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They’re passing legislation forbidding towns and counties from raising the minimum wage in their jurisdictions. Republicans insist: no pay bump for those raking in $15,080 a year! On the other side, however, there’s no amount of pay, perks, private jets, premium health plans and golden parachutes that Republican politicians believe could possibly be too much for a CEO.
That Oracle CEO Larry Ellison took home $78,440,657 last year is completely reasonable in the minds of Republicans. That it would take a minimum wage earner 5,201 years to earn what Larry took out of his company for one 365-day period is, according to Republican-think, a morally correct calculation.
That is why Republicans are working so hard to prevent Walmart and McDonald’s workers from earning more money while, at the same time, doing nothing but congratulating Time Warner Cable CEO Rob Marcus for grabbing $79.9 million for six weeks of work.
Republicans don’t believe in paying a living wage to workers they disrespect, like the home health aides providing loving 24-hour care to the frail grandmas of GOP politicians across this country, like the housekeepers who clean GOP presidential hopefuls’ hotel rooms as they campaign across the nation, like the McDonald’s workers denied paid sick days who make extraordinary efforts not to cough on the fries that super-sized Republicans stuff in their faces.
Republicans do believe, though, that the $31 million CVS hands CEO Larry J. Merlo has no effect on the pharmacy’s prices, that the $26 million Ralph Lauren hands its namesake CEO has no effect on the heart-stopping prices he charges for his foreign sweatshop-sewn clothes, and that the $31 million Estee Lauder grants CEO Fabrizio Freda has no effect on the eye-popping prices Lauder charges for its powder and perfume.
The GOP believes CEOs deserve to pocket in one year what it would take the average worker 331 years of labor to earn – a ratio calculated by the AFL-CIO Executive Paywatch team this year. CEOs are just so important, so special, so irreplaceable, according to the GOP.
They’re so much better than the heart surgeon who spends all day every day meticulously saving people’s lives. They’re 331 times as important as the firemen who rush into a burning home to save a woman’s life. They’re 331 time more valuable than the policemen and paramedics who ran toward the sound of an explosion a year ago in Boston to rescue bomb victims. To Republicans, those CEOs are 331 times more precious than the teacher who nurtures the shy child, encourages the faltering student or refuses to abandon the recalcitrant pupil.
The current system amounts to a form of "corporate welfare," Unz said. Major chains like Walmart and McDonald's keep their employees' wages low, knowing the government will provide them with food stamps and medical care to compensate for their low pay.
An October study co-authored by researchers at the UC Berkeley Labor Center found that 52 percent of the families of fast-food workers are enrolled in one or more public assistance programs, compared with 25 percent of the workforce as a whole.
RON UNZ:Right now, $250 billion a year in social welfare spending goes to workers who can't survive on their paychecks. What we're talking about is a massive system of hidden government subsidies for these low-wage employers where they can shift the costs of the workforce over to the taxpayer. I think businesses should stand on their own two feet and have to pay their workers instead of forcing the taxpayers to make up the difference.
Furthermore, the price rises we're talking about are very much smaller than most people would realize. Wal-Mart is America's largest low-wage employer. Three hundred thousand Wal-Mart workers average about $9 an hour. All Wal-Mart would have to do to cover a $12 minimum wage is raise their prices by 1.1 percent one time. The average Wal-Mart shopper would pay only an extra $12.50 per year. People wouldn't even notice the price hike.
Today in California, the polls show overwhelming support for a large rise in the minimum wage, and the idea has now been endorsed by multi-billionaires of the left, right, and center. Let’s hope that such potent combination of dollars and voter sentiment quickly produces enacted legislation and causes the issue to permanently vanish from the political radar screen just as would be suggested by my theory.
McDonald’s and fast-food places would probably have to raise their prices by 8 or 9 percent, something like that. Agricultural products that are American-grown would go up by less than 2 percent on the grocery shelves. And those sorts of price increases are so small that they would be almost unnoticed in most cases by the consumer.
originally posted by: Benevolent Heretic
a reply to: BuzzyWigs
In the 60s and 70s, CEOs made about 50-100 times what the average worker made. Today, it's more like 800 times.
“I think the American people should know that the members of Congress are underpaid,”Congressmen Moran
originally posted by: BuzzyWigs
a reply to: benrl
LOL!! They should be getting minimum wage. Period.
That might shake up some things. Or the same rate as jurors - $10/DAY in my location.
And no benefits.
Which Congressman is that? We have a Senator named Moran - but he's an R....
James Patrick "Jim" Moran, Jr. is the U.S. Representative for Virginia's 8th congressional district, serving since 1991. He is a member of the Democratic Party
The Walmarts and McDonaldses need to remember two things: 1.) they would be nothing without their employees and 2.) what goes around comes back around.
And the people need to remember something too...band together or you're screwed. - See more at: www.abovetopsecret.com...
There's one word a billionaire's servant should never say.
"Banish it from your vocabulary," wide-eyed recruits are told. Because when money is no object, neither is the extent staff are expected to go in satisfying their master's most extravagant desires.
The financial titans of the world don't just require service par excellence -- they demand superheroes at their beck and call.
People willing to swim in jellyfish-infested water, survive on four hours sleep a night, and accept every criticism with not so much as a raised eyebrow.
Observant stewards must become instant experts on their wealthy boss's favorite meals, music tastes, heavens above even their bowel movements.
And if these foot soldiers of hospitality don't make the grueling regime look easy -- or keep quiet about the high profile lives on board -- then they're out of a job paying anything from $1,000 to $6,000 a week.
With a superyacht costing anything between $30 million and $100 million, you can safely bet that if you're wealthy enough to own one, you're wealthy enough to make extreme demands on your staff.
"We are talking about the ultra rich -- Russian oligarchs, Arab sheiks, oil gurus," says Sara Vestin Rahmani, founder of Bespoke Bureau, a high-end domestic staff recruitment agency running the superyacht training course.
One, who didn't want to be named, will be taking the place of her supervisor who recently got fired. "It's very tough," she says. "If they don't like your hair or the way your voice sounds, you're out."