CEOs of top 100 ‘low-wage’ US firms earn $601 for every $1 by worker, report finds - eviltoast

These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m

  • pjhenry1216@kbin.social
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    1 year ago

    I’m ok with this, but it’s essentially just a step toward socialism which is the better option (but will never happen). Because all this will do is make CEOs less wealthy from the company itself. The investors still make tons more than the CEOs already and they don’t do anything. You need to force revenue sharing essentially which is just socialism with extra steps. Cause CEOs will just end up investing in other companies and still be wealthy and get less compensation from the company itself.

    • Semi-Hemi-Demigod@kbin.social
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      1 year ago

      Exactly. Increasing pay would be really, really nice. But we can do that and have more control over our workplaces. Worker owned companies would prevent huge disparities in pay from reoccurring, regardless of what the government does.

      Like a wise and angry man once said: “Fuck the G rides, I want the machines that are making them.”

    • Franzia@lemmy.blahaj.zone
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      1 year ago

      Socialism is the abolition of social classes. Regulating capital is usually called Social Democracy, or Marxism. Honestly, sieze the means of production.