Comments on: Ted Rall is officially a Communist http://www.the6packeconomist.com/2009/03/10/ted-rall-is-officially-a-communist/ Explaining Economics one 6 Pack at a time. Sun, 30 Aug 2009 13:44:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: drinker http://www.the6packeconomist.com/2009/03/10/ted-rall-is-officially-a-communist/comment-page-1/#comment-23 drinker Thu, 12 Mar 2009 00:40:07 +0000 http://www.the6packeconomist.com/?p=181#comment-23 Thanks for stopping by. I guess I now have 8 readers. (5 I know of personally). As for my math I did not do a lot research on employee counts, I just took the values for the link in the website and used a low average. I do doubt that there are too many businesses with 10k employees or less where the ceo is making 20 Million. Lets put the CEO, CFO, CIO, etc off to the side. But should a person who has a dangerous job be paid more or less then a person who has a less dangerous job? Obviously of course not. What about someone who went to school to develop a skill for 4 years, should that person be paid the same as someone who drops out of high school? In addition you missed my point about what makes someone poor or rich. It has to do with their access to money in comparison with everyone else around you. This includes you local area and in your extended area. Basicly everyone you compete with in someway. Be it for actual stuff, like cars or cloths, or just trying to impress a mate. So if everyone in the immediate area, like everyone you work with earns the same amount of money then they all are equaly poor. Thanks for stopping by. I guess I now have 8 readers. (5 I know of personally). As for my math I did not do a lot research on employee counts, I just took the values for the link in the website and used a low average. I do doubt that there are too many businesses with 10k employees or less where the ceo is making 20 Million.

Lets put the CEO, CFO, CIO, etc off to the side. But should a person who has a dangerous job be paid more or less then a person who has a less dangerous job? Obviously of course not. What about someone who went to school to develop a skill for 4 years, should that person be paid the same as someone who drops out of high school?

In addition you missed my point about what makes someone poor or rich. It has to do with their access to money in comparison with everyone else around you. This includes you local area and in your extended area. Basicly everyone you compete with in someway. Be it for actual stuff, like cars or cloths, or just trying to impress a mate. So if everyone in the immediate area, like everyone you work with earns the same amount of money then they all are equaly poor.

]]> By: Ted Rall http://www.the6packeconomist.com/2009/03/10/ted-rall-is-officially-a-communist/comment-page-1/#comment-22 Ted Rall Wed, 11 Mar 2009 17:02:28 +0000 http://www.the6packeconomist.com/?p=181#comment-22 Your math is problematic. First of all, very few companies that pay their CEOs seven figure salaries employ 10,000 employees, much less 100,000. So right there, you're talking about $1,800 extra per year. Most people earning $50K would be happy to get that. More to the point, it's not just the CEO. It's the CFO, the President, the CIO, the COO, the members of the Board, all of upper management—all of those guys are making hundreds of times more than they should be. If you redistribute that money more equally, it would make a HUGE difference to the average employee. Finally, the idea that it takes big salaries to attract good people is belied by history. I used to work for a Japanese bank where the Prez made $120,000 and the lowest-paid workers, in the mail room, made $20,000. The dude kicked ass and we were wildly profitable. No one has ever advanced a fact-based, life-based rationale for why some workers should earn more than others for the same amount of work. Your math is problematic.
First of all, very few companies that pay their CEOs seven figure salaries employ 10,000 employees, much less 100,000. So right there, you’re talking about $1,800 extra per year. Most people earning $50K would be happy to get that.
More to the point, it’s not just the CEO. It’s the CFO, the President, the CIO, the COO, the members of the Board, all of upper management—all of those guys are making hundreds of times more than they should be. If you redistribute that money more equally, it would make a HUGE difference to the average employee.
Finally, the idea that it takes big salaries to attract good people is belied by history. I used to work for a Japanese bank where the Prez made $120,000 and the lowest-paid workers, in the mail room, made $20,000. The dude kicked ass and we were wildly profitable.
No one has ever advanced a fact-based, life-based rationale for why some workers should earn more than others for the same amount of work.

]]>