Comment on Charities of Employees from "non-profit" I was going to donate too
Carrolade@lemmy.world 1 week agoHypothetically, if you were looking at two civil engineering jobs, and one paid 100k/yr, and another paid 200k/yr, which would you pick?
Would it matter much if any of the construction guys doing the actually construction of your projects made 50k/yr? Are they less talented than you for that?
It’s not so much about “talentless hacks” vs “a decent job” as trying to entice the best person you can afford.
derf82@lemmy.world 1 week ago
Depends on the job. But I make less than both those numbers. And the construction journeymen make more than me, actually.
Yes, they make less because they are less talented. I completely disagree with your assertion that these executives are more talented. I have yet to meet a business major that wasn’t an absolute moron.
What evidence do you have they are more qualified, besides some paradoxical “they must be because they are in the position” reasoning.?
Carrolade@lemmy.world 1 week ago
It’s not an absolute, it’s just an incentive. Talent is also an intangible, it cannot really be measured. Nor does high pay in some way guarantee you will get a talented or qualified person for your position, it just gives you better odds. It’s bait, basically, but you cannot guarantee your bait will work to attract what you want.
I’m not sure of any evidence, I’m not an economist. I’m discussing the theory of how capitalist systems are intended to function. How well they succeed at this is very messy and muddled at best.
Lastly, I actually disagree that our hypothetical construction person makes less because they are less talented. It’s that their skill is in lower demand. They could be extremely talented, but there are simply more of them available, so less needs to be offered to attract them.
derf82@lemmy.world 1 week ago
Convenient the C-Suite sticks to a theory that massively benefits themselves. Sorry, it’s bullshit.
And there is ample evidence. Look no further than how every other employee is treated. Do you think they could get the best veterinarians by paying say, $300,000/year? Of course. But they don’t because they recognize the diminishing returns of thinking they have to have the best. But somehow the C-suite makes itself immune.
And that goes back to your example. As an engineer, I can tell you that construction trades are in HUGE demand. Same with civil engineers. Yet pay isn’t going up, at least not much.
Executive pay has gone up far faster than pay for regular workers. Sorry, I don’t buy the explanation that somehow they are the only group struggling to to find top candidates.
Carrolade@lemmy.world 1 week ago
The CEO does not set his own compensation. He is hired by the owners of whatever company to operate it for them. They ultimately determine the compensation.
I agree there’s no struggle to find top candidates, that’s for sure. That’s partly because the compensation tends to be very good. The trades, which do not compensate as well as a chief executive, are struggling more. If plumbers frequently pulled CEO pay, we would not have a shortage.