Busting the “Paid What You’re Worth” Myth

Discussion in 'Economics' started by Frederick Foresight, Jun 27, 2023.

  1. Going for the checkmate, I see. :)

    I said I don't have a solution; I just see a problem. Do you see a problem, or are all systems just groovy and peachy keen as far as the eye can see?

    Is it necessary to get industry-specific? I don't think so.
     
    #81     Jun 28, 2023
  2. newwurldmn

    newwurldmn


    I don't see a problem in the wealth disparity in America. Today there is a massive shortage of skilled labor. Yet people don't want to train up. Almost anyone can be making 70,000/year with 24 months. It takes going into a trades or going into a skilled profession and learning said skill. People aren't becoming CDL drivers, plumbers, welders, machinists, etc. All these pay north of 75,000. It's not the CEO of McDonald's fault that his workers are not choosing this path. Further in America, everyone has the opportunity to make it big. Some people have it easier than others, but that's a separate issue.

    Given that you are so concerned about CEO pay, it's probably worth noting whose "excessive" pay you aren't concerned with to understand if your real issue is
    1. Lower waged workers
    2. Highly paid people in general, including those who aren't the CEO of a company
    3. CEO's specifically

    It seems like your problem is #2 and you aren't willing to admit it.
     
    #82     Jun 28, 2023
    engineering likes this.
  3. Looks like you got me pegged. Thank goodness I'm one-dimensional.
     
    #83     Jun 28, 2023
    tetramorium likes this.
  4. piezoe

    piezoe

    I think a closer look would show this "paid according to impact" not to be true, but only seeming to be true if one doesn't look to closely. Reich's thesis makes somewhat more sense to me.
     
    #84     Jun 28, 2023
  5. newwurldmn

    newwurldmn

    please elaborate.
     
    #85     Jun 28, 2023
  6. newwurldmn

    newwurldmn

    I’m good that way.
     
    #86     Jun 28, 2023
  7. By "some" you actually mean thousands of instances:
    "OLMS investigations also led to 2,297 indictments and 2166 convictions"


    Unlike a bad CEO at a single company, a union will take over an entire field.

    No it's more about envy. I have yet to see a detailed analysis explaining why Joe new guy in the shipping department should have his wages linked to the CEO of a multi-billion dollar organization.
    Skilled labor is in very high demand right now. Companies are willing to pay to train. If you're still working for minimum wage in spite of that, the problem is not unfair CEO pay.

    Unions didn't do that, the labor movement did. You'll note that these things exist for people regardless of union membership. The union people are the ones engaging in harassment, intimidation, trespassing, etc. If you want to see their true colors, try crossing a picket line.
     
    #87     Jun 28, 2023
  8. SunTrader

    SunTrader

    Let's see a link - which provides who (not an unnamed faceless group) that is actually saying this. As well as their data source.
     
    #88     Jun 29, 2023
  9. Are you sure you understood the points you responded to?
     
    Last edited: Jun 29, 2023
    #89     Jun 29, 2023
  10. %%
    LOL, exactly+ no wonder he looks so sad:caution::caution:
    Dave Ramsey helps much more than him.
    Some workers do some side business, or better...........................................
     
    #90     Jun 29, 2023