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> I'm not sure when we decided it was okay for CEOs to make 300x what a worker does "we" didn't decide anything - the markets did.
by w1ntermute 13y ago
> I'm not sure when we decided it was okay for CEOs to make 300x what a worker does
"we" didn't decide anything - the markets did.
- sscalia 13y agoYes. The "markets" are to blame.
- HarryHirsch 13y agoA bit more precisely: it isn't the market that sets the salaries, it's the board of directors. Hopefully someone can clue us in here why executive compensation in the US is so much higher than in Europe, and why it took off insanely sometime in the 1990s.
- davidw 13y ago> why executive compensation in the US is so much higher than in Europe +1 for something actually interesting to ponder in this whole thread!
- Daishiman 13y agoSo, we did.
- dannypgh 13y agoDemocracies can be characterized by "one person, one vote" whereas at best markets are "one dollar, one vote." The public does not share equal responsibility for decisions of markets. Not by a long shot.
- Daishiman 13y agoIt's true, but every time we fail to participate in the democratic process to change the notion of how markets work, or every time we support corporations which do not share our beliefs in the system, we become complicit. Given that most of the readers here are usually middle-class consumers, they can at the very least make a few choices regarding the purchases and lifestyle to reflect their principles; I'm afraid most people never consider that.