wnyThroatLover -> RE: Minimum wage in america (12/10/2013 7:57:11 AM)
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quote:
ORIGINAL: thishereboi quote:
ORIGINAL: wnyThroatLover I have a VERY simple solution... Salary Ratio Caps... In 1965 the average CEO-to-employee salary ratio was 20:1 In 2012 the average CEO-to-employee salary ratio was 273:1 Walmart is a favorite of mine to pick on, as I despise their means of practice and the way they can knock out small competition simply by use of their size. In 2012 the CEO-to-employee salary ratio of Walmart was MORE than 1000:1 (I rounded down to make the math easier, it was actually 1034:1) In 2012 the mean pay/hour of a Walmart employee was $8.81 That means that every hour the CEO of Walmart is making over $8810!! The vast majority of his employees don't even make that in a MONTH! That means he makes about $352,400 a WEEK Which is $1,409,600 a MONTH And finally $16,915,200 A YEAR!!! Seriously...I can be a very extravagant person when I want to be, but what the hell does he need all that money for EVERY YEAR?!? If we cap the ratio at 1965 values, that means for every hour the CEO would make $176.20. Over a 40 hour week that's $7048...a WEEK! (Still more than the vast majority of his employees make in a month) $28,192 a MONTH (more than his average employee currently makes in a year) $338,304 a YEAR!!! Let's assume that's not enough for him (which it obviously isn't). Lets raise his employee's pay to 20$ and hour. Working within the 1965 salary cap the CEO would now make $400 an hour. $16,000 in a 40 hour week. $64,000 a MONTH!!! $768,000 a YEAR!!! His employees make more than enough to have a liveable wage. He makes more than enough for all of his expensive toys. There is more than enough money left over in company profit to be able to provide healthcare, dental, and vision coverage (for those who don't know, these are typically separate in the US) and STILL be able to pay the company's fair share in taxes! Just curious, do you feel we should put a cap on all types of jobs or just CEOs? Actors and singers make a shit load of cash, how much do you think they should be able to take home? I absolutely do! There comes a point where salaries become ridiculous. Sports stars... They play a game. Sure...they train hard and practice a lot and have to spend lots of time away from their families...but they play a GAME! Don't even get me started on the stadiums they play in... Actors... They pretend to be someone else for a period of time. I can't say all of them train hard and practice a lot, there are a lot of actors who admit they barely even read scripts before shooting a film. They may have to spend a lot of time away from family, but they are loaded, they can bring family with them! They don't even necessarily need to memorize their scripts! There is plenty of behind the scenes video that depicts "What scene are we doing? What are my lines?" I act for work every day! Little tweaks in my persona to acclimate to the clients I am working with. I had to memorize lots of facts, most of which I will only use once...maybe twice every few months...where are my millions? I bust my ass every day. I generally put in 10 hours a day at my "9 to 5" Monday through Saturday. When I get home in the evenings (and even sometimes before I go into the office) I work on side projects to supplement my income along with setting up appointments and venues to sell my home made wares. Do I work as hard as sports players? I think so. Obviously in a different way, but I probably put more time in on the job per day than they do. Do I work harder than a big name actor? Well...every big name actor I've ever gotten to shake hands with and ask about the business (which admittedly is but a small sampling of the acting community), yes! Do I work harder than other people in my office? Undoubtedly. I may only be 28 years old, but I've been putting in the effort and determination since I started working, half my life ago, yet for all the extra effort, for all the extra training and classes that came out of my own pocket, for all of the extra time, in the past 14 years my quality of employment has actually DECLINED! (I am just using my situation to illustrate my point here...) I went from moving out of my parents house into a home of my own and having two cars just for myself at 17. Every week I had plenty of money to make sure my mortgage was paid, my bills were more than covered, I had food and still had the ability to go out and play. Fast-forward 11 years: I have had to sell the house, for a long time I had to go without a car and even now that I have one again it pushes my budget, I live in an apartment with a room mate and between the two of us we STILL scrape by to cover rent, bills, and expenses. Not to mention neither of us has money left over (save for the odd 20 dollars to on the rare side of occasionally get a bottle of cheap liquor) to have any extra fun. I want to express, in admiration for my roomie, that I have a very strong work ethic (sure, in my down time or when I have a few spare minutes at my desk I jump on here to write contrived diatribes to vent some frustrations for people who typically aren't going to appreciate my position or simply tell me I'm not working hard enough or that somehow this is all my fault and not a direct result of economic collapse...) but my roomie's is even stronger. I get 5 hours of sleep (if i'm lucky), roomie gets 4. I put in 10 hours at the office, roomie puts in 16. Granted roomie doesn't do quite as many side projects...but still... There are people that I know (quite a few that I actually work with) who do the bare minimum, slack like hell, are actually TERRIBLE at their jobs and don't know the first thing about the work they do who make exponentially more than I do and who move up the chain faster... Anyone who still believes that simply working harder and doing better than the person next to you will move you on is, in my humble opinion, a fool.
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