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12 times the lowest paid worker? That might make sense, maybe. But what if the lowest paid worker lives in Zimbabwe and earns the equivalent of 30 pennies per month? So does this mean the CEO cannot make more than 360 pennies per month?
Wealth redistribution is one of the most tried, tested and failed societal experiments throughout history..
reply to post by beezzer
There is no freedom of speech for companies that market cigarettes.
Yet they extract more revenue per dollar from cigarettes than any other product.
It seems to me our government is socialism for the rich and corporations and capitalism for everyone else.
Free market my backside.
If you think you are worth more than you earn now, prove it and see to it you are paid that. If your estimated worth reflects reality, you should have little trouble being paid what you are worth.
If you want to be paid more, become more valuable. Talent and skill always finds work.
Brian Goodell, of Mission Viejo, Calif., won two gold medals in the 1976 Olympics. An all-American, God-fearing golden boy, he segued into a comfortable career in commercial real estate. Until 2008, when he was laid off. As a 17-year-old swimmer, he set two world records. As a 52-year-old job hunter, he’s drowning.
Brock Johnson, of Philadelphia, was groomed at Harvard Business School and McKinsey & Co., and was so sure of his marketability that he resigned in 2009 as CEO of a Fortune 500 company without a new job in hand. Johnson, who asked that his real name not be used, was certain his BlackBerry would be buzzing off its holster with better offers. At 48, he’s still unemployed.
Two coasts. Two men who can’t find jobs. And one defining moment for the men in the gray flannel suits who used to run this country. Or at least manage it.
Capitalism has always been cruel to its castoffs, but those blessed with a college degree and blue-chip résumé have traditionally escaped the worst of it. In recessions past, they’ve kept their jobs or found new ones as easily as they might hail a cab or board the 5:15 to White Plains. But not this time.
The suits are “doing worse than they have at any time since the Great Depression,” says Heidi Shierholz, a labor economist at the Economic Policy Institute.
Um, no. Talent and skill don't always find work. And MANY talented and skilled people are looking for work in their fields...
Who Caused The Financial Crisis?
Starring Bill Clinton's HUD Secretary Andrew Cuomo And Barack Obama; With Special Guest Appearances By Bill Clinton And Jimmy Carter: www.youtube.com...
Next time think twice about forcing banks by threat of lawsuit and penalty of law to lend to folks who couldn't hope to pay them back (in the name of 'equality' & 'compassion') which caused the housing crisis and led to the economic collapse.