Because shareholders can pay some armed thugs to keep them safe from the dirty plebs, which is cheaper than paying said plebs decent wages
Comment on CEO Pay Has Risen 1,085% Since 1978, But for Workers? Just 24%
golli@lemm.ee 1 month agoI am actually still not sure why it isn’t fixed through voting. And I mean shareholder-voting, not public voting.
But after things like Elon Musk’s compensation package getting approved (again) it cleared won’t work through that mechanism either.
ICastFist@programming.dev 1 month ago
avidamoeba@lemmy.ca 1 month ago
Why would it be fixed through shareholder voting? Most employees aren’t represented in those votes. The major shareholders have fundamentally different interests that are opposed to the interests of the employees. If employees were a majority shareholder, then that could work, but that’s almost never the case.
golli@lemm.ee 1 month ago
My comment was aimed more towards the excessive CEO pay, not the stagnation in worker’s pay.
Probably not the best source (just one of the first Google results), but if I read something like this:
Then it seems to be like the shareholders somehow got the short end, despite being the ones with the power to make changes.