PLAYER57832 wrote:BigBallinStalin wrote:
So, if all employees were paid a living wage, would the different prices of different corporate executives become irrelevant?
Yes, as long as the company is still profitable. A unprofitable company will fail, so by definition, that matters.
But as stargazer indicated, the profits must be real and true, not simply gimmicks using government funding or accounting "tricks (moving debt from one entity to another without really paying it off, for example). Also, profit must be long term, not just a matter of months or a single year. Its too easy for companies in today's world to hide real debt and pretend profits when none really exist.
If profit must be long-term, then does this mean that during the onset of the automobile, all horse-and-buggy producers should have had long-term profits?