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Top 20 CEO pay in the S&P 500 is disgusting
(www.visualcapitalist.com)
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this post was submitted on 20 Sep 2023
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
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- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
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- Higher wages for underpaid workers.
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You know income from stocks is still taxed as income. Everything you said in the first paragraph is still taxed as income.
You may be right in your second paragraph, but in the capitalist economy these companies operate in, that won’t happen, because like I’ve said before, a CEO is paid according to how much additional profit and growth they can bring to the table. At that level it’s not about technical skill but about leadership and forward thinking.
And I do think that a CEO can justifiably earn a lot more than an average worker, especially at a large company because of the personal risk and responsibility that comes with the job role. But only in some cases. Obviously the CEO of shell is not putting themself under more personal risk than the high pressure underwater welder, not by a long shot. And they are probably still paid 50x their salary at least. In a capitalist system, the ones who bring the most value and take the most risk are rewarded the most, that’s just how it is. Is it just? That’s for the individual to decide, but that’s just how it is.