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

[DEAD7]

'Deserve' and 'Fairness' are imaginary concepts. People get paid what they negotiate.

 

[Black smoke and cac jokes]

The best way to do that is through job creation. There are too many unemployed people and the surplus of labor is driving down wages.

It's sad how stupid a person can be

 

[NZA]

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....

remember, the point was not condemnation. it was to draw a distinction between CEOs and the entertainers and athletes you were comparing them to...

and as i said earlier, i did not mean to imply that entertainers only had unguaranteed money, but that whenever possible their contracts include unguaranteed money unlike executives who tend to move in the reverse. you have to look at the small print when it comes to them. even their bonuses contain money that is not pegged to performance, thus making it guaranteed money under the guise of pay for performance...

also, you seem eager to use zero sum fallacy. maybe you learned that from a conservative blog, i dont care about that and it does not apply to me. one can be for raising worker pay in relation to CEO pay without needing the CEO to lose money. the only reason the CEO is needed to be mentioned is to give a reference for how top employees see their wages increase at a pace much higher than the rest of the company. so no, it does not have to be a zero sum game. if CEOs are paid 725% more over the last 30 years, then i would say raise workers wages as much without hurting the CEO.

CEO pay is set by the board, and CEOS often have a relationship with the board that rigs the game in their favor. typically they are all in the same circles and many of these people will be working for the CEO. also, shareholders dont actually know all of the compensation schemes in advance, and even when they dont like what is happening, all they really can do is sell.

 

[DEAD7]

the only reason the CEO is needed to be mentioned is to give a reference for how top employees see their wages increase at a pace much higher than the rest of the company.

Do you think supply and demand play a role?

 

[NZA]

Do you think supply and demand play a role?

CEOs dont face the same market forces that non executives face, so the comparison, again, doesnt really teach us anything. CEOs dont strongly compete for hiring and drive each other's wages downward, even in recessions. there is a tiny supply of CEO jobs, yet they get paid as if the demand is many orders of magnitude higher than what it really is.

 

[DEAD7]

CEOs dont face the same market forces that non executives face, so the comparison, again, doesnt really teach us anything. CEOs dont strongly compete for hiring and drive each other's wages downward, even in recessions. there is a tiny supply of CEO jobs, yet they get paid as if the demand is many orders of magnitude higher than what it really is.

Fair enough, but I'd argue that the demand for 'talented' CEO's is always high, and that high pay is also meant to attract the best talent.

 

[Starman]

Old Economy Steve

Where can I get more of this meme?

 

[NZA]

Fair enough, but I'd argue that the demand for 'talented' CEO's is always high, and that high pay is also meant to attract the best talent.

rewarding talent is one force, but for the most part it seems to have no bearing on all the guaranteed money and golden parachutes. they are also rewarded for breathing

 

[无名的]

And what have those people done relative to their peers to earn anything....people like you who forgot how this country got to where it is are the problem. Everyone who critiques the current system is "entitled." Were people entitled when they first fought for minimum wage laws, laws against child labor, etc. Living in a nation is a social contract. Every part is necessary. It is hardly "fair" that those with the most--most of whom did not earn anything or are in that position due to accidents of birth--continue to profit while everyone else falls backward. Your points are in the vast minority, but you frame it in those sacred terms of "hard work" and "earning it" to make the person opposed to you seem like a lazy bum who just wants a hand out instead of a human being with human rights who is entitled to dignity. It is only in those terms that you frame it that everyone believes in that the status quo can be justified. The false pretense of a meritocracy.

Is that a serious question?

 

[KingpinOG]

So what would you left wingers say to the 500,000 Americans who would lose their jobs because of the law you support?

Or do you just not care?

 

[Sensitive Blake Griffin]

So what would you left wingers say to the 500,000 Americans who would lose their jobs because of the law you support?

Or do you just not care?

please don't act like republicans care about people losing jobs