"The mine owners did not find the gold, they did not mine the gold, they did not mill the gold, but by some weird alchemy all the gold belonged to them!" - William "Big Bill" Haywood

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[–]Zombi 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

Oh yes of course. I think the ratio is honestly gross in some regards with just how much more the CEO makes. I DO think the head of the project should make more than the workers supporting it, though. Without a head, the body cannot live. Without a finger, the body is slightly inconvenienced. Again, though, I do NOT support the insane amount the head gets, but it should certainly be more. A lot of your pay should (ideally) be based on how replaceable you are tbh. It sounds cold, but it makes sense. Not saying workers shouldn't get a livable wage, but the fact remains that they just aren't important individually like the people who manage them. A singular bad worker can be inconvenient, but ultimately non detrimental to a project. A bad manager can turn the best crew of the finest workers into an unproductive mess and completely ruin the entire operation.

[–]magnora7[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (3 children)

I can agree with that, but the problem then comes from the CEOs who are "unreplaceable" and thus are worth paying $50M per year or whatever insane number. It's a lot easier to do a lung transplant than a head transplant, so it can be hard to gauge something like the CEO's replacement cost. I kind of like the way germany and france have their limits set, because this means if they want a raise for themselves, they have to raise the salary of the lowest-paid workers in their company in order to get it. I think this sort of mandated salary relationships is a good thing, it seems a smart way to reduce exploitation of those who are "easily replaceable"

[–]Zombi 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

As far as just how much a CEO should be paid I honestly can't think of a good system as that's too over my head. I like your example of France/Germany, that seems extremely fair. It's insane how much money they can hoard when that could easily go back to the workers or hell, go towards charity or some other good cause. But no, they just hoard money... sooooo much money that if they'd give even a fraction away to their workers it would make their quality of life so much better. Just a 10k bonus could be the difference between someone getting a much needed surgery and someone suffering due to lack of funds.

[–]magnora7[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

Exactly. The marginal improvement to having a billion dollars vs a billion dollars and one million dollars, is so minuscule. However that million dollars can do so much good help for so many people. And typically these are working people, who have earned their money, it's not some hand out! People deserve a quality life in America.

Being a billionaire should be illegal and globally frowned-upon, just like war criminals. I have hope that someday world culture will make this shift.

[–]JasonCarswell 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Flip it on it's head. Have a workers coop. Everyone has a voice and decides on how it's run. They hire a manager. If the manager screws up he's replaceable.