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ANY company "needing" to offset an increase in MW has a big bucket that can be used for that purpose.So what does a CEO pay have to do with minimum wage?
And I saw a Trump supporter bragging that wages for low wage workers went up under Trump. He had nothing to do with those minimum wage increases. Probably voted on before he was even president. But then he uses the min wage increase to say look people are doing better because of me.
When he and all Republicans are/were/will always be against those minimum wage increases. Give Democrats credit for those increased wages.
The more managers making big bucks, the more total employees a company is likely to have. The point is, sure the guys at the top make a lot of money and it's easy to say their pay should be distributed to everyone else, but when you start looking at actual numbers, everyone else wouldn't really get that much. And in a small company it's even worse because in many cases the owner doesn't take much of a salary until his company is solidly established while he has to pay his workers whether he has a good month or a bad one.That assumes that a CEO of a company with 10,000 employees only makes 1 million..and that there aren't MANY managerial types in that company making big bucks.Have you ever done a cost comparison between total management pay and total non-management pay? In a large company, the CEO might make a million +, but if there are 10,000 employees, you could give his entire salary to the rest of the company and they would hardly notice.And they can offset those costs...by cutting management salaries.That depends on the cost differential. If you have to pay an employee more per hour than you would a cleaning company, you'd be foolish to cut the cleaning company. Same with plowing the parking lot. The owner would have to have his own equipment, transport it to the parking lot, carry insurance to protect him if he damages a car or city property and take the time out of his day to do the plowing. He would be stupid to do that if he was getting the equivalent of $100/hr from the company and would pay a service $50/hr.Who's going to do the work of the 1.4 million?
It's not as if employers keep surplus workers around the shop just in case.
They'll just get by with one or 2 less employees.
Or maybe the business won't hire a cleaning company and have their workers sweep up
Maybe the owner will plow his own parking lot instead of paying someone else to do it?
There are millions of ways to save a little money here and there
and you don't think the cleaning company will have to pay their cleaners 15 an hour too?
So not only do your labor costs go up but you now have to pay the cleaners more too.
And since plowing is usually done before the business opens or after it closes it doesn't cut into the owners productivity at work so why pay a guy to do it?
Uuuuu there's a thought huh?
But then you identify with management and not with rank and file employees so you'd never cut THEIR salaries woudja
Top level salaries have gone up like 400X since 1980 while rank and file pay has stagnated.
If they were only making $8 an hour they are already living in poverty...and collecting food stamps.and 900,000 lifted out of poverty.
How many kicked back into poverty, when their job is destroyed?
That's quite misleading, because in many cases high cost of living areas have MW's that are significantly higher than the federal one. IOW, one size doesn't fit all and freedom and flexibility work. Who, for example, earns $7/hr in Seattle, NYC, Chicago? So to say MW is only $7/hr is not very informative or accurate because in many places it is a lot higher.
CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time
The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.www.epi.org
MW in 1980 was $3.25. Adjusted for inflation would put it above $10/hr. What is it? Just over $7/hr?
Please cite where you get the assertion that "ANY company "needing" to offset an increase in MW has a big bucket that can be used for that purpose". I'd like to know where these big buckets are.ANY company "needing" to offset an increase in MW has a big bucket that can be used for that purpose.So what does a CEO pay have to do with minimum wage?
But it's far more important that the jerks at the top get an extra vacation home in Aspen or Marth's Vineyard than for the workers who actually make the product that produces the company's profits has just a DECENT life...in your mind anyway
I've explained myself pretty well. If you don't understand now you never will.Please cite where you get the assertion that "ANY company "needing" to offset an increase in MW has a big bucket that can be used for that purpose". I'd like to know where these big buckets are.ANY company "needing" to offset an increase in MW has a big bucket that can be used for that purpose.So what does a CEO pay have to do with minimum wage?
But it's far more important that the jerks at the top get an extra vacation home in Aspen or Marth's Vineyard than for the workers who actually make the product that produces the company's profits has just a DECENT life...in your mind anyway
ANY company "needing" to offset an increase in MW has a big bucket that can be used for that purpose.
But it's far more important that the jerks at the top get an extra vacation home in Aspen or Marth's Vineyard than for the workers who actually make the product that produces the company's profits has just a DECENT life...in your mind anyway
CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time
The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.
MW in 1980 was $3.25. Adjusted for inflation would put it above $10/hr. What is it? Just over $7/hr?
PromplySeveral decades of good economic years, along with minimum wage increases over the last 83 years, I'm guessing...not really.The first time the 'we will lose jobs if the minimum wage is raised' argument was used was in 1938..when FDR got the wage raised to .25 cents an hour.
Did anyone lose their job when he did that?
After the Republican Great Depression, FDR put this nation back to work, in part by raising taxes on income above $3 to $4 million a year (in today's dollars) to 91 percent, and corporate taxes to over 50% of profits. The revenue from those income taxes built dams, roads, bridges, sewers, water systems, schools, hospitals, train stations, railways, an interstate highway system, and airports. It educated a generation returning from World War II. It acted as a cap on the rare but occasional obsessively greedy person taking so much out of the economy that it impoverished the rest of us.
Roll Back the Reagan Tax Cuts | Common Dreams
Our bridges are falling apart (among other things), and its Ronald Reagan's fault. A few hours before the bridge collapsed in Minnesota, a news release landed (among hundreds) in my email inbox. It was from the right-wing "Heartland Institute" and a Minnesota conservative group calling itself...www.commondreams.org
But the rich fought back, and won big-time in 1980 when Reagan, until then the fringe "Voodoo economics" candidate who was heading into the election trailing far behind Jimmy Carter, was swept into the White House on a wave of public concern of the Iranians taking US hostages. Reagan promptly cut income taxes on the very rich from 70% down to 27%. Corporate tax rates were also cut so severely that they went from representing over 33% of total federal tax receipts in 1951 to less than 9% in 1983 (they're still in that neighborhood, the lowest in the industrialized world).
The result was devastating. Our government was suddenly so badly awash in red ink that Reagan doubled the tax paid only by people earning less than $40,000/year (FICA), and then began borrowing from the huge surplus this new tax was accumulating in the Social Security Trust Fund. Even with that, Reagan had to borrow more money in his 8 years than the sum total of all presidents from George Washington to Jimmy Carter combined.
In addition to badly throwing the nation into debt, Reagan's tax cut blew out the ceiling on the accumulation of wealth, leading to a new Gilded Age and the rise of a generation of super-wealthy that hadn't been seen since the Robber Baron era of the 1890s or the Roaring 20s.
And, most tragically, Reagan's tax cuts caused America to stop investing in infrastructure. As a nation, we've been coasting since the early 1980s, living on borrowed money while we burn through (in some cases literally) the hospitals, roads, bridges, steam tunnels, and other infrastructure we built in the Golden Age of the Middle Class between the 1940s and the 1980s.
We even stopped investing in the intellectual infrastructure of this nation: college education. A degree that a student in the 1970s could have paid for by working as a waitress now means incurring massive and life-altering debt for all but the very wealthy. Reagan, who as governor ended free tuition at the University of California, put into place the foundations for the explosion in college tuition we see today.
I've noticed you couldn't defend the claims Thom made in this silly article.......
Do you see all his errors?
Reagan promptly cut income taxes on the very rich from 70% down to 27%.
Promptly? How promptly?
Corporate tax rates were also cut so severely that they went from representing over 33% of total federal tax receipts in 1951 to less than 9% in 1983
How severely did Reagan cut the corporate tax rate?
It must have been a lot to drop receipts to 9% in 1983. Right?
So, what you're really complaining about is a handful of companies. Now, where are these huge buckets of money?I've explained myself pretty well. If you don't understand now you never will.Please cite where you get the assertion that "ANY company "needing" to offset an increase in MW has a big bucket that can be used for that purpose". I'd like to know where these big buckets are.ANY company "needing" to offset an increase in MW has a big bucket that can be used for that purpose.So what does a CEO pay have to do with minimum wage?
But it's far more important that the jerks at the top get an extra vacation home in Aspen or Marth's Vineyard than for the workers who actually make the product that produces the company's profits has just a DECENT life...in your mind anyway
Oh and a company with 10,000 employees is among the top third largest in the world.
Your assertion that a CEO of a company that large only makes a million shows that you either have NO idea what you are talking about or are simply totally dishonest
Read the links provided. The median CEO pay is almost 15 million. MEDIAN. And that's just the CEO
ANY company "needing" to offset an increase in MW has a big bucket that can be used for that purpose.So what does a CEO pay have to do with minimum wage?
But it's far more important that the jerks at the top get an extra vacation home in Aspen or Marth's Vineyard than for the workers who actually make the product that produces the company's profits has just a DECENT life...in your mind anyway
If they were only making $8 an hour they are already living in poverty...and collecting food stamps.and 900,000 lifted out of poverty.
How many kicked back into poverty, when their job is destroyed?
Introduction and key findings
Chief executive officers (CEOs) of the largest firms in the U.S. earn far more today than they did in the mid-1990s and many times what they earned in the 1960s or late 1970s. They also earn far more than the typical worker, and their pay has grown much more rapidly. Importantly, rising CEO pay does not reflect rising value of skills, but rather CEOs’ use of their power to set their own pay. And this growing power at the top has been driving the growth of inequality in our country.
One ripoff doesn't excuse another
You use an example of one type of worker being underpaid as an excuse to underpay othersOne ripoff doesn't excuse another
Who's getting ripped off? Ripped off is a phrase that means stealing.
Read the links provided. The median CEO pay is almost 15 million. MEDIAN.
