What was the answer to the first question? Is it how they are being paid or how much?
I have seen no explanation as to how the amount a CEO makes correlates with how much those at the bottom make...
You suggested that the way they are paid could have an impact, but not how the amount they are paid impacts employees.
Is there a correlation?
Q: What exactly is the correlation between CEO pay, and worker pay?
A: being paid with stock options gives incentive to do massive short term growth strategies which usually means dumping on workers
Q: why the focus on how much they are paid?
A: because it shows that the executives are enriching themselves at the expense of labor
i understand you often have a confused look on your face, so i will try to unpack this.
you only asked what the correlation was at first. i told you it was the incentive structure in their pay that related to the widening wage gap.
you then created a pointless dichotomy between pay amount and pay scheme, which i ignored giving a direct answer to because it is pointless.
you also asked "why the focus on pay amount?" and i said because it shows that they are enriching themselves at the expense of labor. their pay rate has gone from around 40 to now more like 400 times the labor. this coincides with the rising popularity of very shortsighted executive pay schemes. nobody really cares what a ceo makes if it is not obscenely out of whack with labor, but you do have to point out what they make in order to illustrate the problem. again, nobody would really care about the amount if it was not exploding out of pace with that of the labor. you will need both the amount and the scheme to understand the problem since the amount is the result of the scheme
The minimum wage is set by the state. By this logic Buffalo, Albany and Syracuse should have high costs of living and yet they don't. I wish they would replace you with a real libertarian/right winger who knew anything about economics( i'd settle for supply and demand at this point). I love to have different viewpoints on here but you are so uninformed.
