CEO-to-worker wage gap yawns ever wider, hitting 312:1 in 2017, up by 17.6%

Originally published at: https://boingboing.net/2018/08/17/turkeys-voted-4-christmas.html

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[insert notshocked gif here]

Seriously. This is always going to be our biggest issue.

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Well, how else do you think trickle down economics is supposed to work?

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A farmer sits on a rough stone wall, sharpening the brilliant edge of an age-blackened scythe in long deliberate strokes, the sepulchral sound of the whetstone cutting across the rising breeze. Under the broad brim of a battered, dark-stained hat from another time, his flinty gaze reads the familiar landscape. “Yep”, he mutters to no one visible, “soon be time for the Harvest”

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A poetic image, but every time on the bbs that we talk about anything resembling redistribution of wealth, someone always shows up to say “but what about me, the humble farmer who owns my own farm. I too, must side with the megacorporations and uber-wealthy, for I am more owner than laborer…”

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They’ve always said the majority of millionaires in the US drive a pickup. Because they are farmers.

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Fuck. I am doing this wrong. I haven’t taken a salary from my company in three years but employ 10 people.

This is all you need to know to see that the fix is in. If your CEO is getting pay increases faster than company profits are rising, you’ve hired the wrong person.

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…faster than company profits, your corporate governance is broken (Hijacked, really). FTFY.

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Moloch! Solitude! Filth! Ugliness! Ashcans and unobtainable dollars! Children screaming under the stairways! Boys sobbing in armies! Old men weeping in the parks!
Moloch! Moloch! Nightmare of Moloch! Moloch the loveless! Mental Moloch! Moloch the heavy judger of men!
Moloch the incomprehensible prison! Moloch the crossbone soulless jailhouse and Congress of sorrows! Moloch whose buildings are judgment! Moloch the vast stone of war! Moloch the stunned governments!
Moloch whose mind is pure machinery! Moloch whose blood is running money! Moloch whose fingers are ten armies! Moloch whose breast is a cannibal dynamo! Moloch whose ear is a smoking tomb!
Moloch whose eyes are a thousand blind windows! Moloch whose skyscrapers stand in the long streets like endless Jehovahs! Moloch whose factories dream and croak in the fog! Moloch whose smoke-stacks and antennae crown the cities!
Moloch whose love is endless oil and stone! Moloch whose soul is electricity and banks! Moloch whose poverty is the specter of genius! Moloch whose fate is a cloud of sexless hydrogen! Moloch whose name is the Mind!
Moloch in whom I sit lonely! Moloch in whom I dream Angels! Crazy in Moloch! Cocksucker in Moloch! Lacklove and manless in Moloch!
Moloch who entered my soul early! Moloch in whom I am a consciousness without a body! Moloch who frightened me out of my natural ecstasy! Moloch whom I abandon! Wake up in Moloch! Light streaming out of the sky!
Moloch! Moloch! Robot apartments! invisible suburbs! skeleton treasuries! blind capitals! demonic industries! spectral nations! invincible madhouses! granite cocks! monstrous bombs!
They broke their backs lifting Moloch to Heaven! Pavements, trees, radios, tons! lifting the city to Heaven which exists and is everywhere about us!

—Excerpted from Alan Ginsberg’s Howl

Although I gotta disagree with Ginsberg on hydrogen… hydrogen is a colorless, odorless gas, which, given enough time and quantity, eventually turns into people. :wink:

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Two words of investment advice:

Guillotine futures.

“It is difficult to believe that Congress passed a tax cut weighted so heavily towards the wealthy when the nation’s top CEOs are clearly doing fine.”

I wasn’t under the impression the tax cut was done because top CEOs were suffering. And it’s not at all difficult for me to believe anything that Congress does these days.

I feel as though it was sold to the public as a way to allow the leeches “job creators” to pay their employees more, which they said would not be how they used the money saved through taxes before they even got it. The “idea” was that it would stimulate the economy.

I feel as though in reality it was a gift to the leeches “job creators” as a kind of “thank you for putting me in the white house; here’s your cut. It’s YUGE!.” Like a gift horse, if you will. You shouldn’t go looking in it’s mouth.

But hey, it’s GREAT that the CEOs are doing so GREAT! That’s a mighty nice horse they’ve got there. They might want to start riding like the wind…

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Ummmm… duh? When did CEO salaries begin rising through the roof while employee salaries flattened out? Right around the time Reagan took office and they began slashing taxes on the upper incomes, to the point it was worth it to get paid huge salaries instead of other forms of compensation. There is a cause/effect relationship that no one wants to address because everyone is a temporarily suffering million who will surely be making a hundred million dollars in salary every year any day now.

In other news, water is wet, pain hurts.

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makes me sick

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You also hired the wrong board of directors (often the present or former CEOs of other companies). “You” being the shareholders.

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Yup this is toxic not only from socialist point of view, i.e. distribution of wealth, but also from purely capitalist point of view, i.e. allocation of financial resources. This is oligarchy at work at it’s worst.

There is no justification for any single individual claiming a salary that is so out of proportion to anything else. No matter who he is his individual contribution can’t be so great to justify such paycheck.

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And yet, here we are. And there they are.

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