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I'm far more interested in a wage cap. Top level earner can't earn more than 10x the lowest level earner in the company. And a it doesn't matter the amount the wage is, if it isn't also tied to inflation as we'll be back fighting this fight again in short order if it isn't. That of course is take all of this at face value, and pretending it's not just theater.
Though overall I would still prefer people rejecting the current business structures and making employee-owned businesses the new way. Go Pirate with the whole thing, everybody works for shares. Unions/Min. Wage are just compromises from realizing the true potential and pay of the working class.
The real money is made on assets, not income
there will never be a wage cap under this current neoliberal hellscape. the entire goal of both parties is to make money for their corporate interests
I’m not an expert, but in that case, the company just splits into different sub-companies, no? The manufacturing arm would have a CEO paid in stocks and lower level workers still make nothing.
They just get non-salary benefits
That's where the cap needs to be. There will always be someone capable and willing to take the job without the enormous pay packet. Executive pay is the biggest scam ever created.
No but you see if we don't offer 2 million a year AT LEAST we won't attract too talent!
It’s such a wild lie that for some reason we are all supposed to take seriously.
We all work at companies, the executives aren’t doing anything earth shattering. Most executives seem to be running the playbook of “give the customer less and charge them more to increase profits”. Wow, what innovation!
I would love for someone to be able to point out some concrete brilliant ideas that an executive actually had that went from “vague bullshit” to execution without getting worked and reworked and reworked by a bunch of normal employees until it was actually viable.
Steve Jobs made the iPhone, oh by himself, did he design the chips and write the software? Sure the vision is great, but for every iPhone there are a thousand CEOs that basically keep the lights on an already functioning company and raise the price. Oversee a rebrand. Go on the news and talk up their company.
And they’d have you believe that that’s worth 300-400x what a regular employee.
That every day they are coming in and providing more benefit than a worker does in an entire year. It’s the most obvious bullshit we’ve ever been asked to swallow
There is a value tied to the non-salary benefits. Include that in the cap.
Something something unrealized gains. I agree with you, I'm just pessimistic we'll ever see anything remotely close to this.
I'm with you on that. It will not happen
I wouldn't even hold my breath for 1000x
the "the 1%" meme is really anti-class consciousness, rich workers are workers, this individual literally forgot investors exist