CBO: Obama’s minimum wage plan would cost jobs but help millions

DEAD7

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CEOs get paid over 500 times the amount of workers in America. Other first world countries is 30 to 50 times the amount (American CEOs got paid that prior to Reagan). We need to slash the CEO bonuses and stop buying excuses from them and they saying "we need to have incentive to work" :mjlol:

But these people act like CEOs are gods and can't be touched.
Does this slash extend to musicians, athletes and actors? or are they cool? :mjpls:
 

DEAD7

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please dont tell me you think an executive employee is like a professional entertainer/athlete who contracts his work to a company?
:ohhh: So it isnt the pay... its the job.

How does that work exactly? :ld:
Why is it ok for one actor to earn 100 times more than another in the same film, but not ok for one in a company to earn 100 times more than some one else in the same company?

Break it down for me.
 

NZA

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:ohhh: So it isnt the pay... its the job.

How does that work exactly? :ld:
Why is it ok for one actor to earn 100 times more than another in the same film, but not ok for one in a company to earn 100 times more than some one else in the same company?

Break it down for me.
no it's not the job, it is how they are employed or in other words, their relationship to the company that is paying. if executives were all contracted to do their work, their average pay would be far lower and more closely tied to performance.

an underperforming football player has unguaranteed money on his contract that means he can be cut with no expectation of further compensation outside of an NFL pension and 5 years of health insurance, but even that has certain milestones attached to it, so if he doesnt meet certain criteria, he can leave with nothing more than the pay he has already recieved which those 3 year rookie contracts can be pretty weak as athletes go (super bowl winning QB russell wilson is making about a half a mill a year). a CEO can fail miserably and there is often no rhyme or reason to whether he keeps his job or gets bonuses and raises. even when losing his job for some spectacular fail, they often leave with a ton of cash on the way out. performers do not enjoy such an easy life because they are not shot callers from within, they are outsiders negotiating contracts and having metrics applied every step of the way.
 

Malik

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When you look at the real demographics of who makes the MW you realize it's mostly 2 groups of people and this whole media thing is a farce

1.)HS teenagers/College students trying to get side money
2.) Older folks who retired from their careers and want some extra cash

Its not 28 year old single mothers with 3 kids like the democrats have made it out to be :laff:. And they KNOW that, but they're trying to go for the emotional aspect instead of the facts. When you raise the mw what you're REALLY doing is making sure little jimmy in the suburbs can get his iPhone quicker

Lies. Retail stores are open all day. High school kids and college kids are at school then, so how are they working daytime hours?

Older folks work part time for extra cash. They not putting in 40 hours. More like 20 hours a week. So that's a lie too.

Most people working minimum wage are regular adults.
 

DEAD7

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no it's not the job, it is how they are employed or in other words, their relationship to the company that is paying. if executives were all contracted to do their work, their average pay would be far lower and more closely tied to performance.

an underperforming football player has unguaranteed money on his contract that means he can be cut with no expectation of further compensation outside of an NFL pension and 5 years of health insurance, but even that has certain milestones attached to it, so if he doesnt meet certain criteria, he can leave with nothing more than the pay he has already recieved which those 3 year rookie contracts can be pretty weak as athletes go (super bowl winning QB russell wilson is making about a half a mill a year). a CEO can fail miserably and there is often no rhyme or reason to whether he keeps his job or gets bonuses and raises. even when losing his job for some spectacular fail, they often leave with a ton of cash on the way out. performers do not enjoy such an easy life because they are not shot callers from within, they are outsiders negotiating contracts and having metrics applied every step of the way.

CEO's are subject to the same negotiations, and many players do work guaranteed money into their contract. I look at baseball salaries(*cough* yankees) and you can see this.
But that aside, you sound as if you are the one paying :dwillhuh:... you're not. Why are you so passionate about what another human being does with their property?
the zero sum fallacy i'm sure :rudy:



For us third parties far removed from the transaction to look in and cast judgement is nothing but arrogance. For me(for example) to think I have any idea how much of their money apple shareholders should have been paying Steve Jobs, and what kind of package he deserved upon leaving(success or fail) is insane... and borderline offensive.

We can express disdain at income inequality without trying to control what people do with their property and/or assets.:aicmon:
 

NZA

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CEO's are subject to the same negotiations, and many players do work guaranteed money into their contract. I look at baseball salaries(*cough* yankees) and you can see this.
But that aside, you sound as if you are the one paying :dwillhuh:... you're not. Why are you so passionate about what another human being does with their property?
the zero sum fallacy i'm sure :rudy:

For us third parties far removed from the transaction to look in and cast judgement is nothing but arrogance. For me(for example) to think I have any idea how much of their money apple shareholders should have been paying Steve Jobs, and what kind of package he deserved upon leaving(success or fail) is insane... and borderline offensive.

We can express disdain at income inequality without trying to control what people do with their property and/or assets.:aicmon:
i never meant to imply that all athlete pay was unguaranteed, and i have no idea how you could get that i am "passionate" about this. this is the first time i have ever spoken about "CEO/athlete" pay here.

the point is that executives have influence over the purse strings, so they will increase their pay whenever possible. nobody else can do that so comparing them to other professions doesnt make sense

i also never mentioned whether or not any particular executive deserves anything. i outlined how their pay is not structured tightly to performance like entertainers. that is all. stop getting emotional. :what:
 

Street Knowledge

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Lies. Retail stores are open all day. High school kids and college kids are at school then, so how are they working daytime hours?

Older folks work part time for extra cash. They not putting in 40 hours. More like 20 hours a week. So that's a lie too.

Most people working minimum wage are regular adults.
That's most MW workers in general breh :upsetfavre:. The vast majority don't work full time and aren't the primary breadwinners in their homes which is my entire point.


"heated policy discussion is over a very small group of people. According to theBureau of Labor Statistics there are about 3.6 million workers at or below the minimum wage (you can be below legally under certain conditions). That is 2.5 percent of all workers and 1.5 percent of the population of potential workers. Within that small group, 31 percent are teenagers and 55 percent are 25 years old or younger. That leaves only about 1.1 percent of all workers over 25 and 0.8 percent of all Americans over 25 earning the minimum wage"



Photo credit: Mark Turnauckas

Within that tiny group, most of these workers are not poor and are not trying to support a family on only their earnings. In fact, according to a recent study, 63 percent of workers who earn less than $9.50 per hour (well over the minimum wage of $7.25) are the second or third earner in their family and 43 percent of these workers live in households that earn over $50,000 per year. Thus, minimum wage earners are not a uniformly poor and struggling group; many are teenagers from middle class families and many more are sharing the burden of providing for their families, not carrying the load all by themselves.
http://www.forbes.com/sites/jeffreydorfman/2014/01/30/almost-everything-you-have-been-told-about-the-minimum-wage-is-false/

Less then one percent of all workers over 25 are making minimum wage
 

Wild self

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Lies. Retail stores are open all day. High school kids and college kids are at school then, so how are they working daytime hours?

Older folks work part time for extra cash. They not putting in 40 hours. More like 20 hours a week. So that's a lie too.

Most people working minimum wage are regular adults.

True. I can't comprehend when people are making less than $200 per week :wow:
 

无名的

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CEOs get paid over 500 times the amount of workers in America. Other first world countries is 30 to 50 times the amount (American CEOs got paid that prior to Reagan). We need to slash the CEO bonuses and stop buying excuses from them and they saying "we need to have incentive to work" :mjlol:

But these people act like CEOs are gods and can't be touched.

So what? Did the UN declare a universal CEO pay scale? I don't give a flying fukk what other countries do because what other countries do doesn't always work here and vice versa.

This type of mentality is why America is on the decline. The "everyone gets a trophy" entitlement society we've created is so pathetic. People have forgotten that you don't deserve shyt, you earn shyt.
 

MeachTheMonster

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So what? Did the UN declare a universal CEO pay scale? I don't give a flying fukk what other countries do because what other countries do doesn't always work here and vice versa.

This type of mentality is why America is on the decline. The "everyone gets a trophy" entitlement society we've created is so pathetic. People have forgotten that you don't deserve shyt, you earn shyt.

Yup, cause wealthy executives are the ones doing all the work in this country :heh:
 

Wild self

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So what? Did the UN declare a universal CEO pay scale? I don't give a flying fukk what other countries do because what other countries do doesn't always work here and vice versa.

This type of mentality is why America is on the decline. The "everyone gets a trophy" entitlement society we've created is so pathetic. People have forgotten that you don't deserve shyt, you earn shyt.

Didn't mean to offend your stockholders and your gods :mjlol:

Some of the CEOs are legit scumbags, but you :cape: for them like they are better than human flesh.
 

DEAD7

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i never meant to imply that all athlete pay was unguaranteed, and i have no idea how you could get that i am "passionate" about this. this is the first time i have ever spoken about "CEO/athlete" pay here.

the point is that executives have influence over the purse strings, so they will increase their pay whenever possible. nobody else can do that so comparing them to other professions doesnt make sense

i also never mentioned whether or not any particular executive deserves anything. i outlined how their pay is not structured tightly to performance like entertainers. that is all. stop getting emotional. :what:

CEO's can only get what the shareholders are willing to pay, and if you are condemning them for being greedy, then you will have a lot of people to condemn after you're done with them.
Actors get paid flop or not, ask Eddie Murphy, Mayweather gets 40 million guaranteed win or lose, and hand picks his opponents. Lets not act like CEO's are different from any one else in a position to make lots of money.
my question is why is it our business what they make? The only reason anyone can justify caring what some one else does with their money is the zero sum fallacy....:rudy:


Didn't mean to offend your stockholders and your gods :mjlol:

Some of the CEOs are legit scumbags, but you :cape: for them like they are better than human flesh.
:heh: Legit scumbags are everywhere, yet you target CEO's? There must be more to it than that....
 

MeachTheMonster

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CEO's can only get what the shareholders are willing to pay, and if you are condemning them for being greedy, then you will have a lot of people to condemn after you're done with them.
Actors get paid flop or not, ask Eddie Murphy, Mayweather gets 40 million guaranteed win or lose, and hand picks his opponents. Lets not act like CEO's are different from any one else in a position to make lots of money.
my question is why is it our business what they make? The only reason anyone can justify caring what some one else does with their money is the zero sum fallacy....:rudy:



:heh: Legit scumbags are everywhere, yet you target CEO's? There must be more to it than that....

With all these silly comparisons y'all keep making you forget the most important point. CEO's and other top executives have direct control over other employees pay/job prospects.

Getting paid a lot isn't the problem. Getting paid a lot while your employees struggle to feed their families is the problem.

I'll give a personal story. This past year profits were down at my job, so we did not get bonus checks or raises for 2013. Totally understandable right?

Not at all considering the rest of the story. I work as a technician. I have no control over what work comes in or what we as a company get paid for it. That's all handled by the higher ups. The higher ups failed to secure good enough contracts to make the company profitable. Yet they still got their big bonuses at the end of the year, while we the lowly workers, who did our jobs correctly didn't get anything.

That's just not right, whatever your political ideologies are
 

Wild self

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CEO's can only get what the shareholders are willing to pay, and if you are condemning them for being greedy, then you will have a lot of people to condemn after you're done with them.
Actors get paid flop or not, ask Eddie Murphy, Mayweather gets 40 million guaranteed win or lose, and hand picks his opponents. Lets not act like CEO's are different from any one else in a position to make lots of money.
my question is why is it our business what they make? The only reason anyone can justify caring what some one else does with their money is the zero sum fallacy....:rudy:



:heh: Legit scumbags are everywhere, yet you target CEO's? There must be more to it than that....

I target the ones that make the wages. They are the source of the problem.
 
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