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16,449 hits 3.3 (4 votes) Share Favorite | Flag 6 years ago by 314159

Should CEOs have their pay capped?
Some CEOs make over a thousand times as much as the lowest paid workers in their company.


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6 yrs ago, 3 mos ago - Wednesday 4/2/14 - 1:28:20 PM EST (GMT-5)
Weird
6 yrs ago, 3 mos ago - Thursday 4/3/14 - 6:26:34 AM EST (GMT-5)
No, you can't limit income like that.
6 yrs ago, 3 mos ago - Thursday 4/3/14 - 8:11:59 AM EST (GMT-5)
Comparing it to the lowest paid workers in the company is stupid. It needs to be compared with other jobs having similar levels of responsibility. Being a CEO of a company that employed low skill labor shouldn't be compensated less than a CEO that employs high skilled labor because the employees earn less money.

CEO compensation should be based on the size/complexity of the company and profitability (both long and short term).

6 yrs ago, 3 mos ago - Thursday 4/3/14 - 9:05:03 AM EST (GMT-5)
I would support such a thing only if the decision was made within the company. If I were in such a position to influence such a decision, I would lobby for some version of a CEO salary cap relative to other salaries in the company.
6 yrs ago, 3 mos ago - Thursday 4/3/14 - 10:24:13 AM EST (GMT-5)
Maybe not capped, but certainly reined in. Not sure how to do that exactly.

But in terms of income inequality in general, I think a good place to start making things a little bit more fair would be with capital gains tax: treat it just like any other income, not some special way for rich people to make more money and pay less (proportionally) in taxes.
6 yrs ago, 3 mos ago - Friday 4/4/14 - 3:44:15 AM EST (GMT-5)
Most ceo's salaries are insanely high.
6 yrs ago, 3 mos ago - Friday 4/4/14 - 7:55:05 PM EST (GMT-5)
depends on the company, the difficulty of the work, and how profitable it is. the board of directors generally makes that call.

if they're heading google, microsoft or some fortune 500 company, expect it to be high. if it's some small business, it won't be that high. personally i'd dictate CEO pay with how profitable the company is.
6 yrs ago, 3 mos ago - Friday 4/4/14 - 9:35:38 PM EST (GMT-5)
On Thursday 4/3/14 - 6:26:34 AM Spree-Killer wrote:
No, you can't limit income like that.


Why not?
6 yrs ago, 3 mos ago - Friday 4/4/14 - 11:31:39 PM EST (GMT-5)
On Thursday 4/3/14 - 6:26:34 AM Spree-Killer wrote:
No, you can't limit income like that.
On Friday 4/4/14 - 9:35:38 PM Guilty_Spark wrote:
Why not?


Why? Shouldn't a business be able to decide how much to pay their own employees?

6 yrs ago, 3 mos ago - Saturday 4/5/14 - 10:41:44 AM EST (GMT-5)
On Thursday 4/3/14 - 6:26:34 AM Spree-Killer wrote:
No, you can't limit income like that.
On Friday 4/4/14 - 9:35:38 PM Guilty_Spark wrote:
Why not?
On Friday 4/4/14 - 11:31:39 PM CowDung wrote:
Why? Shouldn't a business be able to decide how much to pay their own employees?

No, or we'd have no minimum wage.
6 yrs ago, 3 mos ago - Saturday 4/5/14 - 10:50:27 AM EST (GMT-5)
On Thursday 4/3/14 - 6:26:34 AM Spree-Killer wrote:
No, you can't limit income like that.
On Friday 4/4/14 - 9:35:38 PM Guilty_Spark wrote:
Why not?
On Friday 4/4/14 - 11:31:39 PM CowDung wrote:
Why? Shouldn't a business be able to decide how much to pay their own employees?
On Saturday 4/5/14 - 10:41:44 AM 314159 wrote:
No, or we'd have no minimum wage.


OK...

I guess I don't see a problem with not having a minimum wage.
6 yrs ago, 3 mos ago - Saturday 4/5/14 - 1:01:23 PM EST (GMT-5)
On Saturday 4/5/14 - 10:50:27 AM CowDung wrote:
OK... I guess I don't see a problem with not having a minimum wage.

Not one? Not even a potential problem? If we did away w/ the minimum wage tomorrow, is there anything you'd recommend we monitor out of concern that it might backfire, have an unforeseen hitch, or otherwise result in something that would need to be addressed as a result?
6 yrs ago, 3 mos ago - Saturday 4/5/14 - 1:51:10 PM EST (GMT-5)
On Saturday 4/5/14 - 10:50:27 AM CowDung wrote:
OK... I guess I don't see a problem with not having a minimum wage.
On Saturday 4/5/14 - 1:01:23 PM IRLIteach wrote:
Not one? Not even a potential problem? If we did away w/ the minimum wage tomorrow, is there anything you'd recommend we monitor out of concern that it might backfire, have an unforeseen hitch, or otherwise result in something that would need to be addressed as a result?


No. I believe in the free market. Minimum wages cause price inflation and do little to improve one's real spending power. Look at the minimum wage raises and the declining economy in American Samoa over the past few years.
6 yrs ago, 3 mos ago - Saturday 4/5/14 - 2:36:43 PM EST (GMT-5)
American Samoa has problems other than minimum wage raises to explain it's declining economy.
6 yrs ago, 3 mos ago - Saturday 4/5/14 - 3:05:10 PM EST (GMT-5)
On Saturday 4/5/14 - 2:36:43 PM Wanderer wrote:
American Samoa has problems other than minimum wage raises to explain it's declining economy.


Funny how the decline seemed to correspond so well with the rising of the minimum wage there. Congress even recognized this and suspended the scheduled rises in the minimum wage to curtail the damage.
6 yrs ago, 3 mos ago - Saturday 4/5/14 - 3:08:56 PM EST (GMT-5)
On Saturday 4/5/14 - 1:51:10 PM CowDung wrote:
No. I believe in the free market. Minimum wages cause price inflation and do little to improve one's real spending power. Look at the minimum wage raises and the declining economy in American Samoa over the past few years.


Interesting that you should choose an economy where about 90% of land is communally owned, and a third of the workforce is in some kind of agriculture...and compare it to here, where virtually NO 'working land' is communally owned, and agriculture makes up <1% of the economy. Because they're so similar.
6 yrs ago, 3 mos ago - Saturday 4/5/14 - 3:11:33 PM EST (GMT-5)
On Saturday 4/5/14 - 1:51:10 PM CowDung wrote:
No. I believe in the free market. Minimum wages cause price inflation and do little to improve one's real spending power. Look at the minimum wage raises and the declining economy in American Samoa over the past few years.
On Saturday 4/5/14 - 3:08:56 PM birdsong4j wrote:
Interesting that you should choose an economy where about 90% of land is communally owned, and a third of the workforce is in some kind of agriculture...and compare it to here, where virtually NO 'working land' is communally owned, and agriculture makes up <1% of the economy. Because they're so similar.


Tuna canning was the biggest industry there, wasn't it?
6 yrs ago, 3 mos ago - Saturday 4/5/14 - 3:42:24 PM EST (GMT-5)

Per the wiki (so I can get reasonably exact figures without guessing), ag = 34%, industry (including tuna canneries) = 33%.
Again, I'm unsure as to how this relates to the US economy in any way. Their workforce demos are drastically different to ours, so what happens with a minimum wage there really can't be translated to how minimum wage raises would affect the US.
6 yrs ago, 3 mos ago - Saturday 4/5/14 - 3:52:00 PM EST (GMT-5)
What were the breakdowns before the minimum wage hike?

Certainly the effects would be different in the US, but there certainly would be negative effects.

Historically, minimum wage hikes really haven't improved real buying power- - particularly in the long term, but they do cause job losses.

6 yrs ago, 3 mos ago - Saturday 4/5/14 - 4:13:21 PM EST (GMT-5)
Looking at the source, those ARE the breakdowns before the minimum wage hike. The last data is apparently from the 1990s.
6 yrs ago, 3 mos ago - Sunday 4/6/14 - 8:20:45 AM EST (GMT-5)
On Thursday 4/3/14 - 6:26:34 AM Spree-Killer wrote:
No, you can't limit income like that.
On Friday 4/4/14 - 9:35:38 PM Guilty_Spark wrote:
Why not?
On Friday 4/4/14 - 11:31:39 PM CowDung wrote:
Why? Shouldn't a business be able to decide how much to pay their own employees?
On Saturday 4/5/14 - 10:41:44 AM 314159 wrote:
No, or we'd have no minimum wage.
On Saturday 4/5/14 - 10:50:27 AM CowDung wrote:
OK... I guess I don't see a problem with not having a minimum wage.

How about people not being able to feed their families?
6 yrs ago, 3 mos ago - Sunday 4/6/14 - 11:01:02 AM EST (GMT-5)
Perhaps they shouldn't be having a family if all they can get is a minimum wage job. The welfare system should (not saying that it does) be helping them acquire skills so they can get a decent paying job.
6 yrs ago, 3 mos ago - Sunday 4/6/14 - 11:22:46 AM EST (GMT-5)
Mmm, I love the smell of eugenics on a Sunday morning.
6 yrs ago, 3 mos ago - Sunday 4/6/14 - 12:18:04 PM EST (GMT-5)
On Sunday 4/6/14 - 11:01:02 AM CowDung wrote:
Perhaps they shouldn't be having a family if all they can get is a minimum wage job. The welfare system should (not saying that it does) be helping them acquire skills so they can get a decent paying job.

And if they lose their job, or get demoted, which of their kids should they have put down?
6 yrs ago, 3 mos ago - Sunday 4/6/14 - 1:05:20 PM EST (GMT-5)
On Sunday 4/6/14 - 11:01:02 AM CowDung wrote:
Perhaps they shouldn't be having a family if all they can get is a minimum wage job.


Why not just let them eat cake?

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