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Thread: Twinkie for your thoughts
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11-21-2012, 04:52 AM #30
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Thanked: 1371Re: Twinkie for your thoughts
I think it depends on the situation, but in many cases it does.
For instance: If you have a company (or are on a corporate board) and can bring in someone who will make the company more profitable by several hundred million dollars, would it be worth paying them fifty million?
The amount the employees earn is irrelevant.
That said, if a company is not performing well, executives should certainly not be getting pay increases or bonuses.
So in the 50s, did the 60 some odd times the average worker salary then NOT reflect that value at the time?
Do the workers salaries, which have stagnated in that time while the ceo pay skyrocketed disproportionately, reflect that the actual workers in the last 40 years are providing less and less economic value?
Also, employee salaries should be evaluated separately from executive salaries.
Strange women lying in ponds distributing swords is no basis for a system of government.