By in Politics

CEO's Make 300 Times What The Average Worker Does. How Much Is Enough?

Since the late 70's, CEO pay has climbed by about 937%, while the average worker has seen increased pay of only about 10%. Productivity has increased, and many companies are experiencing record profits, but most of it is going to the top, and little of it is being shared by the many.

I don't understand why this is okay with working Americans. It is obscenely clear that those at the bottom are being hosed, yet there are still a lot of people who resist things such as workers fighting for more pay. Companies can afford to pay better wages. They just don't want to .

Now, many people would say that this is just capitalism at work. People are rewarded and compensated based on the value of whatever they produce. But who sets those ratios and values? McDonald's and Walmart? Who decided that the CEO should get 300 times what the workers at the bottom receive? Well, those who benefit from it, of course. And it amazes me that working class Americans either don't see how badly they are being screwed, or see it and think it's just fine and dandy. There is something wrong with a system that produces so much wealth, yet only sees it siphoned by the top.


Image Credit » http://pixabay.com/en/packs-pile-money-finance-currency-163497/ by PublicDomainPictures

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Comments

Soonerdad3 wrote on April 18, 2015, 8:54 PM

Wow, you just go on and on with this topic. You throw out that companies can afford to pay more but they don't want to and the truth is you actually have absolutely no real proof of what you are saying.

Last Edited: April 18, 2015, 8:56 PM

SoundNFury wrote on April 18, 2015, 8:58 PM

As long as there is "new" information that can offer perspective, yes I do, and will continue...

Soonerdad3 wrote on April 18, 2015, 9:03 PM

This not new information, it is the exact same drivel being spewed by the media in many different ways. You realize not all CEO's make multi-million dollar salaries, you single out certain high profile corporations and make general statements claiming they are treating their employees horribly when you don't have first hand knowledge of the poor treatment.

Last Edited: April 18, 2015, 9:09 PM

SoundNFury wrote on April 18, 2015, 9:06 PM

Yes, it's drivel. Anything that doesn't resonate with the right-wing nonsense that comes from Faux News is "drivel." They're called facts.

Soonerdad3 wrote on April 18, 2015, 9:12 PM

Anything that makes companies look bad is news to you

LeaPea2417 wrote on April 19, 2015, 12:35 AM

This happens not only in Capitalist societies but also it happens in Communist societies. (the wealth is in the hands of a few at the top and the little man gets hardly anything).

SoundNFury wrote on April 19, 2015, 12:49 AM

We need a revolution in this country. But the odds are stacked against those without money and power.

luisga814 wrote on April 19, 2015, 12:52 AM

They say nobody will get rich for being an employee all out. You need to have your own business.

WordChazer wrote on April 19, 2015, 5:18 AM

My organisation's CEO took a pay CUT when he joined a couple of years back, then demanded that the board did so too. This year the workers all had a pay rise but the managers and executive did not. I like that state of affairs, it seems fairer, although many of my managers bust a gut to work hard for their money.

JohnRoberts wrote on April 19, 2015, 11:10 AM

While I mainly agree with you here, I have to state that you must remember McDonald's are franchises. You seem to think McDonald's is like Walmart. A person buys a McDonald's franchise and is essentially a small business owner who may find it difficult to pay $15 an hour. Not every McDonald's franchise owner is a billionaire. You are correct that it is obscene what CEOs earn and they are the ones giving themselves raises! I can appreciate making a lot of money but it has gone beyond reason. You don't understand why this is okay with workers. I think it is not okay with workers but what can we do about it? There's a sense of helplessness in a climate that says There are a 100 desperate unemployed people waiting for your job. Walking off the job and protesting and screaming objections to the media is just noise. The powers that be could care less. There's always another illegal or overseas worker to do the job. The government is ineffective because who is their masters funding campaigns. It has historically always been this way. When coal miners went on strike shutting down the mines, sure it stopped the profit flow but the rich owners were like so what? I have enough money for a lifetime of caviar. I do believe the working class knows it's being screwed but you tell me what can we do about it that will actually get results and I don't mean walk offs, protests with signs or boycotts which have proved pointless.

JohnRoberts wrote on April 19, 2015, 11:11 AM

The problem with revolution is that revolutions breed revolutions and an endless cycle of instability.

SoundNFury wrote on April 19, 2015, 5:42 PM

Well, I should add that I think there can be safeguards, tax incentives or other types of breaks for small businesses that can help with any type of raise in wages. I don't know how that would fly with people, but I would have no problem with it. If people really cared about the "little guy," I would think they would support it. Overall, I just think industry needs more regulation, not less. Because when they are left to their own devices, naturally they will act only in their own narrow interests. I guess I have a little more faith in the power of protest. The problem is that there are still a lot of people who resist workers trying to improve their small lot in life.

SoundNFury wrote on April 19, 2015, 6:11 PM

Ain't that the truth!

SoundNFury wrote on April 19, 2015, 6:12 PM

That does sound more fair, at the very least it seems to value workers more than just peons.

SoundNFury wrote on April 19, 2015, 6:13 PM

Not if it results in a socialist utopia. I have a plan. (said in jest.)

JohnRoberts wrote on April 19, 2015, 7:08 PM

I have little faith in the power of protest because workers have been protesting for over 100 years over the same issues and despite some progress, little has changed and we round and round and round. If anything, the fat cats have become even greedier. You are right that small businesses should be dealt with separately than mega-corporations. Many people aspire to be their own boss and not vast wealth and that's where the government needs to step in with a helping hand.

Telynor wrote on April 20, 2015, 1:24 AM

I find this sort of greed sickening. You're right, just how much is enough? For men like the Koch Brothers and Wal-Mart, it seems that nothing is too much. Personally, I have very little hope for the future; as long as the Republicans continue to dominate congress, and the average American can't get up off their ass to vote, we are doomed to a system where the poor -- 95 percent of us -- will be 'punished' as being lazy, a minority, not-Christian, and so on. In the meantime, the wealthy will continue to have a great life, born on the backs of everyone else.

SoundNFury wrote on April 20, 2015, 5:55 AM

I hate to be so pessimistic, but that definitely seems to be the case, especially when people don't vote. That just makes things worse.