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> Does FB/Meta really provide value to society that warrants his wealth? Do basketball players deserve to make 10x the salary of CEOs? (Average, from top Googl
by wnolens 4y ago
> Does FB/Meta really provide value to society that warrants his wealth?
Do basketball players deserve to make 10x the salary of CEOs? (Average, from top Google result).
A market where by individuals have the freedom to allocate their dollars towards things they need and/or want (among plenty of options) has determined so.
No one gets rich in a vacuum. Slave labor is illegal. Hundreds of thousands of people are paid along the way - inside Amazon, outside, the government.
- int_19h 4y agoThere is a power imbalance between employers and employees, which is particularly severe in case of large corporations. Slavery is not the only way to economically exploit people, just the most direct one.
- banannaise 4y ago> Do basketball players deserve to make 10x the salary of CEOs? (Average, from top Google result). The short answer: no, they don't, basketball has its own wealth distribution problem, but that's a problem within basketball rather than for society at large. (Non-superstar players are severely undercompensated, particularly when it comes to development leagues, college, and even high school.) The shorter answer: we're not talking about CEOs, we're talking about owners and shareholders, so why even bring up CEOs?