These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m
if you’ve ever worked food service in your life you should instantly be able to calculate how fucked wages are. in 1 hour you make dozens of meals that cost $10+ while getting paid maybe $10 or $15 per hour. it’s obscene
SinningStromgald@lemmy.world 8 months ago
A good reason to have laws regulating the maximum pay gap between executive and the lowest paid peon. And make sure to include all types of pay like stock options so companies can’t squirm out of it.
pjhenry1216@kbin.social 8 months ago
I'm ok with this, but it's essentially just a step toward socialism which is the better option (but will never happen). Because all this will do is make CEOs less wealthy from the company itself. The investors still make tons more than the CEOs already and they don't do anything. You need to force revenue sharing essentially which is just socialism with extra steps. Cause CEOs will just end up investing in other companies and still be wealthy and get less compensation from the company itself.
TropicalDingdong@lemmy.world 8 months ago
I mean, it’s a pretty big step. It would basically make it such that a company has to expand it’s footprint to grow revenue.
Wilibus@lemmy.world 8 months ago
I don’t think the point is for them to be less wealthy, the point is you shouldn’t make more than 600 times what half your employees make.
Semi-Hemi-Demigod@kbin.social 8 months ago
Exactly. Increasing pay would be really, really nice. But we can do that and have more control over our workplaces. Worker owned companies would prevent huge disparities in pay from reoccurring, regardless of what the government does.
Like a wise and angry man once said: "Fuck the G rides, I want the machines that are making them."
Franzia@lemmy.blahaj.zone 8 months ago
Socialism is the abolition of social classes. Regulating capital is usually called Social Democracy, or Marxism. Honestly, sieze the means of production.
Steeve@lemmy.ca 8 months ago
Hey I said this like 6 years ago on Reddit and I got downvoted and called a fucking idiot lol
FlyingSquid@lemmy.world 8 months ago
Why do we not have a maximum wage when we have a minimum wage?
I_Fart_Glitter@lemmy.world 8 months ago
Because this is America and if you make rules like that you’ll crush the American Dream ^tm^ and no one will want to work at all because you’ve taken away their ability to daydream about one day being the disgustingly rich person doing the trickling instead of the disgustingly poor person waiting to be trickled on.
AnotherPerson@lemmy.world 8 months ago
I’d be absolutely ecstatic for a 1:4 ratio.
Screwthehole@lemmy.world 8 months ago
That’s just bringing down the top without helping anyone. Need to lift from the bottom instead