Quote:
Originally Posted by BlackCrayon
perhaps not to you but the general population, i am sure 95% would view such income inequality as 'wrong'. we are constantly told that companies won't hire if taxes are raised, yet ceo payouts have increased so much, it really makes it a foolish notion. they do it because they can but that doesn't make it right nor does it make good business sense.
so you are basically saying before 1980's you didn't need skill or expertise and that there was nothing complex about business? you could say the same thing about the average employee. before 1980 the average employee didn't need college or even a high school education to get a good job, didn't need to know anything about computers, etc, etc. now the world is much more competitive and complex and these things and more are required yet they are not seeing their income increase.
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Companies pay top $$ to attract top talent... to most people it seems ridiculous that some CEO is making $100M, but in reality that's <1% of many companies revenues... you could triple CEO's pay, and it would still have less effect than raising tax rate by even 1 or 2%...
30 years ago you needed skills and expertise too, but now the business world is more complex, more global, the competition is more fierce, the companies are bigger, etc
while the skills of blue collar workers are exactly the same, you screw on or weld things on now exactly the same way as you did 30 years....