4 ms·

I think being angry is a natural and healthy response to the current economic reality. The juniors you’re working with have it right. If the CEO is going to mak

I think being angry is a natural and healthy response to the current economic reality. The juniors you’re working with have it right. If the CEO is going to make 100X as much as me, I’m going to do my best to work 100X less than they do. Hopefully we’ve reached a timeline where we no longer acquiesce to rampant inequality.

refurb 3y ago
If the CEO is going to make 100X as much as me, I’m going to do my best to work 100X less than they do. You realized CEO's make that much money after a long career where they were busting their asses as juniors. You basically made the same argument the grandparent is criticizing.
- cornercasechase 3y ago
  I realize that the CEO was born into a family where they were handed their position. You don’t get to the top by “working hard” that’s a sucker’s game. You need to be born to the right family, grease the right palms and be in the right place at the right time. Being a complete sociopath doesn’t hurt either.
  - badpun 3y ago
    - CEO of Microsoft is a child of middle class Indian immigrants - so is CEO of Google - CEO of Apple comes from working/lower-middle class family - CEO of Johnson and Johnson (12th largest SP500 company) is an immigrant from Spain, coming from middle class family etc etc etc
    - cornercasechase 3y ago
      > CEO of Microsoft is a child of middle class Indian immigrants Middle class people aren’t the secretary to the prime minister. https://www.indiatoday.in/india/story/satya-nadela-microsoft-ceo-father-bn-yugandhar-dies-hyderabad-1598978-2019-09-13 https://www.indiatoday.in/india/story/satya-nadela-microsoft... > so is CEO of Google “His father also had a manufacturing plant that produced electrical components” https://en.m.wikipedia.org/wiki/Sundar_Pichai https://en.m.wikipedia.org/wiki/Sundar_Pichai You’re buying the propaganda.
      - dragonwriter 3y ago
        > Middle class people aren’t the secretary to the prime minister. That sounds quite normal, actually. But the middle class (the petit bourgeoisie) is a small, economically elite class. It is in the middle between the working class that makes up the vast majority and the even narrower haut borgeoisie — the major capitalists whose relation to the economy centers on control of capital to which rented labor is applied. Unfortunately, people sometimes confuse the middle class with the middle income segment of the working class, which is a very different thing. (And that confusion is often deliberately exploited.)
        ke88y 3y ago
        >> Middle class people aren’t the secretary to the prime minister. > That sounds quite normal, actually. ?!?! > Unfortunately, people sometimes confuse the middle class with the middle income segment of the working class, which is a very different thing. (And that confusion is often deliberately exploited.) Oh, I see. This doesn't seem particularly helpful. People don't "sometimes" confuse those two things. The de facto agreed upon meaning of "middle class" has been "middle income segment of the working class" for at least a century at this point. And, in any case, serving on the Planning Commission seems much closer to "Ruling Class" than "Middle Class" unless you literally believe in the illuminati.
- harimau777 3y ago
  Ya, but there are many more people who spend years busting their asses in menial jobs who are never rewarded for it. I have no problem with CEOs making lots of money. I have a problem with them making 100x more than their median employee; especially when their poorest employees aren't making a living wage.
  - refurb 3y ago
    Ya, but there are many more people who spend years busting their asses in menial jobs who are never rewarded for it. But that's true for any job, not just CEOs. Plenty of people bust their ass and never make $250,000 like many FAANG employees. Should we cap the pay of FAANG employees to the lowest paid tech worker? I have a problem with them making 100x more than their median employee Why? What should the maximum multiple be? Should a CEO only make 20x the median employee? What if the company only has 10 employees? What if it has 200,000 employees, should it still be 20x? I'm not sure I understand why a CEO's pay should be solely linked to the median wage of the employees. What's the logic behind it?
badpun 3y ago
If the CEOs have it so great, why not become a CEO yourself and reap all those benefits?
- hotpotamus 3y ago
  Personally, my knife fighting skills aren't anywhere near up to par for that.

refurb 3y ago

If the CEO is going to make 100X as much as me, I’m going to do my best to work 100X less than they do. You realized CEO's make that much money after a long career where they were busting their asses as juniors. You basically made the same argument the grandparent is criticizing.

cornercasechase 3y ago
I realize that the CEO was born into a family where they were handed their position. You don’t get to the top by “working hard” that’s a sucker’s game. You need to be born to the right family, grease the right palms and be in the right place at the right time. Being a complete sociopath doesn’t hurt either.
- badpun 3y ago
  - CEO of Microsoft is a child of middle class Indian immigrants - so is CEO of Google - CEO of Apple comes from working/lower-middle class family - CEO of Johnson and Johnson (12th largest SP500 company) is an immigrant from Spain, coming from middle class family etc etc etc
  - cornercasechase 3y ago
    > CEO of Microsoft is a child of middle class Indian immigrants Middle class people aren’t the secretary to the prime minister. https://www.indiatoday.in/india/story/satya-nadela-microsoft-ceo-father-bn-yugandhar-dies-hyderabad-1598978-2019-09-13 https://www.indiatoday.in/india/story/satya-nadela-microsoft... > so is CEO of Google “His father also had a manufacturing plant that produced electrical components” https://en.m.wikipedia.org/wiki/Sundar_Pichai https://en.m.wikipedia.org/wiki/Sundar_Pichai You’re buying the propaganda.
    - dragonwriter 3y ago
      > Middle class people aren’t the secretary to the prime minister. That sounds quite normal, actually. But the middle class (the petit bourgeoisie) is a small, economically elite class. It is in the middle between the working class that makes up the vast majority and the even narrower haut borgeoisie — the major capitalists whose relation to the economy centers on control of capital to which rented labor is applied. Unfortunately, people sometimes confuse the middle class with the middle income segment of the working class, which is a very different thing. (And that confusion is often deliberately exploited.)
      - ke88y 3y ago
        >> Middle class people aren’t the secretary to the prime minister. > That sounds quite normal, actually. ?!?! > Unfortunately, people sometimes confuse the middle class with the middle income segment of the working class, which is a very different thing. (And that confusion is often deliberately exploited.) Oh, I see. This doesn't seem particularly helpful. People don't "sometimes" confuse those two things. The de facto agreed upon meaning of "middle class" has been "middle income segment of the working class" for at least a century at this point. And, in any case, serving on the Planning Commission seems much closer to "Ruling Class" than "Middle Class" unless you literally believe in the illuminati.
harimau777 3y ago
Ya, but there are many more people who spend years busting their asses in menial jobs who are never rewarded for it. I have no problem with CEOs making lots of money. I have a problem with them making 100x more than their median employee; especially when their poorest employees aren't making a living wage.
- refurb 3y ago
  Ya, but there are many more people who spend years busting their asses in menial jobs who are never rewarded for it. But that's true for any job, not just CEOs. Plenty of people bust their ass and never make $250,000 like many FAANG employees. Should we cap the pay of FAANG employees to the lowest paid tech worker? I have a problem with them making 100x more than their median employee Why? What should the maximum multiple be? Should a CEO only make 20x the median employee? What if the company only has 10 employees? What if it has 200,000 employees, should it still be 20x? I'm not sure I understand why a CEO's pay should be solely linked to the median wage of the employees. What's the logic behind it?

badpun 3y ago

If the CEOs have it so great, why not become a CEO yourself and reap all those benefits?

hotpotamus 3y ago
Personally, my knife fighting skills aren't anywhere near up to par for that.