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If Minimum Wage Is So Great, Why Cite Bogus Study?
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Oct 19, 2014 13:35:40   #
BID Loc: Texas
 
I do agree the the Board of Directors, (BoD) make the call. I feel that the BoD of these companies have fallen into their own trap. Meaning they have pushed the CEO's salary so high so fast it has gotten away from them. Obviously most of these CEO's are fantastic business people and are doing a great job for the company they work for and are worth a good salary. I just feel that more than 290 times what the lowest paid employee makes is excessive at the cost of those employees. Most employees do or want to do a great job for their company and like I said earlier all do not need a six figure income I just feel that much of a difference to one person is not necessary. The BoD would be better served spreading some of that wealth back down the line. I believe you know that happy employees with good working conditions and fair salaries make a better more profitable company for all.
Old_Gringo wrote:
Then would you also agree that a CEO's compensation is determined the Board of Directors who determine his/her worth to the company/corporation? How many companies/corporations pay minimum wage to their employees, aside from fast food and service personnel? Those are typically entry-level jobs for the inexperienced. Even WalMart, the bane of progressives, pays above 'minimum wage'.

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Oct 19, 2014 14:12:54   #
PoppaGringo Loc: Muslim City, Mexifornia, B.R.
 
BID wrote:
I do agree the the Board of Directors, (BoD) make the call. I feel that the BoD of these companies have fallen into their own trap. Meaning they have pushed the CEO's salary so high so fast it has gotten away from them. Obviously most of these CEO's are fantastic business people and are doing a great job for the company they work for and are worth a good salary. I just feel that more than 290 times what the lowest paid employee makes is excessive at the cost of those employees. Most employees do or want to do a great job for their company and like I said earlier all do not need a six figure income I just feel that much of a difference to one person is not necessary. The BoD would be better served spreading some of that wealth back down the line. I believe you know that happy employees with good working conditions and fair salaries make a better more profitable company for all.
I do agree the the Board of Directors, (BoD) make ... (show quote)


In comparison to the W.H. janitor's, the President is grossly overpaid. And in respect to Congress, well they set their own salary's and are grossly overpaid for what they do, or don't do.

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Oct 19, 2014 14:31:23   #
BID Loc: Texas
 
In comparison the President is not. The Presidents salary is $400k + $50k annual expense account, $100k Travel and $19k entertainment. Total $569k compared to the lowest paid White House employee $42k. That is a little over 13 times the lowest paid. Even I believe a CEO is worth a lot more than that percentage. As for congress i think they are all over paid.

Old_Gringo wrote:
In comparison to the W.H. janitor's, the President is grossly overpaid. And in respect to Congress, well they set their own salary's and are grossly overpaid for what they do, or don't do.

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Oct 19, 2014 17:32:35   #
lindajoy Loc: right here with you....
 
BID wrote:
This thread is based on the need or NO need for minimum wage. I am mainly talking about the top 500 as i said in my original post. Most of those CEO's are not the person that took all the risk like you said. I also made it clear that I am not talking about true small Businesses. I agree with your statement..." Is it greedy to want to make as money as you possibly can in your expertise? Is it wrong to have a business that succeeds and reaps profits..Is that not why all businesses are businesses?? Aren't you working making as much as you possibly can to better yourself, or sustain your life style etc??".... no that is not greedy and everyone has the right to make as much as he or she can make as long as you take care of the workers that are making you those profits. I am not saying you have to make everyone that works for you rich. I am not saying everyone that works for you should earn a six digit salary. What I am saying is I do not think it is right for a CEO on average to make 15+ million a year when your lowest paid employees are helping to making you that money and getting paid minimum wage. If instead more of these companies would pay more of the lower end employee's a living wage there would be no talk of a mandated minimum wage.
This thread is based on the need or NO need for mi... (show quote)

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Oct 19, 2014 17:32:35   #
lindajoy Loc: right here with you....
 
BID wrote:
This thread is based on the need or NO need for minimum wage. I am mainly talking about the top 500 as i said in my original post. Most of those CEO's are not the person that took all the risk like you said. I also made it clear that I am not talking about true small Businesses. I agree with your statement..." Is it greedy to want to make as money as you possibly can in your expertise? Is it wrong to have a business that succeeds and reaps profits..Is that not why all businesses are businesses?? Aren't you working making as much as you possibly can to better yourself, or sustain your life style etc??".... no that is not greedy and everyone has the right to make as much as he or she can make as long as you take care of the workers that are making you those profits. I am not saying you have to make everyone that works for you rich. I am not saying everyone that works for you should earn a six digit salary. What I am saying is I do not think it is right for a CEO on average to make 15+ million a year when your lowest paid employees are helping to making you that money and getting paid minimum wage. If instead more of these companies would pay more of the lower end employee's a living wage there would be no talk of a mandated minimum wage.
This thread is based on the need or NO need for mi... (show quote)


No talk of mandated minimum wage may be true in that scenario, and then it would shift to product inflation of prices to pay those higher wages..Businesses aren't going to care how you live, only that their profits are there...They cut every corner they can to mature that principal as well...Higher wages would be great and would stimulate the economy if there was money to "spend" rather than barely survive...But that is achieved in big business attraction, lower taxes for them and promos to bring them to your state to "provide jobs"...Government doesn't provide or create jobs, they do, however, hinder the ability of companies to chose to offshore their product than pay the taxes here, or all the assessments/beanies that come with that job...Far too easy for them to take their business off shore and then bring it back in.I say to them your right, just keep your product OUT of country too..IF your not part of it, then you don't need our money either..Therein lies the problem..Jobs that were, are no longer..Its an employer market to get the best they can for the least amount and so many people struggling take it because they need that job..Is that growth of the economy? No, why? Because the income paid only covers expenses, not enough to "spend"......We want better standards in living there first must be a market base so everyone can work and contribute, not just the 60% now doing so.......

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Oct 19, 2014 18:58:21   #
BID Loc: Texas
 
Well you said a lot and I don't necessarily disagree with any of it. Maybe a slightly different take on some of it. So what would you like to see happen/change that has the potential to work. Take the politics out of it please because there is a no win there, placing blame at this point doesn't matter. What I would like to hear is some real ideas for some real solutions.

lindajoy wrote:
No talk of mandated minimum wage may be true in that scenario, and then it would shift to product inflation of prices to pay those higher wages..Businesses aren't going to care how you live, only that their profits are there...They cut every corner they can to mature that principal as well...Higher wages would be great and would stimulate the economy if there was money to "spend" rather than barely survive...But that is achieved in big business attraction, lower taxes for them and promos to bring them to your state to "provide jobs"...Government doesn't provide or create jobs, they do, however, hinder the ability of companies to chose to offshore their product than pay the taxes here, or all the assessments/beanies that come with that job...Far too easy for them to take their business off shore and then bring it back in.I say to them your right, just keep your product OUT of country too..IF your not part of it, then you don't need our money either..Therein lies the problem..Jobs that were, are no longer..Its an employer market to get the best they can for the least amount and so many people struggling take it because they need that job..Is that growth of the economy? No, why? Because the income paid only covers expenses, not enough to "spend"......We want better standards in living there first must be a market base so everyone can work and contribute, not just the 60% now doing so.......
No talk of mandated minimum wage may be true in th... (show quote)

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Oct 19, 2014 21:33:34   #
PoppaGringo Loc: Muslim City, Mexifornia, B.R.
 
BID wrote:
Well you said a lot and I don't necessarily disagree with any of it. Maybe a slightly different take on some of it. So what would you like to see happen/change that has the potential to work. Take the politics out of it please because there is a no win there, placing blame at this point doesn't matter. What I would like to hear is some real ideas for some real solutions.


I would disagree with your previous comment that "What I am saying is I do not think it is right for a CEO on average to make 15+ million a year... Those that are receiving that sort of recompense I would suggest are the heads of banks and some on Wall Street. The 'average CEO' doesn't receive anywhere near that amount. Since I am not privy to their salary's and bonuses, I can't say for certain. It is JMHO.

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Oct 19, 2014 21:45:27   #
BID Loc: Texas
 
There are plenty of Conservative and Liberal sites that have that information. I used numbers form the © 2014 Economic Policy Institute. You can see my original post on page 2.

Old_Gringo wrote:
I would disagree with your previous comment that "What I am saying is I do not think it is right for a CEO on average to make 15+ million a year... Those that are receiving that sort of recompense I would suggest are the heads of banks and some on Wall Street. The 'average CEO' doesn't receive anywhere near that amount. Since I am not privy to their salary's and bonuses, I can't say for certain. It is JMHO.

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