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CEO pay is rising faster than it has in a decade — and 3 times as fast as worker wages (qz.com)
submitted 5 months ago by return2ozma@lemmy.world to c/workreform@lemmy.world
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[-] Allonzee@lemmy.world 63 points 5 months ago* (last edited 5 months ago)

The owners have been painfully clear they believe they can sustain an economy only they can afford to participate in, but still somehow powered by and on the backs of everyone else that can't afford to live within it, let alone be active consumers/participants.

Honestly at this point the 95% should just tell the 5% to keep sucking eachother off buying eachother's space tourist rocket yachts (Edit: sorry, AI powered space tourist rocket yachts) only they can afford while we go off and make cooperative, interconnected socialist communities. Maybe start compeeeeeting on what cooperative, humble members of a shared society we can be.

[-] sturlabragason@lemmy.world 29 points 5 months ago

This is prosperity being stolen from us!

50% of the worlds wealth stolen from us by the 1%.

[-] xep@fedia.io 10 points 5 months ago

Is it only 50%?

[-] sturlabragason@lemmy.world 11 points 5 months ago

I wasn't clear enough:

Top 1% owns about 43% of global wealth, top 10% controls roughly 76% of global wealth, bottom 50% holds less than 2% of global wealth.

https://wid.world/ https://ourworldindata.org/economic-inequality https://ourworldindata.org/the-history-of-global-economic-inequality https://ourworldindata.org/grapher/wealth-share-richest-10-percent

Here is how I like to think of it: if your total assets are less than $10,000, you are much closer to being in the bottom 50% of the global wealth distribution than the top 1%. Our prosperity is stolen from us each and every day. Our miraculous achievements and discoveries consumed by a system that only cares about funneling the largest portion of that prosperity to a few.

[-] mjhelto@lemm.ee 2 points 5 months ago

It sure does feel like more...

[-] sxan@midwest.social 7 points 5 months ago

Have you heard of Holocracy? It's one of the more popular of set of flat, self-organizing management structures; it's been tried at a few big name companies, with limited success. I think failures at this point are easily attributed to sheer novelty and lack of experience, and good guidelines for avoiding pitfalls, more than a fundamental flaw in the concept. One of the big issues I see needing to be addressed is ego; we will never get rid of self-proclaimed alpha types, and extroverts will always have an advantage in rising in the ranks regardless of competency. These sorts of issues can sabotage - even without malicious intent! - these flat structures. Some people will simply tend to accrue influence and power. But another issue is overcoming the tendency to bikeshed. Companies who've tried, and failed, to execute Holocracy, Sociocracy, Matrix Management, and Lean Management (there are a few of these styles) have been pretty good at documenting the weak areas that causes struggles and failures.

Anyway, I'm quite keen on these approaches; companies employing them are just hard to find.

[-] danc4498@lemmy.world 38 points 5 months ago

Cut the billionaire and corporate taxes, this is what happens! Rich get richer and inflation swallows everybody else!

You can thank Trump and the republicans for this!

[-] r00ty@kbin.life 11 points 4 months ago

No! Those trickle-down economics they told us about will be kicking in any time now! I'm certain!

[-] Anticorp@lemmy.world 3 points 4 months ago

Wealth flows up. Yeah sure, it trickles down too. But what happens when you build a pump that makes water from a basin flow up into a tank, and only let it trickle back down? The tank gets fuller and the basin loses its water.

[-] Prior_Industry@lemmy.world 7 points 5 months ago

Yeah but what about when you become a Billionaire you would get the tax cuts too. Just a matter of time 🤫

[-] fluckx@lemmy.world 5 points 5 months ago

Just pull yourself up from your bootstraps. Some of us only got 1 million dollar to make it when we turned 18. /s

[-] Anticorp@lemmy.world 1 points 4 months ago

And that $1 million was actually something like $245 million. Lying liar always lies.

[-] Sanctus@lemmy.world 30 points 5 months ago

This place fucking sucks

[-] UraniumBlazer@lemm.ee 29 points 5 months ago

All thanks to the CEO union- the government

[-] floofloof@lemmy.ca 20 points 5 months ago

Joke's on them: three times my raise is still zero.

[-] jaybone@lemmy.world 2 points 5 months ago

They know what they’re doing.

[-] some_guy@lemmy.sdf.org 19 points 5 months ago

No, you see, the thing is, Lonnie brought $55B worth of value to Tesla. It’s earned. If you can’t see that, that must be why you’re not a billionaire.

/s

[-] RHSJack@lemmy.world 2 points 4 months ago

I know my value, too. So when I leave my retail job, I KNOW the company is going to give me a gazillion dollars because of the value I brought to it...I steal your /s and cry into it like a pillow

[-] deltreed@lemmy.world 13 points 4 months ago* (last edited 4 months ago)

The term 'CEO' is just individuals who exploit legal loopholes to unjustly enrich themselves at the expense of others, while being rewarded for such unethical practices. They serve no real value that can't be accomplished by those under them.

[-] eran_morad@lemmy.world 11 points 5 months ago

It ain’t gonna get better unless we take drastic action.

[-] HeyJoe@lemmy.world 8 points 5 months ago

At least someone's outpacing inflation.

[-] Anticorp@lemmy.world 6 points 4 months ago* (last edited 4 months ago)

Well yeah. They hold the power. They make the decisions. And they really like money. Shareholders have shown that they're okay with the ridiculous compensation packages that CEOs build for themselves. Most notable was Musk's recent 59 BILLION dollar compensation package which is absolutely completely fuckin ridiculous bonkers, but his shareholders approved it for who knows what reason. Fucking morons.

[-] feedum_sneedson@lemmy.world 1 points 4 months ago

many money

[-] feedum_sneedson@lemmy.world 5 points 4 months ago

kill them all, figuratively speaking

[-] undergroundoverground@lemmy.world 3 points 4 months ago

Well yeah, the real power (capital) is making even more money from their work. Of course they'll pay them for being better at it. Its cheaper to pay CEOs more to be horrible than it is to pay people more.

Capital is the problem and shareholders are delighted when anyone takes out their anger on CEOs. I mean, its part of what they pay them for.

[-] wafflez@lemmy.world 3 points 4 months ago

Only 3x?

this post was submitted on 18 Jun 2024
463 points (98.5% liked)

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