How'd You Feel If Your Boss Made $486 For Every Dollar You Make?

[joko104]

Cons take the side of freedom. Because they also want to be wealthier and they know that capitalism works better than socialism at achieving happiness.

Conservatives and capitalism promotes upward mobility. Liberalism and socialism promoted downward mobility. Their opinion is that everyone at the bottom should get a little more - and everyone should be and stay at the bottom except for the masters in government who have all power and all wealth.

 

[joko104]

That is what makes outsourcing so popular. Why pay workers American pay and benefits when you can outsource the work to India. For example, in the architectural world, you send your plans to India for "re do" at 5PM, and they are on your computer by 8AM the next day. Why not buy assemblies from China in stead of pay an American assembly plant to do the work? Why not outsource call centers and clerical work to other countries and save a bundle on wages and benefits?

CEO's are often paid on increased profits. Cheap labor = high profits. When your competitors do it, it means you must do it to survive. That is why we are so bleeped.

What do you think core Trump hate is about, anyway. It's not just the noisy ignorant partisans! They are just fluff. It's the very bright, wealthy, new and old money multi nationalists that have the most to lose by Trump changing the nations supply chain. You don't hear much about them because they own the media, too.

Don't blame the CEO's blame the owner and board of directors who write the incentive packages.

Fun fact to research: Look into the 1/4 billion Melissa Meyers brought down as she destroyed Yahoo. It's all about monetizing by gifting the stockholders out of imaginary wealth.

There is no free and independent American press and media. They all went bankrupt with the Internet and were bought up by the corporate super rich of the world to use and their PR propaganda outlets. Accordingly, they promote their foreign child labor sweatshops, support mass immigrant to have a massive over supply of workers to keep wages at the absolute minimum, demand the government subsidize their employees with welfare, and demand huge levels of welfare for those whose jobs were lost to avoid a revolution.

Without a free and independent press and media, Democracy can't work. With an educational system that teaches students to hate their country that country will not survive well for long. President Trump is correct. The propaganda outlets of the global corporations and super rich are the worst enemy our country has.

 

[joko104]

Still another thread that Democrats rush to again claim their hatred of the United States and capitalism on behalf of socialism, fascism and communism. However, no one more LOVES the global super rich than the Democratic Party doing EXACTLY everything they want no matter how much it harms our country and harms Americans.

Every one of the millions of uneducated illegal migrants continuing to come to the USA are coming to take Americans jobs and obtain American welfare that has to be diverted from our own poor, ill and elderly to criminal non-citizen invaders literally protected by the Democratic Party.

The Democratic Party does not protect blue collar jobs. The promote non-citizens taking those jobs and driving wages as low as possible. If you are a blue collar worker the Democratic Party openly wants your job to either go to a non-citizen migrant or to a foreign child labor sweatshop.

 

[AGENT J]

A big part of what's wrong with America. Does anybody believe that these CEOs work 150-500 times harder than their employees?

Top Bank CEOs Questioned About Their Pay In House Hearing : NPR

The heads of some of the nation's biggest banks faced tough questions from Democrats on Wednesday about overdraft fees, the stability of the banking system and their own multimillion-dollar compensation.

The House Financial Services Committee hearing was titled, "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis."

"Ten years ago, the CEOs appeared before this very committee to discuss the financial crisis and the massive bailout taxpayers provided," said committee Chairwoman Maxine Waters, D-Calif. "A decade later, what have they learned? Are they helping their customers and working to benefit the communities they serve? Or are the practices of these banks still causing harm?"

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Well theres multiple things at play here.....

we'll just start with your question:

"How'd You Feel If Your Boss Made $486 For Every Dollar You Make?"

Well that answer would vary on whether it was my direct boss or the top boss and what the company was and what money we are talking about . .

for example at microsoft the receptionist or mail room employee or basic janitor isnt going to make anywhere near what bill gates makes.

But what if im Senior VP of new product development. ..and Bill still makes 486 times more than me just on salary and nothing else . . it could bother me but then again what are those actual numbers? if i make a million a year and bill makes 486 million im still doing ok? but it would probably bother me but what can i do? i try to negotiate for more or look elsewhere.. its his company. While in my OPINION thats not right but thats all it is, my opinion. In this case i wouldn't want any law regulating it. The company will sink or swim based on how employees are treated

Now lets go real life, what if im Lead Test Engineer and run an entire shift and a team of 8-15 while the Test Manager made 486 times more? that would DEFINITELY bother me but again what are my options?
they are the same, i try to negotiate for more or look elsewhere.. While in my OPINION again its not right but thats all it is, my opinion. I still wouldn't want any law regulating it. The company will sink or swim based on how employees are treated.

Now YOUR example . . .Banks imo are different because how are their profits made? Same thing with medical insurance?
If their profits are made by screwing over customers and employees then i would absolutely support SOME regulations and laws to do so.

healthcare, pharmaceuticals and "banking" etc should not be so profit driven and in an uncontrolled fashion. BUT again im only basing that on the idea of IF . . . IF customers and employees are getting screwed...If the service is great and those profits are still there so be it

people dont have to come to my company for engineering services . . but banking and healthcare are quit different . . especially if they all start doing the same practice. So SOME regulation i could support.

Sadly long gone are the days where the owner of a huge company made 5 mill a year, top brass made like 1 mill a piece, right under that other high-level execs made 500k with a couple managers here and there making 250k and most employees being paid very well while at the same time producing an AWESOME SOUND PRODUCT.

now many times the CEO has to make as much as possible, with the top brass (that is mostly wasted overhead also get paid like kings) while everybody else, avg and even above avg employee gets just enough to not quit and burn the place down . . . . oh and dont forget they make a ****ty product just good enough not to have people riot.

then right before the bottome falls out they give themselves 100 million dollar bonus before shutting down right before christmas

and what happens? nothing . in fact sometimes that CEo is praised by other people because . . . .he made 100s of millions . . .(who cares about the company the product or its ex employees)

sad but reality... again though... how is that fixed? i mean my extreme case could be fixed with some regulations if you caused a company to go belly up but in general theres nothing i would not support law wise if the company kept running and it just ran ****ty and employees and customers put up with it .. .

its OUR job to fix ir . .employees and customers . . .and if the comapny is not a bank or medical insurance we could . . we just dont . .

 

[OldFatGuy]

So if life isn't fair it would be OK to take their money.

Because life isn't fair.

Who is taking who's money? Absurd at the least.

I was the CEO of a company I created from scratch. During 30 years I never had an employee leave because they believed they were underpaid. Some married, moved elsewhere, others stepped up into other careers, and I made enormous profits for myself. I had employees who stuck by me from the first day they were hired until I retired. Whose money did I take? I gave them the best healthcare benefits money could buy, profit sharing, personal investment funds, and a work atmosphere that encouraged them to grow as they saw fit, while maintaining a family like structure. There is not one of them who worked fairly with me I have not heard from since I retired, and each resents that they no longer work with me. Whose money did I take?

And don't think I didn't fire a few, those who were unsuitable in my book, lazy, argumentative with their fellow workers, dishonest, or slackers. Or like you, thinking the world owes them something because they breath. Those are the ones I'm glad I don't hear from.

Employment isn't there to make anyone happy, content, or satisfied. It is there to provide a method of earning to live better. If any find happiness, contentment or satisfaction from doing a job, it is a byproduct to be enjoyed, but certainly not guaranteed, no more than a share in the risks, heartaches, sacrifices, longer hours, dedication and profits no matter how extreme. The beneficence of an employer is an option for the employer, and good business sense as an investment with a return. Not a mandate, an option, like it or not.

 

[OldFatGuy]

My cynicism is inescapable. It is the logical result of observing our oligarchy in action for decades. It is the logical result of watching special interests, including the government in Tel Aviv, controlling all aspects of government processes.

It is the natural result of reading Eisenhower's Farewell Address, and understanding how prescient his warning was.

Blah, blah, blah. Yadda, yadda, yadda. Blame someone else for your own failures in this life. Got it.

 

[humbolt]

A big part of what's wrong with America is that so many people believe that if others have what they want then government should step in and reallocate stuff.

America is a land of great opportunity for those who seek opportunity. If, however, you choose to lament the fact that you don't have the same opportunity as others then you will never find those opportunities.

I've never understood the massive concern some have with the amount of money other people make. I was always chiefly concerned with how much I made. After all, once your basic needs are satisfied, the chief question is how much more you need to do what you want, and I've found that the vast majority of people don't have a clue beyond some nebulous notions of what It's like to be "fabulously" wealthy. It's pretty silly.

 

[Deuce]

Conservatives and capitalism promotes upward mobility.

This just isn't accurate.

 

[What if...?]

Most CEO's don't make that kind of money.
Why do we care what a few people make anyhow? Don't we have our own fish to fry?

The problem is its an addictive behavior in many (most?) CEO types.

Its all about the rewards for achieving status.

They measure their success by those directly above and below them.

They never stop until forced, historically.

And its the feeding of the addiction to the neurochemical rewards for these behaviors has been the downfall of society after society since we settled down and eliminated the checks on these behaviors that we had when we were all alpha predator members of big extended families.

Do you think a few lived fat off the effort of the whole tribe when a knife in the ribs put an end to it?

That we accept being nothing more than commodities to be used and discarded by the few of us that aren't considered commodities continues to boggle my mind.

That our made up economic system now only raises some boats and we put up with it like capitalism is gravity or the speed of light and not a human construct.

 

[jmotivator]

A big part of what's wrong with America is that so many people believe that if others have what they want then government should step in and reallocate stuff.

America is a land of great opportunity for those who seek opportunity. If, however, you choose to lament the fact that you don't have the same opportunity as others then you will never find those opportunities.

 

[joko104]

Blah, blah, blah. Yadda, yadda, yadda. Blame someone else for your own failures in this life. Got it.

Now he's blaming Israel, the Jews, for his problems in life. :roll:

 

[Buzz62]

It sounds to me like you're talking about an economic system that functions in a vacuum.

Employee wages are not based strictly on profit. While profit is a factor in a wage determination the more important factors are production, capabilities, adaptability and, generally speaking, how much that employee can enhance various aspects of the business over time. I could, for example, have an employee who has levels of knowledge in their position that FAR exceed my own and far exceed that of their peers. However, if that employee struggles with deadlines, struggles with staying on task and is such a complete asshole that my customers don't want to deal with him then he isn't worth keeping around, much less giving him a raise. Likewise, if I have a great employee working a highly replaceable position (ie. stocking shelves at one of my retail stores) they won't be paid a premium wage no matter how wonderful they are because I can always hire someone nearly as good for the same rate. However, if that employee is willing to take on more responsibility and move into a new position (showing adaptability) they could certainly earn more.

More compared to what? The silly pittance they make now?
The economy is being bought out by the large corporations. These large corporations like to off-shore manufacturing. I say tariff the crap out of all of them. Start a new national campaign to "Buy American Made". Force these corporations to either pay exorbitant amounts in tariffs, or to relocate manufacturing back to the USA. This, I think, is what Trump is trying to accomplish. And it appears that its beginning to work. All that's really left is to make the base salaries of the various levels of staff, more to real-world levels. IMO...That is how one goes about building the one force every society, whether communist or capitalist, relies on.
The Middle-Class.

 

[Napoleon]

A big part of what's wrong with America. Does anybody believe that these CEOs work 150-500 times harder than their employees?

Top Bank CEOs Questioned About Their Pay In House Hearing : NPR

The heads of some of the nation's biggest banks faced tough questions from Democrats on Wednesday about overdraft fees, the stability of the banking system and their own multimillion-dollar compensation.

The House Financial Services Committee hearing was titled, "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis."

"Ten years ago, the CEOs appeared before this very committee to discuss the financial crisis and the massive bailout taxpayers provided," said committee Chairwoman Maxine Waters, D-Calif. "A decade later, what have they learned? Are they helping their customers and working to benefit the communities they serve? Or are the practices of these banks still causing harm?"

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Well, first I think it’s important to understand what form that compensation takes. For example, Jamie Dimon’s base salary is $1.5 million. The remaining $28.5 million is an unguaranteed performance-based incentive and almost all of it is in the form of restricted JPMC stock rather than cash. This is done to tie executive compensation to achievement and long-term health of the firm. Whereas workers are paid only for their performance of menial tasks to facilitate day-to-day operations. But hey, how do you think workers would feel if 95% of their compensation was unguaranteed, tied to performance, non-monetary, and inaccessible until some future date?

 

[Buzz62]

forced huh?

sounds like you are the one who is more like 1930's Germany than the republicans

take a look in the mirror....

Oh don't give me that faux-accusation BS.
You know Gawd-Damn well that America had its own New Deal which was chiefly responsible for building "The Good Ol' Days".
The lower and middle classes must be amply rewarded for their labours, and among the places that capital should come from, is the insane salaries of the Executives. It can also come from the bloated stock values being reached these days.

There is no realistic way to avoid the fact that what makes an entire economy healthy, is a well financed middle-class. That keeps cash flow high, which maintains growth for the corporations. Its fairly basic actually.

 

[Mr Person]

A big part of what's wrong with America is that so many people believe that if others have what they want then government should step in and reallocate stuff.

America is a land of great opportunity for those who seek opportunity. If, however, you choose to lament the fact that you don't have the same opportunity as others then you will never find those opportunities.

If we wanted myths we'd pick up a copy of Grimms'.

If we wanted self-serving myth's we'd pick up a compilation of GOP speeches. Or internet posts.

 

[gdgyva]

Oh don't give me that faux-accusation BS.
You know Gawd-Damn well that America had its own New Deal which was chiefly responsible for building "The Good Ol' Days".
The lower and middle classes must be amply rewarded for their labours, and among the places that capital should come from, is the insane salaries of the Executives. It can also come from the bloated stock values being reached these days.

There is no realistic way to avoid the fact that what makes an entire economy healthy, is a well financed middle-class. That keeps cash flow high, which maintains growth for the corporations. Its fairly basic actually.

what built the "good ole days" was a world decimated by a war, and we having the only real ability to take advantage of the situation

it wasnt that we did things better than most....it was we could do them at all

then by the 70's we got fat and happy, and the japanese starting kicking our asses in the car market....and the manufacturing sector has been going downhill ever since

unions got pushy, wages got too high, and the products got worse and worse

and the numbers crunchers became aware of one other major fact....we wernt dying off fast enough

the pensions and insurance plans of the 40's thru 70's were becoming disastrous as we lived into our 80's and 90's

the numbers didnt make sense anymore....

dont blame it all on the companies.....yes, greed made some of the items happen, but some came from our own internal problems caused by our own lackadaisical attitudes

 

[Helix]

Our CEO makes a ****load of money and is allowed to pretend we are contractors. While I don't find either of those facts pleasing, the latter bothers me a whole lot more.

 

[OldFatGuy]

Now he's blaming Israel, the Jews, for his problems in life. :roll:

Why not? They run the world. :rofl

 

[AlbqOwl]

A big part of what's wrong with America. Does anybody believe that these CEOs work 150-500 times harder than their employees?

Top Bank CEOs Questioned About Their Pay In House Hearing : NPR

The heads of some of the nation's biggest banks faced tough questions from Democrats on Wednesday about overdraft fees, the stability of the banking system and their own multimillion-dollar compensation.

The House Financial Services Committee hearing was titled, "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis."

"Ten years ago, the CEOs appeared before this very committee to discuss the financial crisis and the massive bailout taxpayers provided," said committee Chairwoman Maxine Waters, D-Calif. "A decade later, what have they learned? Are they helping their customers and working to benefit the communities they serve? Or are the practices of these banks still causing harm?"

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Having been a CEO of sorts at one time, I didn't make a lot more than a lot of my staff, but the responsibility and expertise necessary is quite a bit more. You not only have to know something about the workings of every department and function, etc. you have to be on top of promotions/advertising, finances, revenue or in my case fund raising because it was a NFP organization, and your personal liability in many times over what any of the other personnel has. And keeping a board of directors and/or investors happy is no easy feat.

In other businesses, yes, my boss often made a huge salary compared to mine. But he was the one who took the risk to start the business, invested the capital and put it at risk, and assumes ALL the liability risk for the company. And he could have hired any number of other people, but he chose to offer me a job I very much needed and appreciated. What he offers to pay me is his call and it is my call whether I am willing to work for what he offers. If we can't agree on that we can wish each other well and each go our our merry way. But what HE makes is none of my business.

 

[SenorXm/Sirius]

Don't blame capitalism, or socialism or any other economic isms for the emotional states of minds of anyone. They are merely economic systems, and profess no guarantees for the ever ephemeral and elusive indefinable "happiness."

Did you write a similar reply to the poster I was replying to who said Capitalism makes people happy?

I didn't think so..

 

[beancounter]

Part of the problem with Exec compensation is that the salaries are set by other wealthy people (typically BOD) that may not have any sense of perspective. But as long as the major shareholders (many of them being the Execs and BOD themselves) keep on voting for the same officers, nothing is going to change in that regard.

What I find odd about exec compensation, is that even if the company does poorly, they still get bonuses and substantial raises. Further, if the Execs are forced to leave for one reason or another, they receive golden parachutes. If an exec knows he is going to "rake it in" regardless of whether he succeeds or fails, there is little incentive to work in the best interest of the company. This is troubling in that the regular employees are expected to succeed if they want a raise. If they fail, no raise is forthcoming typically,as well as the possibility of and termination with nothing more than "two weeks pay in lieu of notice"

Since the pool of execs is relatively small in a given industry (or related industry), the exec can usually find a new job easily enough, and rinse and repeat with a new golden parachute.

The ultimate point of my post is that there is two sets of standards at play which are inequitable.

 

[Bullseye]

A big part of what's wrong with America. Does anybody believe that these CEOs work 150-500 times harder than their employees?

Top Bank CEOs Questioned About Their Pay In House Hearing : NPR

The heads of some of the nation's biggest banks faced tough questions from Democrats on Wednesday about overdraft fees, the stability of the banking system and their own multimillion-dollar compensation.

The House Financial Services Committee hearing was titled, "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis."

"Ten years ago, the CEOs appeared before this very committee to discuss the financial crisis and the massive bailout taxpayers provided," said committee Chairwoman Maxine Waters, D-Calif. "A decade later, what have they learned? Are they helping their customers and working to benefit the communities they serve? Or are the practices of these banks still causing harm?"

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As long as I was making a fair wage for the work I was doing I feel like I'm getting tired of lefty loonies playing the envy game in an attempt to seize more power over businesses.

 

[OldFatGuy]

Did you write a similar reply to the poster I was replying to who said Capitalism makes people happy?

I didn't think so..

I killed two birds with one stone.

 

[What if...?]

Your ancestors came here to get rich. Hoping one day their progeny would get rich. It is pathetic when people deny who they are, and why they are here.

"Rich" is a very relative term when speaking of history.

Not being tied to a greedy landlord would represent being "rich" to many of those coming over.

Not everybody has a bottomless need for status and its rewards.

 

[Moderate Right]

A big part of what's wrong with America. Does anybody believe that these CEOs work 150-500 times harder than their employees?

Top Bank CEOs Questioned About Their Pay In House Hearing : NPR

The heads of some of the nation's biggest banks faced tough questions from Democrats on Wednesday about overdraft fees, the stability of the banking system and their own multimillion-dollar compensation.

The House Financial Services Committee hearing was titled, "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis."

"Ten years ago, the CEOs appeared before this very committee to discuss the financial crisis and the massive bailout taxpayers provided," said committee Chairwoman Maxine Waters, D-Calif. "A decade later, what have they learned? Are they helping their customers and working to benefit the communities they serve? Or are the practices of these banks still causing harm?"

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I would realize that he was the boss. This is America, the home of capitalism, not socialism. The higher ups are supposed to make more than their employees do. That's the way it has always worked. According to you, employees work harder than their bosses so, therefore, should earn more than the boss does. Simply ridiculous. If you don't like who you work for then quit or become your own boss. That's what I did.