https://www.commondreams.org/news/average-ceo-pay
CEOs at top US companies saw their pay skyrocket by 1,085% since 1978, while typical worker pay only increased by 24%
Pay raise means jack all for ordinary people. Our buying power went down a lot more than 24%.
This does seem to be adjusting for inflation; according to one of the sources they cited:
From 1979 to 2020, net productivity rose 61.8%, while the hourly pay of typical workers grew far slower—increasing only 17.5% over four decades (after adjusting for inflation).
That said I think there's some problems with how inflation is calculated, and the implications of the distribution of total ownership of wealth isn't really mitigated by increasing affordability of consumer goods.
That's never getting fixed through voting. Only violence will change things. These cunts seem to forget that once we have nothing left to lose, they have EVERYTHING to lose.
Well, if the government heavily taxed everything above like 100 million $$$, then the money would flow back into the economy, which it obviously doesn't while being sat on by pathologic hoarders.
I am actually still not sure why it isn't fixed through voting. And I mean shareholder-voting, not public voting.
But after things like Elon Musk's compensation package getting approved (again) it cleared won't work through that mechanism either.
Because shareholders can pay some armed thugs to keep them safe from the dirty plebs, which is cheaper than paying said plebs decent wages
Why would it be fixed through shareholder voting? Most employees aren't represented in those votes. The major shareholders have fundamentally different interests that are opposed to the interests of the employees. If employees were a majority shareholder, then that could work, but that's almost never the case.
My comment was aimed more towards the excessive CEO pay, not the stagnation in worker's pay.
Probably not the best source (just one of the first Google results), but as an example, if I read something like this:
How much money did Marissa Mayer make while running Yahoo? During her five years at Yahoo, from 2012 to 2017, Marissa's total compensation, including salary, stock, and bonuses, was $405 million. Verizon acquired Yahoo for a little over $4 billion in 2016. Marissa earned roughly $120 million from the acquisition through a mix of bonuses, accelerated stock options and salary. For example, she was paid a onetime bonus of $23,011,325 once the Verizon acquisition was finalized.
Then it seems to me like the shareholders somehow got the short end, despite being the ones with the power to make changes.
People should push for ballot initiatives in the half of US states where citizens can practice direct democracy.
And here we have the root cause of every other problem that plagues the US - the entire nation, socially, politically and even psychologically, has been warped towards the sole purpose of pouring as much wealth as possible into the pockets of a relative few.
That's human history. The wealth gets pulled towards a small elite because king, high priest or banker. It reaches a peak and then there is a revolution, the debt records are burned and the land is redistributed. Measures are out in place to prevent wealth concentration and the new elite starts chipping away at the measures. Rinse and repeat.
We know this but always choose to ignore the dynamic.
Always has been.
The United States was founded by land owning business owners who didn't want to pay taxes that didn't benefit them directly (partially justified because of what it was for) who owned slaves and committed genocide to expand territory. The most venerated citizens are those that built their wealth by ruining the lives of their workers, abusing the patent system, and gangsters. Today's hustle culture is just the current trend of tricking the poor into working 24 hours a day since we only get to have legal forced slavery in prisons.
US culture has always been about the centralization of weath.
It's understandable republicans ignore the obvious cause, that's what they do, just deny reality.
But it really fucking sucks Dem leadership does the same thing. There's Bernie, AOC, a handfull of other progressives that will openly say this is the problem, but a "moderate" won't say they're the problem.
We need to take the party back to where it was 80 years ago when FDR pushed to limit pay to fight wealth inequality.
Moderates stopped him back then just like they did for universal healthcare tho. So 80+ years later we're still fighting for it.
And yet most of population is still bootlicking.
Gonna need to see 10000% to get these people to understand I guess
