Two studies by the executive compensation firm Equilar on Friday revealed that CEOs of some of the wealthiest companies in the U.S. are seeing their pay rise at about twice the rate of the workers who make the day-to-day operations of their businesses run.
Pardon the irreverence but… “No Shit Sherlock!”
Stunning to watch the maniacal demands for kowtowing to “research”. The sheer predominance of “research”, as if of godly powers, seems to be a metric for domination when domination itself fails so miserably as currently so demonstrated. I would wager that “research” would show that the measure of predominance of “research” used to shape public opinion is in direct correlation with failed “economic theories”. Research giveth and research taketh away in 21st century predatory capitalism. Petard hoisting going on everywhere you look! Dang, meditation looks better and better (especially after marching with a million people every month).
I have always been wary of lending too much credibility to exspurts seeing how EX is a has been and SPURT is a drip under pressure.
Need I remind readers that the first three letters of consultant are CON ?
Nothing new here. Been going on for decades and getting worse because not enuf employees are standing up to unfair wages. Amazon has been at the center of it as workers protested deplorable working conditions and poor wages for low level conveyer belt jobs, yet Amazon has a back log of 8500 new applications from people who want to work there! Should be the opposite with massive planned walkouts on CEO’s who are raping workers. Let them run their companies all by themselves which they know they can’t. These CEO’s are not as smart as workers perceive them to be. Some can’t even flip a Burger.
If workers don’t march, demand action, and unionize, then nothing will be done about their crappy wages.
Corporate CEOs are one thing, but something much closer to home is the pay chasm between School Superintendents (even lesser position in school administration and “officers-friendly”) and teachers, teaching assistants, custodians, school office clerks, and cafeteria workers. Capitalism is not an excuse to have such pecking orders.
The “tone at the top” tends to trickle down throughout a corporation, and at the head of every major international corporation you will find a handful of sociopaths and psychopaths, each one overseeing hundreds of corporations. The prevailing “philosophy” among our overlords at the moment appears to be grab what you can while there is still anything left to steal, and this attitude will naturally trickle down throughout their corporations.
They do not require anything to be sustainable because it is all about to collapse very soon, one way or the other.
It is naive to think that the wealthiest psychopaths who are responsible for said collapse are somehow unaware of it, or that they are not preparing for it.
We should not say “nothing new here”.
The disparity is much worse than it was 30 years ago. American capitalism has evolved into an extreme winner-take-all game in which the losers - aka the workers / doers - have almost no power.
The article also makes the serious mistake of only talking about wages. Executives get most of their remuneration through options and bonuses. When you factor these benefits in, the gap is far greater.
Since Reagan, Americans have been brainwashed to believe that “winners” deserve to win it all, to the point that no ratio is outrageous, 5000 to 1, 100,000 to 1, whatever.
Look at professional sports. Athletes are making $30M or $40M to play with balls, some contracts exceed a quarter of a billion dollars. Meanwhile, Jeff Bezos is defending $16,000 annual salaries for full-time staff while he marches toward a value of $200 billion.
This problem will only get worse under an unconstrained capitalist system. I fear too many Americans on the right are true believers who will go to their graves thinking this system is fair, when it is, quite grotesquely, the opposite.