Cut the billionaire and corporate taxes, this is what happens! Rich get richer and inflation swallows everybody else!
You can thank Trump and the republicans for this!
CEO pay is rising faster than it has in a decade — and 3 times as fast as worker wages
Submitted 5 months ago by return2ozma@lemmy.world to workreform@lemmy.world
https://qz.com/ceo-pay-increasing-three-times-faster-than-worker-pay-1851543952
Comments
danc4498@lemmy.world 5 months ago
r00ty@kbin.life 5 months ago
No! Those trickle-down economics they told us about will be kicking in any time now! I'm certain!
Anticorp@lemmy.world 5 months ago
Wealth flows up. Yeah sure, it trickles down too. But what happens when you build a pump that makes water from a basin flow up into a tank, and only let it trickle back down? The tank gets fuller and the basin loses its water.
Prior_Industry@lemmy.world 5 months ago
Yeah but what about when you become a Billionaire you would get the tax cuts too. Just a matter of time 🤫
fluckx@lemmy.world 5 months ago
Just pull yourself up from your bootstraps. Some of us only got 1 million dollar to make it when we turned 18. /s
Anticorp@lemmy.world 5 months ago
And that $1 million was actually something like $245 million. Lying liar always lies.
UraniumBlazer@lemm.ee 5 months ago
All thanks to the CEO union- the government
Sanctus@lemmy.world 5 months ago
This place fucking sucks
floofloof@lemmy.ca 5 months ago
Joke’s on them: three times my raise is still zero.
jaybone@lemmy.world 5 months ago
They know what they’re doing.
Cybermonk_Taiji@r.nf 5 months ago
Robber Barons of our New Gilded Age.
Bow down to your lords, peasants.
some_guy@lemmy.sdf.org 5 months ago
No, you see, the thing is, Lonnie brought $55B worth of value to Tesla. It’s earned. If you can’t see that, that must be why you’re not a billionaire.
/s
RHSJack@lemmy.world 5 months ago
I know my value, too. So when I leave my retail job, I KNOW the company is going to give me a gazillion dollars because of the value I brought to it…I steal your /s and cry into it like a pillow
deltreed@lemmy.world 5 months ago
The term ‘CEO’ is individuals who exploit legal loopholes to unjustly enrich themselves at the expense of others, while being rewarded for such unethical practices. They serve no real value that can’t be accomplished by those under them.
eran_morad@lemmy.world 5 months ago
It ain’t gonna get better unless we take drastic action.
HeyJoe@lemmy.world 5 months ago
At least someone’s outpacing inflation.
Anticorp@lemmy.world 5 months ago
Well yeah. They hold the power. They make the decisions. And they really like money. Shareholders have shown that they’re okay with the ridiculous compensation packages that CEOs build for themselves. Most notably was Musk’s 59 BILLION dollar compensation package with is absolutely completely fuckin ridiculous bonkers, but his shareholders approved it for who knows what reason. Fucking morons.
feedum_sneedson@lemmy.world 5 months ago
many money
feedum_sneedson@lemmy.world 5 months ago
kill them all, figuratively speaking
undergroundoverground@lemmy.world 5 months ago
Well yeah, the real power (capital) is making even more money from their work. Of course they’ll pay them for being better at it. Its cheaper to pay CEOs more to be horrible than it is to pay people more.
Capital is the problem and shareholders are delighted when anyone takes out their anger on CEOs. I mean, its part of what they pay them for.
wafflez@lemmy.world 5 months ago
Only 3x?
Allonzee@lemmy.world 5 months ago
Honestly at this point the 95% should just tell the 5% to keep sucking eachother off and buying eachother’s space tourist rocket yachts while we go off and make cooperative socialist communities.
sturlabragason@lemmy.world 5 months ago
This is prosperity being stolen from us!
50% of the worlds wealth stolen from us by the 1%.
xep@fedia.io 5 months ago
Is it only 50%?
Cybermonk_Taiji@r.nf 5 months ago
That somehow is called slavery and it “worked” for a long time. It’s their only true goal.
Allonzee@lemmy.world 5 months ago
Overt slavery was hard, and got harder at scale.
The owners figured that out after Jim Crow fell.
Since then, they stumbled upon a solution born of modern technology.
Just propagandize your labor pool into enslaving themselves into believing it was their idea, and just as importantly, propagandize them into hating and blaming those peasants who didn’t fall for that propaganda as the reason for all their owner caused misery.
sxan@midwest.social 5 months ago
Have you heard of Holocracy? It’s one of the more popular of set of flat, self-organizing management structures; it’s been tried at a few big name companies, with limited success. I think failures at this point are easily attributed to sheer novelty and lack of experience, and good guidelines for avoiding pitfalls, more than a fundamental flaw in the concept. One of the big issues I see needing to be addressed is ego; we will never get rid of self-proclaimed alpha types, and extroverts will always have an advantage in rising in the ranks regardless of competency. These sorts of issues can sabotage - even without malicious intent! - these flat structures. Some people will simply tend to accrue influence and power. But another issue is overcoming the tendency to bikeshed. Companies who’ve tried, and failed, to execute Holocracy, Sociocracy, Matrix Management, and Lean Management (there are a few of these styles) have been pretty good at documenting the weak areas that causes struggles and failures.
Anyway, I’m quite keen on these approaches; companies employing them are just hard to find.