Joe Heller for April 09, 2024

It’s all just a game of one-upmanship between these rich CEOs. Nothing to do at all with their performance.

That’s less than $16 million, assuming a 2000 hour work-year for the minions. I thought Heller had fallen behind the times and SURELY he’s already making more than that, but here:

Www.‍payscale.‍com/‍research/‍US/‍Job=Chief_Executive_Officer_(CEO)/‍Salary

We see that the average is WELL under $1 million

That’s where the real costs come from.

CEOs need a raise, how else can they keep score?

Still pushing the phony statistics. The Bureau of Labor Statistics publishes mean wages by occupation. CEOs make 4 times (not 400) the mean wage of all workers.

Jeff Bezos just bought a $$$M house next to his other two $$$M in the neighborhood. Why are you shopping Amazon????

Well, this is the issue that is so blatantly obvious.

When minimum wage increases, within a very short time the wages for other positions are going to increase significantly thereby negating the increase that minimum wage has brought to that group.

And we’re so caught up on minimum wage as though it drives society. So sad. If you’re out of high school and relying on minimum wage then you have made some seriously bad life decisions. If you are relying on minimum wage to get you through life then again, you have failed significantly at improving yourself to ensure that you can support yourself and / or family.

It’s been long past time for a maximum wage. Which would include all stock payouts and bonuses.

I miss the old Ben & Jerry’s. They used to have a policy that no employee’s rate of pay shall exceed five times that of entry-level employees.

It means closed stores, fewer jobs and higher prices. The rest is just deflection, like this cartoon.

Hmmm…what if there were some laws requiring a company to NOT compensate their top level management (as a whole, considering salary, stock, benefits etc) above a certain percentage over the compensation to their workforce?

Or…require everyone’s compensation to be posted to the web?

For 1 / 400th the work. Or less.

I agree that it’s a scandal, but that kind of thinking isn’t restricted to CEOs. I remember that, a while back, the Licensed Practical Nurses union here in BC got a contract in which the most senior and highest-paid LPN got as much salary, or maybe a little more, than the most junior and lowest-paid Registered Nurse (a higher level of education). The RN union immediately demanded a renegotiation of their contract to make sure that they remained on top. (I’m not sure just how that worked out, and I believe that the LPNs and RNs are now in the same union.)

Twenty dollars to flip a burger…

Twenty dollars to bag groceries…

And they wonder why it is so expensive to live there.