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| Re: With the higher minimum wage, restaurants are closing (1189868) | |||
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Re: With the higher minimum wage, restaurants are closing |
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Posted by Nilet on Sat May 31 09:11:45 2014, in response to Re: With the higher minimum wage, restaurants are closing, posted by mtk52983 on Sat May 31 08:14:01 2014. You do realize in that calculation if a CEO works 50 hours a week for 52 weeks a year that means if his/her salary exceeds $780,000 then the minimum wage will exceed $12/hour.Then let it. How do you factor in fringe benefits? Count them. With the instability of being CEO and all of the pressure you face who in their right mind would want a job that will pay less than a tenth of what some CEO's are paid today? All the CEOs of the past before wealth disparity was so dramatic? All the CEOs in other countries where wealth disparity isn't so dramatic? All the people trying to live on less than three quarters of a million dollars per year, and possibly trying to pay off student loans on salaries that don't even hit six digits? Are you seriously telling me that no one is willing to take a job that pays $780,000 per year or $300 per hour? I'd do it in an instant. Way to punish people because they are successful. Right, because the CEOs of AIG and Goldman Sachs who lost so much money on stupid investments that the government had to bail out their companies at taxpayer expense were "successful." The CEO of General Motors, which required a government bailout, was "successful." The CEOs of the insurance companies that make our health care system the worst in the reasonably developed world are "successful." The CEOs of all the entertainment companies that are trying to cripple technology and the internet to sustain an obsolete business model because they're too scared to keep up with the times are "successful." You can make the point that they're all successful at something— the banks get a system where they make investments by throwing darts at a wall and then keep the profits while forcing the government to eat the losses, General Motors gets to suck on corporate welfare, the insurance companies have been very successful at keeping our health care system broken and expensive so they could continue to steal money from it, and the entertainment companies have been extremely successful at keeping technology legally crippled because they're scared the internet will steal their souls, but none of those things justify multi-million dollar compensation packages. |
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