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> To everyone advocating for higher wages, you're actually advocating for higher prices for many of the things you purchase. I'm advocating for higher wages fo
by PaulDavisThe1st 3y ago
> To everyone advocating for higher wages, you're actually advocating for higher prices for many of the things you purchase.
I'm advocating for higher wages for truck drivers, and lower wages for trucking company executives.
Will it come out in the wash? I don't know. But it certainly means that the net increase in shipping costs is smaller than if you focus only on the increased driver pay.
- sethammons 3y agoBasic numeracy: looking at top transportation CEO pay, it is coming out at $5-30M. Grabbing the first company on this list, they have 12k employees. If we completely spread out the CEO comp (which is mostly equity) everyone makes maybe a couple grand more a year. That is going to affect employee pay by less than inflation. https://www.erieri.com/blog/post/top-10-highest-paid-ceos-in-transportation?amp https://www.erieri.com/blog/post/top-10-highest-paid-ceos-in...
- ekanes 3y agoA couple grand a year for 12k people isn't nothing. If you expand it out to more of the C-suite, it gets even higher.
- wildrhythms 3y agoJust looking at the salary is incredibly naïve; these CEOs and other higherups sit on immense piles of stock options purchased with the company's profits.
- mrguyorama 3y agoAnd way too often weird """loans""" on the companies books made to the execs, with no expectation of repayment.
- deleted 3y ago[deleted]