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CEO Pay Has Grown 90 Times Faster Than Workers' Since '78

We will see what Trump does, but Trump was the one running on trade reform and immigration reform.

You talk about corporate greed, but seem to ignore how that corporate greed is being accomplished.

Trump maybe full of shit, but Clinton definitely was, and would have signed more trade deals written by lobbyists, and nothing would have been done on immigration.

Listen I am all about the economic progressive wing of the Dem party, but that isn't who runs the party.

My fellow lefties need to clean our own yard, before we start bitching about the neighbors.
 
Taxes are too high, need more tax cuts and the problem will be fixed.
 
jk7707 said:
Yep it's workin out great in Kansas! Oh wait...
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Thats because the curve isnt linear, first you will see a massive gap in wealth distribution but later it will all trickle down.

You see its like being fucked in the ass, it hurts a lot before it starts to feel good. Great analogy because voters love to be fucked in the ass.
 
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It's not the CEO's fault that automation and growing international productivity has reduced the need for generic labor.
 
Meh.

Work toward your ceiling and dont worry about people who have more.

Usually its low wage earners with no skill set that complain about higher ups.
 
panamaican said:
It's not the CEO's fault that automation and growing international productivity has reduced the need for generic labor.
Click to expand...

You are right.

But its government fault for cutting down income taxes and not cutting down on international tax evasion.
 
panamaican said:
It's not the CEO's fault that automation and growing international productivity has reduced the need for generic labor.
Click to expand...
No its not their fault but that doesn't mean something shouldn't be done about it.

But this is an important point. I figure myself very left leaning when it comes to issues like income inequality and taxation but I don't think that has to go hand in hand with demonization of the rich. I'm not going to begrudge someone for acting in their own interests even if I advocate that a healthy society doesn't allow for such extreme income and wealth inequality.
 
thats what happens when you flood the workforce with women and immigrants, while replacing jobs with automation and sending other jobs overseas

when theres a shortage of labor, wages go up. when there isnt much work to be done, theyre not going to be pay people very much to do it
 
Pwent said:
thats what happens when you flood the workforce with women and immigrants, while replacing jobs with automation and sending other jobs overseas

when theres a shortage of labor, wages go up. when there isnt much work to be done, theyre not going to be pay people very much to do it
Click to expand...
:rolleyes:
 
Do you guys rabble-rouse when Flacco gets paid 22 million when the guy who paints the lines gets 10 an hr?
 
Kafir-kun said:
No its not their fault but that doesn't mean something shouldn't be done about it.

But this is an important point. I figure myself very left leaning when it comes to issues like income inequality and taxation but I don't think that has to go hand in hand with demonization of the rich. I'm not going to begrudge someone for acting in their own interests even if I advocate that a healthy society doesn't allow for such extreme income and wealth inequality.
Click to expand...

I don't think anything should be done about it. I think that focusing on the income inequality as a problem to be solved leads people to minimize what are the real economic issues that create the inequality.

For example, a large driver of the income inequality in our country is directly tied to how much more productivity automation and computers have provided to the economy. This means fewer workers are needed and the responsibilities for the remaining workers are actually lower than before since technology is doing so much more of the work (accountants are a simple example - thanks to calculators and spreadsheets, your average accountant is doing less math than before. The calculator does the math and the accountant just enters the numbers).

It's inevitable that as technology reduces the reliance on human cognitive processing and muscle power, the compensation for average levels of human labor will drop. Any half-decent accountant can enter numbers into a spreadsheet, so they're all more replaceable.

However, the ability to recognize changing technological trends and who they will propel a company into the future becomes a significantly more important ability. Picking VHS over Betamax, Blue Ray over HD-DVD. Seemingly simple choices that direct millions of dollars of investment into a market strategy. Getting it wrong can mean the end of the corporation or a significant loss of market share.

Income inequality reflects all of those little things and we don't have a solution for those problems. We can envision solutions for impacting the actual pay but we're helpless against the forces that matter. We should focus more on solving those problems and income inequality will then resolve itself.
 
JudoThrowFiasco said:
Usually its low wage earners with no skill set that complain about higher ups.
Click to expand...

I should introduce you to my father in law who doesn't think anyone in any role other than blue collar, does any work.

What does he think of me running start ups? He thinks I work too hard.
 
Rod1 said:
You are right.

But its government fault for cutting down income taxes and not cutting down on international tax evasion.
Click to expand...

Can't really argue with that.
 
JudoThrowFiasco said:
Meh.

Work toward your ceiling and dont worry about people who have more.

Usually its low wage earners with no skill set that complain about higher ups.
Click to expand...
"Massa's not so bad. I's a gonna save up and someday buy my freedom."
 
panamaican said:
It's not the CEO's fault that automation and growing international productivity has reduced the need for generic labor.
Click to expand...
Well, it is, but we should say that "we can't blame him for keeping up with technology". But that sort of strategic move most certainly is the CEO's decision.

The point that technology has put manual labor in the dust and adds to the wealth of owners of capital is valid. The question is what, if anything, do we do about it? Once technology eliminates even professional work we will need a mechanism to address it or face the worst income inequality ever seen.
 
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