TonsToDicusss t1_j5n8ey7 wrote
Reply to comment by burnshimself in CEO pay has skyrocketed 1,460% since 1978: CEOs were paid 399 times as much as a typical worker in 2021 by sillychillly
Good point. Also , this is again, a case of the classic supply and demand function of economics. There is a reason why these massive companies are willing to pay big bucks to attract and retain CEOs. There is a very limited talent pool vs a huge demand for experienced and reputable executives out there.
BTW, Your NBA example is just fantastic, it’s a different league the CEOs are in than the average workers, they should be paid as much. Instead of being disgruntled at the pay discrepancy, one should seek to work and study harder to climb the corporate chain in order to get paid more.
burnshimself t1_j5nink7 wrote
I mean people are welcome to be upset about how much top public company execs are paid. The data should simply be presented as such and clearly labeled. This is done to find the most extreme possible disparity without adequately highlighting the limitations of the data, all with the sole goal of outraging people rather than informing them. It’s incredibly misleading and unethical in my view.
Fausterion18 t1_j5pjubf wrote
This is EPI, manipulating data to generate public outrage is all they do.
gimmethelulz t1_j5qqrvc wrote
> study harder to climb the corporate chain
Except corporations are making it increasingly more difficult to do that as they "flatten the org". Not saying that it's right or wrong to be reducing middle management but less middle management roles means less opportunities to move up. Which is how you end up with people feeling increasingly stuck in their careers and salary progression.
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