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We would have to put some laws in place to keep executives from hiring the majority of employees as contractors, but this seems doable. CEO compensation is out
by charlesu 6y ago
We would have to put some laws in place to keep executives from hiring the majority of employees as contractors, but this seems doable. CEO compensation is out of control in the US. We pay way more for executives who don't seem to be anymore talented than their European counterparts. They just have access to a similarly sized but much easier/homogenous (in terms of regulation, language, culture) market.
- scarface74 6y agoI’m sure a lot of people making minimum wage think that the average software developer’s salary is out of control too. Should we regulate that?
- JoeAltmaier 6y agoDeliberately dense? 20K vs 100K is 5X difference. 100K vs 100M is … quite a bit more than 5X. The executive suite has absconded with almost the entirety of the company's wealth, in almost every industry. Engineers are simply 'necessary evils' who haven't been outsourced yet. And curiously, seem content with 0.1% of what the executives say they need to simply to sign our paychecks.
- scarface74 6y agoThe minimum wage contractor working in the cafeteria is not making $20K nor is the average salary of a software engineer in any major city in the US only $100K. The average salary of a software engineer at a FAANGM is far more than $150K
- charlesu 6y agoFAANGM salaries aren't representative of the average software engineer's salary. Software engineering compensation is bimodal much like in the law field. There are a few making $300k+ (mostly in Silicon Valley, New York, and Seattle) and a ton making $60-130k.
- scarface74 6y agoMinimum wage if you actually get paid for 2080 hours a year (doubtful) is $15080/year. There are many cities where senior developers are making more than $150K a year - including Dallas, Atlanta, etc. Also the FAANGM companies also use a lot of low paid contractors.
- JoeAltmaier 6y agoSo 10X vs 1000X+ (instead of 5X vs 1000X)? Is that really a point worth making?
- scarface74 6y agoThe original comment that I replied to was I'm somewhat fond of the idea of a maximum ratio between the highest and lowest earners in a company, maybe 10:1 Was 10x not 100x.
- JoeAltmaier 6y agoof 1000X? or 100,000X? Its truly breathtaking, how executives have abused corporate funds.
- charlesu 6y agoWe absolutely should regulate that by increasing minimum wage. I'm all for it.
- scarface74 6y agoSo how much should minimum wage be?