@rbreich
In 1980, my late father was the CEO of an international chemical company, and the ratio was 20 to 1.
Since then the base pay has only trippled. The CEO pay is now in millions.
CEOs have gamed the system for compensation, at the expense of labor. Their direct reports have gamed the system. The industry of inside and outside HR and compensation consultants have gamed the system to support the CEOs and their direct reports.
They all spend gobsmacking amounts of money on their anti-union consultants, lawyers, and programs. But when it comes time to pay labor, sorry folks, the piggy bank's empty. Howzat?
@rbreich
🥥 Eye submit that the 344-to-1 pay gap between overpaid CEOs and their employees is fueling low pay for workers in ways that are both obvious -- in the US wealth gap -- and hidden -- as in the inflation of most goods and services.
And don't even get me started on how blatantly the toxic rich are purchasing elected officials, the judicial system, and policing. 🥥 #EconomicDisparity, #CEOPay, #EarningsGap, #TaxTheWealthy, #EatTheRich, #BongHits4Workers, #TuckersBalls
Tie the corporate tax rate to the gap in C suite total compensation to front-line worker pay. The wider the gap, the higher the tax rate and the lower the profits.
@rbreich And every zealot that worships their 'brilliance' wants in on the grift. They're in awe of the "genius" and wish to copy it in their life. Let's look at things differently.
Riches are not worth. Greed not a virtue. Stealing ideas from workers forced to sign a contract under duress because they need the job and can't go without it, isn't a binding agreement, even if you do have the lawyers and judges to say it is. Uncommon thugs dressed n suits r NOT role model material.
I wish that every developer laid off by filth technofascism companies do an opensourced chatceo llm that does a better job than Zuckerberg Pig Leon Stink and Ghoulgul Puchai
@rbreich This surge in the pay gap you point out does reflect the growing problem of income inequality in American society. The gap from 20:1 in 1965 to 344:1 last year highlights an imbalance between executive pay and the average employee that is well beyond reasonable.
And this is the issue that could unite far more than half of American voters. Thus it has been disastrous to allow the right to change elections into culture wars over the least unifying details of subgroups' demands.
Trump and social media together simply press blue America's buttons, send everyone screaming about the latest insult. And thus forget the economic justice even much of the MAGA wing believes in.
@rbreich anyone who entered the workforce after 1974 has been shorted on pay their entire lives. Today, workers are only paid roughly 40% of what their productivity is worth. Adjust your work ethic accordingly, folks.