
Actually, I'm afraid you're wrong. Elected officials do, for the most part, think they know better. It is firghteining to listen to the Barney Franks and Pelosis and Reids (sp?) as they pontificate on how business are being run just as I am sure some on the other side are frightened to hear conservatives.
Posts: 929 | Location: Connecticut | Registered: August 22, 2008
Originally posted by WiJosh: there is also much less demand for those things.
There is more demand for engineers, doctors, professors, teachers, plumbers, electricians, garbagemen and policemen.
As for movie & sports stars. What can I say?
The typical Joe sixpack is not jealous & envious of other people's money nor other people's power. He's been told not to be that way. He is however jealous and envious of other people's intelligence.
Originally posted by nixdad: The real wealth redistribution occurs when the government comes along and decides that it knows better than the companies how the CEOs and workers should be paid, increases the taxes on the CEOs and gives the money to the workers. Actaully, I don't really think that the government thinks it knows better, it is simply buying votes.
However I don't think the money actually goes to the workers as much as it does the non working government cheese eating slugs, which unfortunately have the same vote value as those who work for a living.
There is more demand for engineers, doctors, professors, teachers, plumbers, electricians, garbagemen and policemen.
As for movie & sports stars. What can I say?
and they are paid according to the difficulty of there job and demand for their job...
and i would still say there is much more demand for a competant CEO who can run a company succesfully and make the company millions if not billions of dollar's. when they are able to do this they deserve to be paid oodles of money.
Originally posted by nixdad: a lot of people can do what most workers do but few people can do what most CEOs do.
That's naive nonsense.
There are more CEOs than astronauts, olympic champions and nobel prize winners.
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That's economic drivel. Astronauts are not in it for the money and olympic champions and Nobel prize winners aren't even jobs. My quote above, in the business world, is correct. I'm a lawyer and my secretary is not. A lot more people can do her job than could do mine. That is the main reason why I make more money than her.
Originally posted by nixdad: a lot of people can do what most workers do but few people can do what most CEOs do.
That's naive nonsense.
There are more CEOs than astronauts, olympic champions and nobel prize winners.
*********************************************
That's economic drivel. Astronauts are not in it for the money and olympic champions and Nobel prize winners aren't even jobs. My quote above, in the business world, is correct. I'm a lawyer and my secretary is not. A lot more people can do her job than could do mine. That is the main reason why I make more money than her.
Yeah, but I'll bet you a whole lot of money that you don't make 300-800X more than her, which is what the average CEO to worker earnings ratio is.
What I'm basically saying is that wealth redistribution has been going on for quite some time now, i.e., the wealth has been redistributed from the workers to the CEOs.
