(May 27, 2014 at 4:11 pm)Heywood Wrote:(May 27, 2014 at 3:48 pm)Minimalist Wrote: Here's why you're getting fucked over.
http://apnews.excite.com/article/2014052...46c57.html
Workers are getting fucked because of automation and not because of CEO pay. There is a less of a need for workers because machines can do it better and cheaper. Less need translates into being in a weaker position to negotiate a higher wage.
They're getting fucked because CEOs are sending jobs overseas and making other bad decisions concerning workers in order to grow their bottom line.
http://www.americanprogress.org/issues/l...tsourcing/
Quote:If you took CEO pay and divided it up among the workers, it would make hardly a difference in the lives of the workers.
Yes, it would. It totally would.
http://money.cnn.com/magazines/fortune/f...ay-ratios/
Discussing this is important. It's not about instigating class warfare. CEOs directly affect the lives of millions of people and the fact that they keep getting richer while workers continue to suffer is a disturbing trend.