CEO raises minimum wage to $70000, takes $70000 wage himself until profits are met.

[Deleted member 848]

I get that you like to use big words to make yourself feel smarter about a subject you know jack**** about, but you're not getting it. You asked if there was a way to standardize pay among high management on ALL companies. That eliminates the choices, the free will of the people who started the company. That ain't no straw man.

No, but shifting the conversation to what I thought about free will was just stupid and disrespectful to respectful dialogue that was preceding it. Stay in your lane.

Also, get some reading comprehension. I didn't ask for standardized "pay"-- I asked for standardized regulations that would limit pay. There's a difference, o "knowledged" one.


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[RandyForRubio]

McDonalds, Nike, IKEA, and a retail clothing store here. Got my first job at 14, consistently worked 15-20 hours a week until I hit third year university (worked full-time in summers). Impossible to work that much, get good marks, and volunteer as much as some grad programs want you to unless you're a super genius with photographic memory (which I am not). I've worked tons in my young years, compared to my peers in university.


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Well at least you have some experience. Good for you.

 

[RandyForRubio]

No, but shifting the conversation to what I thought about free will was just stupid and disrespectful to respectful dialogue that was preceding it. Stay in your lane.

Also, get some reading comprehension. I didn't ask for standardized "pay"-- I asked for standardized regulations that would limit pay. There's a difference, o "knowledged" one.


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Is being condescending your knew schtick? Just curious, cause it's been getting worse.

Limiting pay is an attempt to standardize pay. Just a small step towards it. Besides, why should an owner that started his own business have to listen to somebody outside of his/her business on what their pay should be?!

Honestly, some should be paid a lot less. Some should be paid more. I stand by that it is the owners right to be paid as much, or as little, as he wants.

And it's not that hard to live frugally. I'm married with a kid on the way, and I make a whopping total of $40000 before taxes. My wife and I have no debt, and I save enough to pay her tuition. Somehow we're still managing to eat healthy, have fun, and save money. Its not impossible, just takes a little responsibility.

 

[Dr. Jones]

Gotta run. Will check back and respond later.

 

[Gameface]

The definition of America is dynamic-- it can change, has changed, and it will change.



so to you, it's better to have this system in place that allows for rampant, unethical financial behaviour purely in the sake of maintaining technological advance over our competitors? Do these technological advances matter if our citizens are unhappy?


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One small point, technological advance is good for humanity as a whole. The U.S. advancing faster than our "competitors" is good for the U.S., no doubt, but eventually every advance benefits all of humanity.

Moving the technological ball forward is our collective best way out of our current situation and on to a bigger, better, brighter future for humanity.

 

[b_line]

I think PKM has a great point about companies being smarter. I will never forget when gm was losing money hand over fist at the end of the last decade, and getting government bailouts. there was some questioning of the BoD on why the ceo just received over $15 million in salaries and bonuses, and the response was "if we don't pay that, he will leave! Then where would we be?" How stupid do you have to be to allow a ceo to ruin a company, then give him even more money to continue to do a ****ty job?

I think there should be some standardization of a minimum pay and maximum ratio of pay in companies that rely on government contracts or government assistance. In private companies that deal with private commerce, the only wage restrictions I believe in are minimums.

 

[RandyForRubio]

I think PKM has a great point about companies being smarter. I will never forget when gm was losing money hand over fist at the end of the last decade, and getting government bailouts. there was some questioning of the BoD on why the ceo just received over $15 million in salaries and bonuses, and the response was "if we don't pay that, he will leave! Then where would we be?" How stupid do you have to be to allow a ceo to ruin a company, then give him even more money to continue to do a ****ty job?

I think there should be some standardization of a minimum pay and maximum ratio of pay in companies that rely on government contracts or government assistance. In private companies that deal with private commerce, the only wage restrictions I believe in are minimums.

This seems closer to a better solution than anything else. If you want to suck off the governments teat, then you can be micromanaged by them. Only question would be what would the government consider assistance? If you go off of the 'you didn't build that' speach, then the government is assisting in everything. Or what if you lease land from the state? Does that count too?

Well thought out post b_line.

 

[franklin]

Franklin disapproves of such populist ********.

**** off. I only invested in companies with selfless CEO's like this, only ones who do it for their investors and the companies they co-own.

 

[franklin]

https://www.youtube.com/watch?v=1KR-UMn3p7E

I'm guessing this populist ******** video is from the young turks channoh.

 

[Deleted member 848]

Gotta run. Will check back and respond later.

Eagerly await your post


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[Deleted member 848]

One small point, technological advance is good for humanity as a whole. The U.S. advancing faster than our "competitors" is good for the U.S., no doubt, but eventually every advance benefits all of humanity.

Moving the technological ball forward is our collective best way out of our current situation and on to a bigger, better, brighter future for humanity.

I think technology can perpetuate socioeconomic stratification identically to the strata perpetuated currently. I really do. I'm pessimistic about technology solving everything.


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[franklin]

Okay, for a more serious question. Will the socialites ever realize the value of motivation? There are plenty of studies regarding overcompensation and the negative impacts it has on quality of life for the receiving end.

Those who quote happiness abroad never a) compensate for the US pulling their asses up out of perpetual economic anemia and b) use non-biased studies to measure "happiness". Instead it's all filtered through their version of happy misery, which is something I (we) don't want.