I prefer the Japanese model of CEO compensation.3 Times the Average
employee's wages, and then Stock options in the company.If a company does well, the employees do well, the stock holders do well - and
he is rewarded accordingly.If the company does poorly - he resigns
immediately for hurting the employees, hurting the Stockholders and bringing
shame and dishonor on that company.But, that is how capitalist,
Socialist systems work.America's system gives only one way to
the top, rewards even for shoddy performance and ruining the company,
employees, and stockholders, and doesn't give a rip as to who gets
left holding the bag.
LDS Liberal - You keep harping about 60K/hour CEOs. How many of
them exist? I am a CEO and I assure you that the CEOs that I work with do not
make anywhere CLOSE to that amount. Take out 3 zeros, and your closer.Me thinks you need a reality check
You make an important point, Kirk, but whatever the minimum wage, ALL businesses
and ALL prices of services and goods are affected. Why would you have to go out
of business when all businesses are confronted with the same problem and would
have to raise prices to incorporate the hike in wages? It's the cost of
living that is affected by higher wages and prices across the board.
Check out Australia for one country that has battled the minimum wage problem
successfully--at least so far. $15 an hour with exceptions is the case there.
The most important reason that wages have stayed so low for decades is the
continual flow of illegal cheap labor into the country.STOP the flow
of illegal, cheap labor and wages will naturally rise.Its' not
It's amazing to me those who defend CEO's making upwards of $60,000 an
HOUR, REGARDLESS of performance -- and mock, stifle and
trodden under foot those working their tails off trying to stay off the
Government dole serving tables for $2.10 and hour.The epitome of
hypocrisy, wouldn't you agree Mike?
California must want to become the second Michigan. Here's a
quote from CBN: "SAN FRANCISCO -- California was once the dream destination
of millions of people. But now many are fleeing the Golden State, and much of it
has to do with high taxes and a generally anti-business attitude.Economic analyst Jonathan Williams of the American Legislative Exchange
Council (ALEC) points out what California lost in just the year 2011."Nearly 250 companies of all sizes left California for one of the other 49
states," he said.----No business can survive when
government requires it to charge more for its product or service than its
customers can buy elsewhere. California will spiral downwards until it
collapses under the weight of government oversight.
This just in:"Minimum wage in California to be $10 an hour"
(NBC News).The minimum wage in California will rise from $8 an hour
to $9 in July 2014 and to $10 by January 2016."To get the bill
passed, leaders in the more conservative state Assembly had to win over
business-friendly Democrats who were initially skeptical."
This is a free country. No one is required to work for minimum wage. Anyone
can start his own business if he can convince customers that he can offer a
service or product that meets their needs at the price that they are willing to
pay. No one is willing to demand that every service have a goverment assigned
minimum price or minimum profit. Why? If the government can tell an employer
how much he must pay his labor, why do they not guarantee that business that it
will make a profit when it is forced to pay a goverment mandated wage?Take government out of the equation and supply/demand will always work. Let
government get involved and supply/demand no longer works. Anyone
who wants to earn more money has to be valuable enough that someone is willing
to pay more than money. That goes for the least experienced worker to the most
experienced CEO. You get paid what you're worth and not one penny more.
That's what separates America from the social nations.
But Mr. Wiley, I'll bet you were not taking home millions in pay and
bonuses as are so many CEOs of our largest companies.I know
that's an argument that is not in line with your situation, but the
terrible economic disparity now ravaging America is something we MUST deal with
and solve.How will we do it when those of us who try to find
solutions are vilified at every turn?