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The problem with this is that the CEO of Walmart is a much more important job than the CEO of McKinsey but under this formula they would get paid a fraction of
by chadash 3y ago
The problem with this is that the CEO of Walmart is a much more important job than the CEO of McKinsey but under this formula they would get paid a fraction of the amount, no matter how well they did for Walmart workers.
The end result of this situation would probably be a mad dash to automate away any blue collar work, which may not be such a great thing.
It’s a tough problem.
- umeshunni 3y ago> The end result of this situation would probably be a mad dash to automate away any blue collar work, which may not be such a great thing. More typically, this results in the outsourcing/contracting away of lower value work.
- amrocha 3y agoThe CEO of Walmart doesn't do anything for the Walmart workers, he works for the investors. I would say it would be a huge upgrade to get rid of investor CEOs and put in a worker CEO in place instead.
- syndicatedjelly 3y agoWho decides how important a company is to the economy?