50 years ago ceos made 10 times the average worker pay.
10 years ago the ceo of chipotle made 778x the average worker. Now me makes 1354x.
10 years ago the ceo of chipotle made 778x the average worker. Now me makes 1354x.
CEO pay?
- Thread starter BelemNole
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Greed flation, windfall profits, it’s all gone too high, too far and with no sign that the middle class even matters to the elites
That’s different, contracted labor, and literally, a monkey could be a CEO where as people pay a shit ton to watch athletes
From the link above:
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- “This is a list of typical military pay, from entry-level Army privates ($24,648 a year) to Air Force generals ($203,688).”
i bet the ceo of chipotle actually added far greater return for shareholders than the average worker did.
This metric is hardly ever useful when discussing inequality. Tough to expect CEOs to be anywhere near in line with unskilled grunt work, and for many big companies, that is their average laborer.
I'm not a socialist, but this pretty good evidence in favor of it.
LOFL, stop dude. You are out of your league here. Now, I’m not saying the wage gap isn’t atrocious, but a competent CEO is worth his/her/they/them weight in gold. You have no idea how difficult it is to run a business at the highest level.
Thanks for that meaningless statistic.
Look, the compensation for a CEO is determined the same way it is for any other job. Supply and demand.
There are lots of people qualified to be bottle washers, so the compensation for bottle washers is very low.
On the other hand, there are very few people qualified to be the CEO of an actual profitable company, and therefore, they command a very high compensation package.
What's your take on college football coach pay, Belem?
So 10x is good for the military but 1590x is good for the corporate world?
Socialism is a joke dude. Not the answer.
I did not say it was. But this is good fodder for socialists
Generals and Admirals also get a very generous pension for the rest of their lives.
I agree with this. Unregulated Capitalism is just as dangerous. Look at the current state of affairs in this county. It’s not sustainable. This county will fail on its current path imo.
That’s because there is no correct answer and that the circumstances dictate that. CEO pay is often tied heavily to the performance of the company on Wall Street, at least in public companies while average labor is focused on a small function of the company. Average labor can vary widely by industry and scale of the operation
I just find it really, REALLY, hard to believe one person is worth more than all of his employees. It does not seem American to me.
Tesla and SpaceX would not exist if not for their CEO.
Maybe not UnAmerican in spirit, but killing the middle class is definitely unAmerican
Not if they are dishonorably discharged. Whereas a CEO gets a golden parachute.
That's not the case at all. They can do much better if the company does well but they are contracted with enormous pay and benefit packages regardless of the results. They also get huge buyouts if they fail. If they were tied completely to performance there might be some justification but that's not the case. And it's not just CEOs who get tremendous compensation packages.
Tesla and SpaceX would not exist if not for the US Government.
A quick google search tells me Chipotle’s CEO earned $24 million in 2023. With 120,000 employees, he could work for $0 and give the rest of his employees roughly $185 per year if divided equally. That’d be a $.14/hr raise for somebody who works an average of 25 hours per week.
Actually, both existed before Eloon bought them.
It’s ok, dad makes much more from his decade as president of a major engineering firm.
Please. They almost went out of business several times and only succeeded through Elon's sheer force of will. The stories about him sleeping on the Tesla shop floor are legendary.
Bullshit. Bar CEO's from sitting on the boards of other companies. See how far you get with that.
So companies today are doing 1000% better than in 1984? And if they are, why hasn't employee compensation risen by any number remotely approaching that? There was a time when a rise in worker productivity lifted all boats...was that wrong?
I’m not saying CEO compensation or employee wages is where it needs to be. I’m saying there isn’t a 1 size fits all comp multiplier and comparing average labor to a CEO is not productive.
They wouldn't be where they are without massive government subsidies. No bootstraps for E-Loon
Elon Musk is speaking out against government subsidies. Here's a list of the billions of dollars his businesses have received.
Musk's companies benefited from subsidies as recently as April, when SpaceX won a $2.89 billion contract from NASA. Tesla got subsidies for years.
www.businessinsider.com
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