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Old 05-22-2014, 12:03 PM  
AmeliaG
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Join Date: Jan 2003
Location: Los Angeles
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Quote:
Originally Posted by Grapesoda View Post
this is interesting, wouldn't you say that the CEO has 1000x's the value of a guy flipping burger?

http://www.businessweek.com/articles...st-food-worker

Depends if, at that moment, I want a company run or I have my mouth fixed for a burger.

Edit: Actually, I'm going to go out on a limb here and say that, while the idea of paying fast food workers $15 an hour is infeasible and unfair to middle income people who worked hard to build skills and a career (not to mention inflationary), most top CEO's are grossly overpaid for the value they provide. The former is infeasible because the money is not there and, if automation is cheaper than people, then any decently managed company will have automation, and we will have higher unemployment, not higher wages. I think there are a ton of VP's making six figures (not 7 or 8) who could figure out how to automate burger production or put outsourced remote workers on the drive-thru. So the value received from a $9 mill CEO may just really be poor ROI.
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Last edited by AmeliaG; 05-22-2014 at 12:09 PM..
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