RE: CEOs work harder every hour than their wage slaves do every season.
January 26, 2014 at 11:20 pm
(January 26, 2014 at 9:26 pm)Ryantology (╯°◊°)╯︵ ══╬ Wrote:Actually I think that if we had a true libertarian system this would not happen as they would be too much competition for them to take those wages. As it is with mixed economies they lobby the government to do whatever they want.(January 26, 2014 at 8:59 pm)Lemonvariable72 Wrote: The issue here is value of labour. You get just about any body that will make a good employee at macdonalds, where as few people have what it takes to run one of these massive companies. Some of those guys spend 16 hours a day building those companies from the ground up, others slit some throats to get into position, and many do both.
I understand that and I'm not suggesting that a burger flipper deserves to earn wages equal to the salary of the CEO. I'm suggesting that the difference in labor value is not exponential. CEOs should make more, no argument there. What I want to know is, what is the justification for CEOs making obscene amounts of money off the backs of people he pays so little that those people can't afford to live a life secure from poverty?
I can never be a libertarian because I cannot come up with even the slightest justification for the proposition that people who literally have no material need should be able to continue accumulating unnecessary personal wealth at the direct expense of people who can't afford basic survival with (or in many tragic cases, without) government assistance, let alone a moderate, minimally secure lifestyle.
CEOs of major companies can still be ridiculously wealthy while paying their employees enough for a financially-secure lifestyle. Owners of small businesses can still make enough for a comfortable lifestyle while paying their employees enough for a financially-secure lifestyle. If they can't, why should they be owning or operating buisnesses? They are clearly not good at it.
To-morrow, and to-morrow, and to-morrow,
Creeps in this petty pace from day to day,
To the last syllable of recorded time;
And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!
Life's but a walking shadow, a poor player,
That struts and frets his hour upon the stage,
And then is heard no more. It is a tale
Told by an idiot, full of sound and fury,
Signifying nothing.
Creeps in this petty pace from day to day,
To the last syllable of recorded time;
And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!
Life's but a walking shadow, a poor player,
That struts and frets his hour upon the stage,
And then is heard no more. It is a tale
Told by an idiot, full of sound and fury,
Signifying nothing.
