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I do believe that inequality like these clocks demonstrate, heavily reflects inequity (a lack of fairness). But the only people "harmed" by a CEO's high pay ar
by Nevermark 3y ago
I do believe that inequality like these clocks demonstrate, heavily reflects inequity (a lack of fairness).
But the only people "harmed" by a CEO's high pay are the workers of the same company, since they are the one's with a "zero sum" split of the company's revenue. (I.e. the money split between all employees (as expenses) and shareholder profits).
Lack of fairness, to me, mostly starts with inequitable health, education at an early age, and parents in survival mode.
I don't think fixing the last is as easy as increasing minimum wage, given that adds even more incentives to replace workers with automation. But the planet has untapped resources, not there due to any human investment or effort, whose raw value would go a long way toward lifting many people out of poverty, if that value was shared. (And without taking anything from the value created by those who extract and transform those resources.)