- cross-posted to:
- antiwork@lemmy.ml
- antiwork@lemmit.online
- cross-posted to:
- antiwork@lemmy.ml
- antiwork@lemmit.online
“average top CEO compensation was $15.6 million in 2021, up 9.8% since 2020. In 2021, the ratio of CEO-to-typical-worker compensation was 399-to-1 under the realized measure of CEO pay; that is up from 366-to-1 in 2020 and a big increase from 20-to-1 in 1965 and 59-to-1 in 1989”
The funny thing is, you can remove a CEO, and the company will still keep running. Remove workers and the company can’t function. Looks like “compensation” is going to the wrong people.
The problem is these people in the top positions don’t see anything wrong with this.
I remember telling my republican friend that companies could easily raise worker pay. He laughed said that hamburgers would cost $20. I said you don’t need to raise the price of the product, the people at the top could make less money. He then said “Oh, they are NOT going to do that.”
I mean, hamburgers already cost around $10-$15 anyway… and that’s without workers getting a pay increase
Oh, they are NOT going to do that.
He’s not wrong and that’s issue.
Meanwhile, you have CEO’s doing shit like that talk that spread around this week where he shat on workers for lord knows how long.
And the ex-EA Unity CEO who decides to tank his company overnight.
Worth every cent …
exactly
Eat the rich.
Feudalism never went away, it just changed its name.
capitalism has become economic slavery
Alternative analysis for the WSJ: CEOs endure crisis after crisis - CEOs pay has shown massive cuts on several occasions in the last few years. While average workers salaries have steadily grown in the last 45 years, the pay of CEOs has been regularly affected by enormous cuts, sometimes as much as 45℅.
Bozo McGill, representative for the CEOs in distress: “maybe it’s time to stop caring about the poor. Let’s reduce taxes for the CEOs, otherwise they won’t afford a Lambo a month anymore”
compare to only 273% (and ~ six tenths) for the federal minimum wage since jan 1, 1978 (was $2.65, is $7.25). it would be ~ $39/hr if it increased at the same rate at CEO pay over that time frame.
Eat the rich.
ALIVE.
Obviously, I’m not a monster.