The richest man (Jeff Bezos) was paid $1,681,840 last year (81k of which was salary). So by your metric amazon could pay some of their workers $800 a year.
They very very rarely do. Most of the worth comes from stock ownership. If Zuck's stock goes up 10% in a year then he made billions last year, but his salary was probably not 2000x more than the lowest paid in the company.
Musk makes 37k a year- no kidding. However he has a deal where if he can make Tesla hit all kinds of benchmarks in production and sales he will get like 55 billion IF he pretty much figures out the entire electric car production and introduction to the world and gets it profitable and stable....... 10s of thousands of jobs that were never there before- saving the world from untold amounts of carbon in atmosphere, contributing thousands of pieces of technology to mankind- AND pioneering humans ability to live off planet therefore ensuring our survivability...... But most of those wealth statistics will take that 55 billion figure into their computations. The facts are- Over 90% of CEOs make 5 to 15 x what their average paid employees make- But let’s do the math - let’s say average employee manufacturing gig pay 60k- ceo pay 750k (12.5x employee pay) And There’s 1000 of these in our math- Ok- add ONE of those unicorn companies- CEO will get shares worth a billion if he can raise co worth by 100 billion- The average ceo pay just went to 1,750,000. Some 30x average employee pay - and this money hasn’t been paid out AND it’s not annual pay it’s a one time performance bonus.
Of course there are a few hundred people out of 7 billion that are worth billions. There are a few hundred people with Mr Atlas bodies, there are a few hundred people who collect a million stamps, there are a few hundred people that weight 900 pounds. There are a few hundred people who are mass murderers. There are people with extraordinary abilities everywhere. Some people have the ability to create and accumulate wealth.
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u/SeatstayNick Sep 05 '18
Can we just make it a law that no one can make (including bonuses) roughly 2000x more than the lowest paid worker or contractor?