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"I'm happy for him and his family, but there's also a negative aspect to labor costing 3-4x what would be competitive in an open market." Id consider such argu

"I'm happy for him and his family, but there's also a negative aspect to labor costing 3-4x what would be competitive in an open market." Id consider such arguments if they applied to CEO's or similarly were reducing corporate expenses on things of questionable value. I find most of the companies that aay they can't pay workers overpay upper management and have a lot of frivilous spending.

yomly 8y ago
This. The levels of expenses paid for senior people in big organizations is insane. A friend recently rented out an apartment in central London to people working for a nonprofit org at £10k per month and this is only scratching the surface of ludicrous corporate expense culture. Meanwhile these upper management say they can't pay their staff a living wage...
- briandear 8y ago
  A non-profit? Lol. Quick way to fix that is to let donors know about those ridiculous expenses. A private for profit company should be able to do whatever it wants because they are competing in a free market. Those high expenses might be justified as part of their strategy to recruit top management talent. Basically, those expenses are paid back by the output of those incurring them. A non-profit on the other hand — they are tax exempt, so taxpayers get to subsidize that 10k apartment.
  - s73v3r_ 8y ago
    "Those high expenses might be justified as part of their strategy to recruit top management talent. " I really don't buy the argument that normal workers deserve to be paid crap because of "free market", but for some reason executive compensation needs to be amazingly outlandish.
EpicEng 8y ago
> Id consider such arguments if they applied to CEO's or similarly were reducing corporate expenses on things of questionable value No argument from me; I think it's absurd at both ends. If I had to keep one I would absolutely keep paying my friend ~60k / year.

yomly 8y ago

This. The levels of expenses paid for senior people in big organizations is insane. A friend recently rented out an apartment in central London to people working for a nonprofit org at £10k per month and this is only scratching the surface of ludicrous corporate expense culture. Meanwhile these upper management say they can't pay their staff a living wage...

briandear 8y ago
A non-profit? Lol. Quick way to fix that is to let donors know about those ridiculous expenses. A private for profit company should be able to do whatever it wants because they are competing in a free market. Those high expenses might be justified as part of their strategy to recruit top management talent. Basically, those expenses are paid back by the output of those incurring them. A non-profit on the other hand — they are tax exempt, so taxpayers get to subsidize that 10k apartment.
- s73v3r_ 8y ago
  "Those high expenses might be justified as part of their strategy to recruit top management talent. " I really don't buy the argument that normal workers deserve to be paid crap because of "free market", but for some reason executive compensation needs to be amazingly outlandish.

EpicEng 8y ago

> Id consider such arguments if they applied to CEO's or similarly were reducing corporate expenses on things of questionable value No argument from me; I think it's absurd at both ends. If I had to keep one I would absolutely keep paying my friend ~60k / year.