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What Are The Shades Of Capitalism, And What Is Wrong With Setting Work And Pay Standards?
May 13, 2022 20:27:13   #
woodguru
 
Worker's wages have remained stagnant for close to two decades for all practical purposes...

Economic reasons have been given as profit margins were strong and upper management pay has gone up as much as several thousand percent.

I have always said that any company that can pay single CEOs tens of millions of dollars in bonuses...hundreds of millions in aggregate, could easily kick 10% or more bonuses to the workers that make them the money.

Any publicly held corporation has different levels of government control warranted than a privately held company does that is owned by a small number of people. Government control takes two forms, watching out for the public interest in terms of how they are rewarded for the investment they made in helping finance a business when it needed help getting started or expanding. A business can seem to make super sense, be the next hot thing that makes hundreds of billions of dollars, and then investors do not share in that success as they should.

Unfortunately corporate owners and CEO's can literally be criminally greedy, and we are in an era where they can do what they want. We have corporations that employ hundreds of thousands of employees that get treated like dog crap...and any corporation that can post profits tens of billions of dollars can afford to do two things they, actually three that greedy people won't do...

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May 13, 2022 20:28:08   #
woodguru
 
One...
Profit share with shareholders...a no brainer

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May 13, 2022 20:30:19   #
woodguru
 
Two...
Profit share with employees along with hundreds of millions going out in management bonuses, if they can see executive bonuses they can put 50% of that towards working employees

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May 13, 2022 20:32:01   #
woodguru
 
Three...
They can pay taxes at an upper level, excluding executive bonuses.

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May 13, 2022 20:33:22   #
LogicallyRight Loc: Chicago
 
woodguru wrote:
Worker's wages have remained stagnant for close to two decades for all practical purposes...

Economic reasons have been given as profit margins were strong and upper management pay has gone up as much as several thousand percent.

I have always said that any company that can pay single CEOs tens of millions of dollars in bonuses...hundreds of millions in aggregate, could easily kick 10% or more bonuses to the workers that make them the money.

Any publicly held corporation has different levels of government control warranted than a privately held company does that is owned by a small number of people. Government control takes two forms, watching out for the public interest in terms of how they are rewarded for the investment they made in helping finance a business when it needed help getting started or expanding. A business can seem to make super sense, be the next hot thing that makes hundreds of billions of dollars, and then investors do not share in that success as they should.

Unfortunately corporate owners and CEO's can literally be criminally greedy, and we are in an era where they can do what they want. We have corporations that employ hundreds of thousands of employees that get treated like dog crap...and any corporation that can post profits tens of billions of dollars can afford to do two things they, actually three that greedy people won't do...
Worker's wages have remained stagnant for close to... (show quote)


***What Are The Shades Of Capitalism, And What Is Wrong With Setting Work And Pay Standards?
>>>Already done. The boss says, this is what I need done and this is what I think the job is worth and balanced with what I can pay. Of course you can work elsewhere and I can keep looking for someone who is willing to do the work I need done for the pay I am offering. Simple. If you don't like it, start your own company.

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May 13, 2022 20:47:06   #
manning5 Loc: Richmond, VA
 
LogicallyRight wrote:
***What Are The Shades Of Capitalism, And What Is Wrong With Setting Work And Pay Standards?
>>>Already done. The boss says, this is what I need done and this is what I think the job is worth and balanced with what I can pay. Of course you can work elsewhere and I can keep looking for someone who is willing to do the work I need done for the pay I am offering. Simple. If you don't like it, start your own company.


Or, find another job.

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May 13, 2022 20:48:51   #
Milosia2 Loc: Cleveland Ohio
 
LogicallyRight wrote:
***What Are The Shades Of Capitalism, And What Is Wrong With Setting Work And Pay Standards?
>>>Already done. The boss says, this is what I need done and this is what I think the job is worth and balanced with what I can pay. Of course you can work elsewhere and I can keep looking for someone who is willing to do the work I need done for the pay I am offering. Simple. If you don't like it, start your own company.


CEOs write their own paychecks and the shareholders always ok it.

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May 13, 2022 21:04:05   #
woodguru
 
Milosia2 wrote:
CEOs write their own paychecks and the shareholders always ok it.


Shareholders that have been raped by boards that get paid millions, too many corporate jets and limos, and hundreds of millions in CEO bonuses have been fighting back with court ordered management.

It needs government oversight, shareholder's proxy elections are a joke.

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May 13, 2022 21:06:25   #
woodguru
 
manning5 wrote:
Or, find another job.


Or maybe fight for a union like Amazon and Starbucks employees are doing?

But how about there being a standard that addresses greedy bastards? Let them go overseas and hammer them with tariffs.

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May 13, 2022 21:09:04   #
woodguru
 
LogicallyRight wrote:
***What Are The Shades Of Capitalism, And What Is Wrong With Setting Work And Pay Standards?
>>>Already done. The boss says, this is what I need done and this is what I think the job is worth and balanced with what I can pay. Of course you can work elsewhere and I can keep looking for someone who is willing to do the work I need done for the pay I am offering. Simple. If you don't like it, start your own company.


You've got no opinion about a guy that makes a hundred billion a year that can't provide reasonable standards for the employees that make him the money?

This is what defines good people that care and uncaring ones that don't

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May 13, 2022 22:21:42   #
American Vet
 
LogicallyRight wrote:
***What Are The Shades Of Capitalism, And What Is Wrong With Setting Work And Pay Standards?
>>>Already done. The boss says, this is what I need done and this is what I think the job is worth and balanced with what I can pay. Of course you can work elsewhere and I can keep looking for someone who is willing to do the work I need done for the pay I am offering. Simple. If you don't like it, start your own company.


👍👍👍

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