^Everyone thought the world was gonna end during the Industrial Revolution too.
[quote]pittbulll wrote:
[quote]dmaddox wrote:
[quote]ZJStrope wrote:
[quote]angry chicken wrote:
[quote]usmccds423 wrote:
[quote]angry chicken wrote:
On the flip side, workers for large corporations (who get all kinds of tax incentives anyway, which I oppose) who have a 400:1 CEO to employee salary ratio should be “encouraged” to bring that ratio down to something more reasonable. What that “reasonable” number is and how they are “encouraged” is not something I’m smart enough to figure out. But I think the idea is sound and would level the field a bit, protect small business owners and grow the over all economy.
[/quote]
This is where I have issue. Journalist love to write, “tax incentives anyway, which I oppose,” but never list them. What are they? What does this have to do with pay?
The other issue with the ratio is that the number of employees is not mentioned. If McDonalds has 80,000 employees and a CEO to employee ratio of 400:1, what happens if the raito becomes 300:1? McDonalds is going to fire a shit ton of people, assuming the ratio change is due to an increase in wages for the worker and not a decrease in CEO pay. Seeing as a decrease in CEO pay does nothing for the worker, which is the point, right?
[/quote]
http://www.walmartsubsidywatch.org/
This is just an example with Walmart. But similar negotiations take place behind closed doors for lots of corporations. The government is giving OUR money away. But that’s not the point of this thread.
Re wages, salary ratios are simple math. If you were to DECREASE the ratio to a more reasonable 20:1 or 25:1, the money would be easily available to the employees as an increase in pay. They are not going to fire a shit ton of people, they are going to give a shit ton of people a raise. For the same amount of revenue.
Obviously, the more employees, the higher the ratio could be.[/quote]
That’s not just the Federal Governemnt. It’s also State, County and City governments. They too are in competition to get Walmarts to open up in their areas.
No doubt that ratio of CEO pay to the average employee salary is out of whack in the US, but even a substantial cut in CEO pay will still be peanuts spread over all employees.
According to this article,
CEO of Walmart’s Salary: $1.3M
CEO of Walmart’s Total Compensation: $17M
WalMart’s Revenues: $443.8B
WalMart’s Net Income: $15.7B
Margin: 3.5%
Number of Employees: 2.2M worldwide
Percent of WalMart’s Revenues/Net Income of CEO Salary: 0.00003%/0.008%
Percent of WalMart’s Revenues/Net Income of CEO Total Compensation: 0.004%/0.001%
CEOs salary spread over all workers: $0.59/employee
CEOs total compensation spread over all workers: $7.72/employee
I won’t even touch Net Income. A lowly 3.5% is barely an acceptable return for shareholders. In fact, if it wasn’t for such a high volume, the company would not be considered to performing that well.
The problem isn’t executive compensation here. The problem is the high volume, low margin business invariable only survives on a basis of employees with low wages.
[/quote]
Good Post.
But Progressives have to have a lightning rod to make the poor rise up against their oppressors.
[/quote]
The problem is the poor can not rise up against their oppressor , they have to earn a living .
I see it as the Wealthy have to pretend be victimized so they can continue fucking the poor .
The wealthy do so much for the country and the ungrateful indigent want more and more from the poor little wealthy person . That some day the ungrateful indigent will break the back of the poor little wealthy person
[/quote]
All the poor need is one military leader or government official to do it. Look at Russia, Cuba, China, Vietnam, Venezuela, and on and on.
[quote]usmccds423 wrote:
^Everyone thought the world was gonna end during the Industrial Revolution too.[/quote]
Wasn’t the world flat back then?
j/k I know my history.
[quote]dmaddox wrote:
[quote]usmccds423 wrote:
^Everyone thought the world was gonna end during the Industrial Revolution too.[/quote]
Wasn’t the world flat back then?
j/k I know my history.
[/quote]
No silly, it was right around the fall of the Roman Empire. So just a few decades ago.
[quote]usmccds423 wrote:
[quote]dmaddox wrote:
[quote]usmccds423 wrote:
^Everyone thought the world was gonna end during the Industrial Revolution too.[/quote]
Wasn’t the world flat back then?
j/k I know my history.
[/quote]
No silly, it was right around the fall of the Roman Empire. So just a few decades ago. [/quote]
And you know them Romans loved giving out some $15 an hour minimum wage. Money for everyone.
lol, audited financials are now suspect because the numbers don’t fit the progressive narrative?
lmao.
Also LOL at the idea there will be an “uprising” against the “rich”. 99% of people can afford a smart phone, HDTV, beer, weed, a car and some tattoos, but you know, lets slaughter a couple people so se can all have Lexus, and $200 bottle of wine.
Jesus…
[quote]countingbeans wrote:
lol, audited financials are now suspect because the numbers don’t fit the progressive narrative?
lmao.
Also LOL at the idea there will be an “uprising” against the “rich”. 99% of people can afford a smart phone, HDTV, beer, weed, a car and some tattoos, but you know, lets slaughter a couple people so se can all have Lexus, and $200 bottle of wine.
Jesus…[/quote]
I think we could be good friends there Beans. Where do you live?
[quote]pittbulll wrote:
[quote]Aragorn wrote:
[quote]pittbulll wrote:
I don’t think this board has much ability to be realistic . Business will do what ever is in it’s short term interest . Period.
Business would love to treat labor as a commodity . At that point labor will have no rights
[/quote]
The problem is, this board is being PRECISELY realistic about this. Business will do whatever is in its own interest, period, as you pointed out and part of that is protecting its own profits. And if the need arises, accelerating automation drastically, or cutting jobs. There is no way around that except to outlaw the cutting of jobs.
And labor IS a commodity. That you don’t like the fact is beside the point. It has never been treated as anything except a commodity by anyone, during the hey-day of Unions, before then, or currently. The fact that it is negotiated in different ways is nothing. It is still negotiated like all commodity prices.[/quote]
Automation is coming a few dollars an hour will not effect . I pointed this out before .
The biggest loss of jobs via automation is Google and it’s robotic trucks 3.5 million unemployed truck driver coming to America soon . They will be the new lazy people that people like to rail about
[/quote]
You still need to answer why Walmart’s financial numbers and margin are “suspect” to you. Those are audited figures as Beans pointed out so why are those unacceptable numbers?
[quote]countingbeans wrote:
lol, audited financials are now suspect because the numbers don’t fit the progressive narrative?
lmao.
Also LOL at the idea there will be an “uprising” against the “rich”. 99% of people can afford a smart phone, HDTV, beer, weed, a car and some tattoos, but you know, lets slaughter a couple people so se can all have Lexus, and $200 bottle of wine.
Jesus…[/quote]
Sooooo true.
[quote]ZJStrope wrote:
[quote]countingbeans wrote:
lol, audited financials are now suspect because the numbers don’t fit the progressive narrative?
lmao.
Also LOL at the idea there will be an “uprising” against the “rich”. 99% of people can afford a smart phone, HDTV, beer, weed, a car and some tattoos, but you know, lets slaughter a couple people so se can all have Lexus, and $200 bottle of wine.
Jesus…[/quote]
I think we could be good friends there Beans. Where do you live?[/quote]
The People’s Republic of Mass. Where the Blue runs as true as Kennedy bootlegging money, and their political landscape is a grim an a Kennedy liver.
Thank God for the burbs, because the cities and the whole of western MA ruin it for the rest of us.
[quote]countingbeans wrote:
The People’s Republic of Mass. Where the Blue runs as true as Kennedy bootlegging money, and their political landscape is a grim an a Kennedy liver.
[/quote]
lulz
[quote]countingbeans wrote:
lol, audited financials are now suspect because the numbers don’t fit the progressive narrative?
lmao.
Also LOL at the idea there will be an “uprising” against the “rich”. 99% of people can afford a smart phone, HDTV, beer, weed, a car and some tattoos, but you know, lets slaughter a couple people so se can all have Lexus, and $200 bottle of wine.
Jesus…[/quote]
I can have a Lexus and a $200 bottle of wine , I am positive you don’t grasp crux of the discussion
[quote]pittbulll wrote:
I am positive you don’t grasp crux of the discussion
[/quote]
Yeah… That’s it.
Just like Wal-Mart’s financials are lies…
[quote]countingbeans wrote:
[quote]pittbulll wrote:
I am positive you don’t grasp crux of the discussion
[/quote]
Yeah… That’s it.
Just like Wal-Mart’s financials are lies…
[/quote]
What’s even funnier, is that the government requires Walmart to have their financials audited…
[quote]usmccds423 wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
I am positive you don’t grasp crux of the discussion
[/quote]
Yeah… That’s it.
Just like Wal-Mart’s financials are lies…
[/quote]
What’s even funnier, is that the government requires Walmart to have their financials audited…[/quote]
It’s all smoke and mirrors
[quote]countingbeans wrote:
[quote]pittbulll wrote:
I am positive you don’t grasp crux of the discussion
[/quote]
Yeah… That’s it.
Just like Wal-Mart’s financials are lies…
[/quote]
I know you can not fathom that our Congress could write a code with no disparities between socio economic classes
[quote]pittbulll wrote:
http://billmoyers.com/2013/09/20/by-the-numbers-the-incredibly-shrinking-american-middle-class/[/quote]
Income went down during the recession, no freakin way…
[quote]pittbulll wrote:
[quote]usmccds423 wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
I am positive you don’t grasp crux of the discussion
[/quote]
Yeah… That’s it.
Just like Wal-Mart’s financials are lies…
[/quote]
What’s even funnier, is that the government requires Walmart to have their financials audited…[/quote]
It’s all smoke and mirrors
[/quote]
Ok
[quote]pittbulll wrote:
http://billmoyers.com/2013/09/20/by-the-numbers-the-incredibly-shrinking-american-middle-class/[/quote]
Ok, so again why are notarized, audited, and checked financial statements from Walmart suspect to you? These particular records are far more stringently checked than a basic CPA tax return and audit. So, why are they suspect to you and why specifically do you suspect the profit margin to be wrong?