Robert Reich
Ultra Verified 🇺🇦 🇬🇱Perhaps it's because all of the places we 'hear' from are controlled by CEOs.
Thomas Traynor@rbreich wallstreet 1987 summarized it fairly well.
I am not a destroyer of companies. I am a liberator of them! The point is, ladies and gentlemen, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms: greed for life, for money, for love, knowledge, has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much.
@rbreich sad part is if the workers want more then they get treated as if it is a bad form of greed instead of rewarding those who make all things possible.
Ilka 🌐@thomastraynor @rbreich at first yes - but if they keep going, they win and are rewarded. That is how child labour got banned, vacation days established, mother protection manifested, parental care payment installed... If you stop at the first "no", you stay in your corner. That is not what workers in Europe did, they kept going, fought and won again and again. Not every time but often. That is the way to go. Peacefully resist and go.
Vassil Nikolov | Васил НиколовIt would be useful to give at least two numbers, one for publicly traded corporations and another for the rest.
der.hans
Ethical Complainer™@rbreich no one is joking when they say the wealth gap is increasing. The people who are oblivious to it are beyond help, & them being able to vote against public's interest is a great shame!
Urzl@rbreich Because the CEO is absolutely essential to their continual stock market manipulation and grifting.
You can make a billion dollars with a nice suit and a convincing story told to the right people.
You'll never make a billion by working for it.
Steve@rbreich
Maybe because the Board of Directors are mostly, if not entirely, composed of other CEOs and not rank-and-file workers?
Maybe because the Board of Directors are mostly, if not entirely, composed of other CEOs and not rank-and-file workers?
Andrew J Spaulding@rbreich We will never ever hear those words.
DNKrupinski 🧡🏴☠️
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Civilia Lights@rbreich You are being cynical, right? If not, oh boy, you are on just another level of crazy.
Luna chan@rbreich 24% Does not even cover inflation.
@rbreich because CEOs mske the rules, and workers follow.
Robin Barton@rbreich Excellent point. We are told we won't get good CEO's if we don't pay obscene amounts of money. Alternatively, it could be that the top admin in companies design their own pay structures.
Stargeezer Smith@rbreich
My limited perhaps uninformed view is that if we can afford billionaires, there is no government spending proposal that is too big. When billionaires are properly taxed and become scarce, then we need to consider cutbacks.
My limited perhaps uninformed view is that if we can afford billionaires, there is no government spending proposal that is too big. When billionaires are properly taxed and become scarce, then we need to consider cutbacks.
David@rbreich I'd boost this, but it's missing alt text. If you care about the visually impaired and the dyslexic, please edit the post to fix that. Feel free to copy and paste:
CEO pay is up 1,085% since 1978, while typical worker pay is up just 24%. Why do we always hear "we can't afford to pay our workers more" but never "we can't afford to pay our CEO more"?
TrimTab 🇺🇦@rbreich
You need to put inflation on that infographic to pound the nail home. $1 in 1978 has the purchasing power of $5 today. Even if inflation adjusted, and adjusting for technological gains, purchasing power is way down for the middle class. Last time rent and food were this hard to maintain for average folks was probably in the days of medieval serfdom.
You need to put inflation on that infographic to pound the nail home. $1 in 1978 has the purchasing power of $5 today. Even if inflation adjusted, and adjusting for technological gains, purchasing power is way down for the middle class. Last time rent and food were this hard to maintain for average folks was probably in the days of medieval serfdom.
Eric@rbreich in fact it's usually the reverse: "we have to pay him/ her more so that s/he is not poached by another company
mado@[email protected] ... because "we" are not us.