Quote:
Originally Posted by BlackCrayon
How do you justify the average CEO salary being 335 times that of an average employee? Just in 1998 it was about half that. If things continue to go this way, we'll eventually see the average CEO making 1000 times what the average worker does.
As for the 'anyone can get rich' idea.. sure in theory but just about all of those hugely successful people have some kind ot catalytic event that propels them towards success and without, most likely would never of achieved such success. It could come from a connection that person just happens to have vs another person with the exact same idea who didn't have that connection. Guess who will be successful? Or like the guy who was lucky enough to get a relative to lend him 100k of capital vs the guy who has no one to lend him capital, etc etc etc.
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Simple.
If you sit back, do eight hours a day, go home and forget about work, and never even try to get into college, you get the basic minimum. If you apply yourself, put yourself through college, work 12 hours a day PLUS take work home with you for twenty years and rarely take a vacation.... You get rewarded for your efforts.
I see it in this industry too. I see people who shut down on Friday afternoon and you can't reach them until Monday. They don't even so much as check their email - even if they work from home. You send me an email during the weekend, and I'm responding to you in a reasonable amount of time.
I worked for the phone company and I was stunned what I saw. I saw people who had worked there for fifteen years who never moved past an entry level position. Why bother? They get raises every year, and more vacation time each year. It made me sick to my stomach. After my first year I got my first promotion, and four years later I was in management making four times as much as people who were twice as old as me.