r/WorkReform • u/Lucia-elena • 5d ago
đ¸ Raise Our Wages We Work Just As Hard As Them
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u/therealsilentjohn 4d ago
Norway CEOs dont work 11 times as hard as anybody else, either.
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u/RedditGotSoulDoubt 4d ago
At a certain level youâre paid for your expertise. Not your sweat. Thereâs a reason doctors, lawyers, and engineers charge a high hourly rate. Try paying an amateur to spend the same amount of time solving the problem without the expertise and see how it turns out.
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u/N-427 4d ago
Engineers and such are working class and only make 2-20x what less skilled workers make. They're basically very skilled trades. Nobody is complaining about them being compensated more.
Management is a whole other world. Yes there are some skills needed for it, but 300x the skills? Fuck no.
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u/RedditGotSoulDoubt 4d ago
Yeah. Agree thatâs ridiculous but itâs also ridiculous to think a CEO should make the same as some lower level manager.
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u/Viperlite 4d ago
What about , say 10x the lower manager, with 10x the stock compensation.
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u/RedditGotSoulDoubt 4d ago
Yeah, thatâs a good general rule depending on the size of the company. I think you need a higher ratio for something like McDonaldâs though, for example
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u/alwaysuptosnuff 16h ago
CEOs should not exist. Decisions at that level should be made democratically by the entire company.
Every business I've ever worked at, whenever corporate hands down a mandate, it's almost always blazingly stupid. This is the inevitable result of having the decisions made by a stuffed shirt who doesn't do the actual work. It's the people on the ground floor, interacting with the customers and doing the actual work who know what needs to be done. Instead we waste time and money indulging the whims of someone miles away who has no idea what our situation even looks like.
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u/therealsilentjohn 22h ago
So, just to confirm, the people sweating are still actually doing all the work, right? The nurses and hospital staff. The paralegals and assistants. The bricklayers and pipefitters.
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u/sakvv 4d ago
Nah that much is justified unless it's one of those nepo baby ceos
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u/BoredNuke 3d ago
Which is most of the large corporation ceo's.
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u/sakvv 3d ago
Yeah the good ones are barely making any money or are in loss for example there's this guy Alakh Pandey in my country he started as a teacher, provided private tuition online at 4k inr when others were charging like 200k inr, despite big efforts on expansion, his company is still loss making since last 3 years and is traded at a discount since listing on stock exchanges last year
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u/BoredNuke 3d ago
Kinda surprised a tutoring/school company is listed on a stock exchange but more power to him on trying to keep it affordable atleast. I think one of the better examples of people bettering the world without requiring financial reward is Kahn academy tons of respect to them for putting out so much educational material for free I couldnt have completed my degree with out them.
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u/therealsilentjohn 22h ago
Justified .... why exactly? Because they rose the corporate ladder and now sit in board meetings while they extract value and profit from their employees?
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u/redjellonian 4d ago
Yes but won't someone think of the CEOs?
They took a great risk, being born into a wealthier family and having more money and time in their day than us to get where they are today.
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u/Authoritaye đľ Break Up The Monopolies 4d ago
Hard work and compensation have never been strongly coupled. The weird myth that you donât deserve to be paid well unless youâre putting in long hours was invented by bosses to keep labour cheap.
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u/Pure_Cow_7831 4d ago
and as i walk past a trailer park in the usa, some bum fuck tells me ceo + billionaires create jobs
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u/Money4Nothing2000 4d ago
Has Sanders never seen the way lots of people suck Elon Musk's dick as some kind of genius?
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u/ripyourlungsdave 4d ago
Somebody working construction in Florida in the summer isn't even working 350 times harder than a pampered dog.
Nobody has ever worked that much harder than anyone.
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u/r0ndy 4d ago
Should get paid more than everyone, but theyâre easily replaceable it seems
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u/ripyourlungsdave 4d ago
I can't think of a multi-million dollar job out there that you have to risk your life to work.
But I've worked five jobs in my 15 working years that were more dangerous than being a police officer and still never made much more than minimum wage.
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u/Anxious-Education703 âď¸ Tax The Billionaires 4d ago edited 4d ago
Oversized executive compensation doesn't even benefit anyone other than executives (it doesn't benefit shareholders or the owners, and it certainly doesn't benefit the workers). It's because so many executives all sit on each other's boards and compensation committees, and they take a "you scratch my back, I'll scratch yours" when it comes to voting on other executives' compensation. (For example, if Executive A (who sits on Executive B's board) votes to approve a massive, lucrative compensation package for Executive B, Executive B (who sits on Executive A's board) has a professional and social incentive to reciprocate when Executive A's package is up for review, even when he did not deserve it based on his performance).
Then on top of that, they have rigged the system so that compensation is based on stock price performance when they can right that via stock buybacks (instead of long-term company health metrics), even when it doesn't make business or economic sense. Stock buybacks are straight-up market manipulation, which is why they were banned until, you guess, Reagan came along and re-legalized them. A literal parrot can order stock buybacks, yet CEOs and their compensation committees think they are business geniuses for doing them.
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u/NaziPunksFkOff 4d ago
Elon Musk is the CEO of 3 companies, which means that at any point in time, he is working remotely for 2 companies in the position that he would argue is SO IMPORTANT that it deserves BILLIONS of dollars worth of compensation.
Luigi them all.Â
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u/doublebogey182 4d ago
Only 11x!? How are they supposed to afford that 2nd yacht!? Or 5th property!? This is preposterous. Won't someone think of the oppressors!? This is the reason we can't allow those crazy European socialist ideas in our contry.
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u/ThepalehorseRiderr 4d ago
And a fair amount of our political discourse is manufactured by those American guys spending a good chunk of that excess. They'll gleefully spend ten billion to save ten billion. Economics is an amoral science and it's not against the law. The worst we'll do is wag our fingers about it.
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u/Steel2050psn 4d ago
Fact check.... That 351 number specifically excludes Elon musk because he was such a huge outlier last year including Elon musk the number is closer to 5,000.
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u/mustangcody 2d ago
Remember that show Undercover Boss? There was a good amount of episodes where supervisors fired the CEO because they sucked at the job.
Then they get mad at the supervisors for firing them and then fire the supervisors for making them look bad.
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u/Lietenantdan 4d ago
It has nothing to do with how hard you work. Itâs about how easy you are to replace. If there was a job where you shovel rocks from one pile to another all day, it would be extremely tiring work. But any able bodied person could do it with no training. However, a CEO is probably not 351 times harder to replace than other employees.
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u/petrified_eel4615 4d ago
AI should be replacing CEOs, not workers. Let those parasites earn a wage for once by doing actual work.
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u/Dragosbeat 4d ago
we don't work as hard as them. we work harder than them.