Nobunaga wrote:... OK, "Grease Monkey Joe" works hard all day fixing.. whatever, and works up sweat, goes home tired ... makes, say 40K a year with some overtime.
... Now "Eddie Executive" is in his office making and taking calls, managing sales accounts, and building contacts with potential customers (who may or may not buy that machine Joe is fixing). Eddie takes home 80K a year. He goes home... not so tired maybe.
...
How did each of these men get to where they are?... Oh, I know, it's just so wretchedly unfair, isn't it? Joe should have rights to Eddie's wages, dammit!!
... The terms fair and unfair are in my vocabulary, but they have naught to do with the subject.
... I want you, Stopper, to just tell me flat out. what is wrong with CEOs making so much? Don't throw graphs at me and don't deflect with lateral points. I'll make it easy for you. Simple Yes or No to the following:
> Should there be a law / laws that prevent people from earning 100 times what their suboordinates earn?
> Is it immoral to make that much more money than one's suboordinates?
... Looking forward to seeing what you have to say. No deflection, now.
... BTW, I sell Machine Presses to Japanese companies operating in the US, (mostly Honda, Toyota related) since you asked.
http://www.aida-global.com/...
I deflect with lateral points, when that is what you have been doing all through this thread,
including in this latest post? You've got a hard neck.
I won't answer your final two questions yet, because that would be taking this discussion off-track, but I will answer your first question:
Nobunaga wrote:what is wrong with CEOs making so much?
CEOs are just one group of very high-earners in the US, but they're an important one.
The GDP of the US has grown - at varying and sometimes negative rates -since the Second World War, in common with most all developed countries. This means that the pie that everyone has to share has grown bigger, in the long term. This is good for everybody, as it means more access to education, medicine, luxuries, etc etc.
But, since sometime in the 1970's, the proportion of the pie that everyone got has changed.
Rich people's share of the pie has been getting bigger every year. This makes them happy!
However, the slice of the pie that the poor get has not been getting bigger. This makes them sad.
Some people wonder why the proportion of the pie that the rich get has grown all the time
, while the proportion of the pie that the poor get has stayed the same
.
Are rich people working harder? Are the poorest people not as good Americans as the rich? Have they not being saying their prayers as often?
(Could it be that one reason is that CEOs decide on the level of pay their workers get, and generally decide they deserve above-inflation rises, but that their workers don't, for some unknown reason?)
I was going to illustrate all this by means of a "pie chart", but I thought you might object to that.
