We should cut their pay.
CEO Pay Has Risen 1,085% Since 1978, But for Workers? Just 24%
Submitted 2 months ago by return2ozma@lemmy.world to workreform@lemmy.world
https://www.commondreams.org/news/average-ceo-pay
Comments
Bluefalcon@discuss.tchncs.de 2 months ago
tquid@sh.itjust.works 2 months ago
Just a bit off the top, please
Hazor@lemmy.world 1 month ago
Best I can do is 98% off the top.
Showroom7561@lemmy.ca 2 months ago
Pay raise means jack all for ordinary people. Our buying power went down a lot more than 24%.
chicken@lemmy.dbzer0.com 2 months ago
This does seem to be adjusting for inflation; according to one of the sources they cited:
From 1979 to 2020, net productivity rose 61.8%, while the hourly pay of typical workers grew far slower—increasing only 17.5% over four decades (after adjusting for inflation).
That said I think there’s some problems with how inflation is calculated, and the implications of the distribution of total ownership of wealth isn’t really mitigated by increasing affordability of consumer goods.
b3an@lemmy.world 2 months ago
So we should be paid what, 3x more? Or am I too reductive? I’m trying to understand how much we SHOULD be getting then (in 2020 btw), and now more actually, as shit got expensive af thru Covid and is still lingering today.
WatDabney@sopuli.xyz 2 months ago
And here we have the root cause of every other problem that plagues the US - the entire nation, socially, politically and even psychologically, has been warped towards the sole purpose of pouring as much wealth as possible into the pockets of a relative few.
spankmonkey@lemmy.world 2 months ago
Always has been.
The United States was founded by land owning business owners who didn’t want to pay taxes that didn’t benefit them directly (partially justified because of what it was for) who owned slaves and committed genocide to expand territory. The most venerated citizens are those that built their wealth by ruining the lives of their workers, abusing the patent system, and gangsters. Today’s hustle culture is just the current trend of tricking the poor into working 24 hours a day since we only get to have legal forced slavery in prisons.
US culture has always been about the centralization of weath.
SlopppyEngineer@lemmy.world 2 months ago
That’s human history. The wealth gets pulled towards a small elite because king, high priest or banker. It reaches a peak and then there is a revolution, the debt records are burned and the land is redistributed. Measures are out in place to prevent wealth concentration and the new elite starts chipping away at the measures. Rinse and repeat.
We know this but always choose to ignore the dynamic.
givesomefucks@lemmy.world 2 months ago
It’s understandable republicans ignore the obvious cause, that’s what they do, just deny reality.
But it really fucking sucks Dem leadership does the same thing. There’s Bernie, AOC, a handfull of other progressives that will openly say this is the problem, but a “moderate” won’t say they’re the problem.
We need to take the party back to where it was 80 years ago when FDR pushed to limit pay to fight wealth inequality.
Moderates stopped him back then just like they did for universal healthcare tho. So 80+ years later we’re still fighting for it.
blazeknave@lemmy.world 2 months ago
No! It’s the browns and the Jews and the gays and them book learned women! No 99%!
state_electrician@discuss.tchncs.de 2 months ago
Sounds fair to me. I keep reading every year that the super-rich get ever richer, so these CEOs have clearly done their job. Exploit everything and everyone to make their billionaire masters richer.
some_guy@lemmy.sdf.org 2 months ago
As it should. They bring so much value. /s
We need to rise up and topple this gd system.
Clinicallydepressedpoochie@lemmy.world 1 month ago
Yeah but they do 1,085% more work.
CarbonAlpine@lemmy.world 1 month ago
phneutral@feddit.org 1 month ago
For any EU citizen I can recommend to sign the official petition to the European Commission — so that billionaires can finally contribute their fair share to society: www.tax-the-rich.eu
radicalautonomy@lemmy.world 2 months ago
The photo of Leon dancing to Copacabana is making me feel more than a little punchy.
Donebrach@lemmy.world 2 months ago
Kill them, obvious answer.
explodicle@sh.itjust.works 1 month ago
WTF happened in the 1970s?
13esq@lemmy.world 1 month ago
Neoliberalism
FarFarAway@lemmy.world 1 month ago
Telodzrum@lemmy.world 2 months ago
Median household income has increased over 400% in that period.
Kyrgizion@lemmy.world 2 months ago
That’s never getting fixed through voting. Only violence will change things. These cunts seem to forget that once we have nothing left to lose, they have EVERYTHING to lose.
return2ozma@lemmy.world 2 months ago
Image
NegativeInf@lemmy.world 2 months ago
Well, here I go clubbing again.
BrioxorMorbide@lemm.ee 2 months ago
Well, if the government heavily taxed everything above like 100 million $$$, then the money would flow back into the economy, which it obviously doesn’t while being sat on by pathologic hoarders.
solsangraal@lemmy.zip 2 months ago
the most obedient and loyal slaves are the ones who think they’re completely free
Ghostalmedia@lemmy.world 2 months ago
People should push for ballot initiatives in the half of US states where citizens can practice direct democracy.
golli@lemm.ee 2 months ago
I 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.
avidamoeba@lemmy.ca 2 months 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.
ICastFist@programming.dev 2 months ago
Because shareholders can pay some armed thugs to keep them safe from the dirty plebs, which is cheaper than paying said plebs decent wages
where_am_i@sh.itjust.works 2 months ago
no, half of your country votes for trump. You have absolutely no right to complain about voting not working or calling for violence.
Again, half of your country strongly disagrees with you and you suggest violence? No wonder your democracy is so bleak.
Cethin@lemmy.zip 2 months ago
Your comment is partially correct, but not totally. 63% of republican voters want to increase taxes on the wealthy and large corporations. Reoublican voters are just very stupid and are easily convinced to vote against their own interests because you can easily scare them with some “other” that isn’t a threat.
chonglibloodsport@lemmy.world 2 months ago
It’s even worse than that. The Republican side is full of all the gun enthusiasts. In a civil war I don’t like the “north’s” chances this time around.
Not to mention all the fighter jets, bombers, tanks, and drones the military has.