BD recalls are adding up...

Hobo Greg wrote: Haha what talent?!? These people got BONUSES on top of ridiculous salaries for GOING BANKRUPT. Heck, I could have done the same thing for half the cost. wsj.com/articles/after-bank… What are you people smoking? PS Thats not necessarily true regarding too many available workers keeping wages down, or else how do you explain the fact that UNTIL 1978, the wage of the American worker had more or less kept pace with executive wages?

Way to generalize. There are MANY more successful CEO's than failed ones. you just don't hear about them on CNN.

Let's see... I don't know the answer, but i bet i can think of some impacting factors:

1978. Minus ~35 year's..What happened then? Oh yeah, about 400,000 young men went to war and died. Smaller workforce until the baby boomers became eligible to work.

Many professions required more skill because there was less automation.

Free Trade didn't really exist, keeping worker wage competition local.

Travel and communication was much more limited, again keeping wage competition local.

Why dont you take some free classes and learn a skill so that you dont have to work 70 hours a week? Or read a book on personal finance? Or make better choices, like dont have kids if you cant support them?

I dont really know what youre complaining about...your nickname is hobo...

grog m wrote:Why dont you take some free classes and learn a skill so that you dont have to work 70 hours a week? Or read a book on personal finance? Or make better choices, like dont have kids if you cant support them? I dont really know what youre complaining about...your nickname is hobo...

As if a majority of CEO's or 1%er's are in their positions merely from education or skill level. This isn't a matter of picking ones self up by their boot-straps. Unhealthy and rigged systemic failures are much more the reason behind their positions. Even people that are highly educated, responsible and very driven are not in a position that reflects the work they have put in. Nepotism is not an American phenomenon and in most cases it leads to inequality and it leaves rotten cavities where they do not belong.

Hobo Greg wrote:have paid more in income tax than has General Electric!

I doubt it, but local tax relief helps attract businesses to an area. That brings in people t work the jobs they create, which brings in suppliers for whatever they are making or doing, which brings in more people, which attracts other businesses to serve those peoples needs, which...you get the idea. Tax breaks at a local level can be outstanding for the economy. The town I live in is a great example of this working.

The fact that you can't see more than one side of this issue is what's blinding you to the truth. there is a no black and white here, no evil "man" keeping you down. There's a reasonable argument to everything you say, because everything you say is so one sided. Try seeing the reality of the situation, instead of just your little piece of the pie. You sound like the entitled brat every conservative thinks all democrats are. You give democrats a bad name, and empower people like Trump.

Hobo Greg wrote: Don't you think cops, firefighters, teachers, soldiers, all deserve better pay? Or are those jobs beneath a living wage too?

A job pays only what people are willing to receive to work it. If it requires zero skill, it will always pay low. The real question is, what's a living wage? Some arbitrary increase in wage wont magically result in a living wage. The market will adjust.

Hobo Greg wrote: Typical of the internets and of mountain project. When presented with factual information, you'd rather try and discredit ME and not the factual information I've presented. Yeah, never mind the math that shows how the American worker's wage has grown so much slower than executive wages have since 1978. Lets focus instead on why I haven't become a CEO yet. Why is this the typical human reaction? You don't Why then do I have to BE a CEO in order to point out a pretty glaring disparity in pay between the vast majority of us and the 1% at the top, and how that disparity has grown over time?

Correct. You do not need to BE a physicist to understand physics, to BE a quarterback to understand football. But for those that are those things they get paid well to do so. What's your point again?

Anyway, are you worried about the BD recalls?

Brian L. wrote:FWIW, corporate executives are paid what they are because of high competition for the talent available. The pool of qualified individuals is small compared to the jobs available, so to try to attract the best talent, the wage and compensation has exploded.

Was there the same competition in 1978? (I picked 1978 because the other poster is saying exec comp has increased 928% since 1978).

Brian L. wrote:Compared the pushing the button on a rivet press, which anyone with a high school diploma can do (and even some without). Lots of people able to do the job drives the wage down, or keeps it stagnant.

Those jobs paid $20/hr or more in Colorado in 1980. Now much less, meanwhile cost of living has skyrocketed . CEO has more than kept up with inflation, workers not nearly. I think that's all hobo is saying. But maybe the 60's-80's were an unsustainable period for high worker wages. Or maybe there's been a massive change in ownership patterns

Brian L. wrote: Try seeing the reality of the situation, instead of just your little piece of the pie..

He does state facts about CEO's wages that are easily verifiable truths that have absolutely nothing to do with him.

It's nice to see MP has so many temporarily disadvantaged millionaires to speak up for CEOs. The real reason CEOs make the big bucks is because they also sit on the board of directors that set salaries and they only bring other good old boys from the right families into the fold. You will never be in that closed society.

I aspire to be a CEO someday and am actively making life choices to be wealthy. I dont want some rivet machine button pushing cuck to tell me that he should be paid equal to me just because he demands it.

grog m wrote:I aspire to be a CEO someday and am actively making life choices to be wealthy. I dont want some rivet machine button pushing cuck to tell me that he should be paid equal to me just because he demands it.

Yes, I do believe this one read that book I wrote years ago about the seven habits of very rich men. Bwa ha ha ha! If only I could see him performing that "look into your image in the mirror and say I will be rich one day!" ritual.

Hobo Greg wrote: Right now, we are not being compensated justly.

Yes you are. If you wont do the work at the price they offer, they will find someone else. There are people all around the world with a lower expectation for standard of living that will be glad to work for less whether it be in their home country our your home country legally or not. Disney and a power company in California recently brought in H1-B workers, had the Americans they were replacing train their replacements. H1-B is only supposed to be for jobs that they cannot find an American to do. They are doing what they can get away with. Suck it up.

Rick Blair wrote: Yes you are. If you wont do the work at the price they offer, they will find someone else. There are people all around the world with a lower expectation for standard of living that will be glad to work for less whether it be in their home country our your home country legally or not. Disney and a power company in California recently brought in H1-B workers, had the Americans they were replacing train their replacements. H1-B is only supposed to be for jobs that they cannot find an American to do. They are doing what they can get away with. Suck it up.

Spoken like an adult with some real world experience.

Hobo Greg wrote: Not equal to, just more in accordance with how hard American's work. Right now, we are not being compensated justly.

Yep. I'm not asking for more, I just want my wages to go up based on my output, not down or stagnant. I'm experienced and educated and fighting for every nickel I earn. While the CEOs are making more than their entire family could spend in 10 lifetimes.

Not asking for equality, but WTF!! It's a little ridiculous when the CEO's earn over 200 - 300% MORE than average or median worker.

Hobo Greg wrote: How can "entitled" and "working 70 hours a week" go together, unless you just flat out ignored that?

Work smarter not harder. Just because you work 70 hour's a week doesn't make you entitled to everything you claim you should have.

And honestly, I don' really care how hard you work. The tone of you post comes off as an entitled brat. You are literally the conservative stereotype of a democrat. You're as bad as a Trump supporter in my book.

Also, FSLA doesn't define what a "living wage" is. If it does, then by law you must be receiving one, since most work you are advocating for are non-exempt to FSLA.

Hobo Greg wrote: Not equal to, just more in accordance with how hard American's work. Right now, we are not being compensated justly.

Out of curiosity, what kind of education do you have?

To all who feel CEOs are make too much go run a company for year. See what it's like to worry about all those peoples lives. It's like having a hundred kids to take care of. Go layoff people when things get slow. No, not fire. Firing people is easy. If you fire someone you think it's their fault. See what it's like to tell someone they don't have a job because of your actions. See how it feels when other people's kids are affected by your failures.

Fuck you, fuck you fuck you and I'm out..

Bill Kirby wrote:To all who feel CEOs are make too much go run a company for year. See what it's like to worry about all those peoples lives. It's like having a hundred kids to take care of. Go layoff people when things get slow. No, not fire. Firing people is easy. If you fire someone you think it's their fault. See what it's like to tell someone they don't have a job because of your actions. See how it feels when other people's kids are affected by your failures. Fuck you, fuck you fuck you and I'm out..

Yeah because CEO's always have the workers in mind.

Mike Brady wrote: Yeah because CEO's always have the workers in mind.

Ya know, it only costs about $150 to incorporate. You could literally be the CEO of a taco stand. This threads reminds me how little dirtbags seem to know and why they need the government to force employers to give them a raise.

Ray Pinpillage wrote: Ya know, it only costs about $150 to incorporate. You could literally be the CEO of a taco stand. This threads reminds me how little dirtbags seem to know and why they need the government to force employers to give them a raise.

You are missing the point. CEO in this case is just a phrase/place holder for a much larger and more complex system.

I don't need anyone to give me anything, I have skills and have created a life which allow me to be in a position of freedom. That doesn't change the facts of a systems that has one small group reaping most of the rewards that a much larger group sow. Why is it that we are talking about facts and the people that can't grasp that are trying to dispute that with personal attacks. You don't know me and you don't know what I have done, yet you want to make generalizations about me.

Thanks for the laugh though.