But there's more to the story, as told by the American Enterprise Institute: Actually, the Obama spending binge really did happen - AEI | Economics Blog » AEIdeas
Last edited by Mycroft; 03-21-15 at 10:59 PM.
There are economists and others who know about this. One whose book I have read is Naomi Klein. I am not an economist.
But considering (from memory and notes) that in 1980 the average CEO made 43 times what the average worker in his company made, and that in 2005 that changed to 411 times what his average worker made, something is wrong.
I make no claims to knowing the answer, how to correct something like that, but it is not difficult to understand that such trends and statistics work against the notion that any sort of equality exists on a basic level. Just as they can assign reasons for that disparity, somebody can come up with a solution. Not me, but somebody can.
The point is that (from my previous post) various ratios are going the wrong way, assuming one buys into that romantic notion that ours is a democratic society in which anybody willing to work hard can get ahead and support a family, and that all men are equal before the law.
Do compassionate corporations exist, or is the bottom line the only thing that drives American industry today?
You now have created a serious dilemma; the larger the corporation/company then the more that the CEO is responsible for, and yet a cashier, shelf stocker or forklift operator does the same "little" job regardless of how large that their employer happens to be, there are simply more of them working for the larger company. If we set the CEO's pay based on the average worker's pay (using some ratio) then the CEO of Walmart would be paid the same as the CEO of Dollar General (or any smaller retail operation).
A similar dilemma occurs for companies that use more highly paid "average" employees, such as the NBA or a pharmaceutical developer - should the CEO of the NBA or Big Pharma make "way more" than the CEO of Walmart or Burger King?
Last edited by ttwtt78640; 03-22-15 at 09:18 AM.
“The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman