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Comment on CEO pay has skyrocketed 1,460% since 1978

The problem is this people in the top positions don't see anything wrong with this.

I remember telling my republican friend that companies would easily raise worker pay. He laughted said that hamburgers would cost $20. I said you don't need to raise the price of the product, the people at the top could make less money. He then said "Oh, they are NOT going to do that."

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givesomefucks@lemmy.world ⁨9⁩ ⁨months⁩ ago

He laughted said that hamburgers would cost $20.

They always say this, but when you mention the Nordic countries where wages are at least twice ours and fast food is pretty much the same cost, they start ranting about how any country that properly uses socialism doesn’t count.

And they almost always end up saying something racist

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XEAL@lemm.ee ⁨9⁩ ⁨months⁩ ago

Oh, they are NOT going to do that.

He’s not wrong and that’s issue.

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newthrowaway20@lemmy.world ⁨9⁩ ⁨months⁩ ago
Well of course they don’t see anything wrong with this, they’re getting paid not to see anything wrong with it. They’re paid astronomical amounts of money to keep the status quo by people even richer than them.

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SCB@lemmy.world ⁨9⁩ ⁨months⁩ ago
Cutting CEO pay would not affect worker pay that much.

Fortune 500 CEOs make, on average, about 17MM a year. The average Fortune 500 company has 52k employees.

If you split their entire paycheck among just the bottom 50% of employees you’re looking at like $3 per hour. That’s… okay. But now you don’t have a CEO, and this isn’t really sustainable with any sort of inflation.

If you instead raise prices one cent on whatever product or service, you almost certainly will have more money to divvy up among employees, and it’s sustainable.

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- pthaloblue@sh.itjust.works ⁨9⁩ ⁨months⁩ ago
  Giving everyone a $3/ hr pay bump from eating an overpaid CEO sounds like a pretty great start
  
  But now you don’t have a CEO
  
  Added bonus!
  
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  - SCB@lemmy.world ⁨9⁩ ⁨months⁩ ago
    Except in the real world that is not a bonus.
    
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Da_Boom@iusearchlinux.fyi ⁨9⁩ ⁨months⁩ ago
I mean, hamburgers already cost around $10-$15 anyway… and that’s without workers getting a pay increase

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