The Reaganomics Fraud:

[mrplunkey]

Um, how about the guys who are making 6 and 7 figure salaries take pay cuts and maintain the buildings the way they need to be maintained instead of beating up the guys who are doing the maintenance that is needed or cutting hours of people who already make only slightly better than minimum wage or forever postponing needed facilities improvements.

My heart did not ache when I heard the CEO or some other suit was voted only a 15% raise in the years when I couldn't afford the copay to also be covered under my husband's health insurance, sorry.

You'd be the perfect person to help me understand this.

Let's run with the premise that companies are slaves to profit. That they are willing to sacrifice workers, the environment, product safety, quality, etc. etc. -- all in the name of the mighty dollar.

Then why would a company ever pay an executive six figures unless that was the necessary price? If I could get a VP of sales or a VP of manufacturing for $20,000/year, why in the world wouldn't I do it? Do you think CEO's and boards like paying managers six figures? Those costs are just another line on the income statement and they're paid with the same currency that everything else requires.

And I'm being serious here. Help me understand this view. Why in your world would something as evil and greedy as a company suddenly want to see an entire cadre of people be overpaid?

 

[PICK3]

You'd be the perfect person to help me understand this.

Let's run with the premise that companies are slaves to profit. That they are willing to sacrifice workers, the environment, product safety, quality, etc. etc. -- all in the name of the mighty dollar.

Then why would a company ever pay an executive six figures unless that was the necessary price? If I could get a VP of sales or a VP of manufacturing for $20,000/year, why in the world wouldn't I do it? Do you think CEO's and boards like paying managers six figures? Those costs are just another line on the income statement and they're paid with the same currency that everything else requires.

And I'm being serious here. Help me understand this view. Why in your world would something as evil and greedy as a company suddenly want to see an entire cadre of people be overpaid?

It's knot all companies/executives, butt when BP hands out "Safety" bonus checks to execs, makes you wonder


just sayin'

 

[mrplunkey]

It's knot all companies/executives, butt when BP hands out "Safety" bonus checks to execs, makes you wonder


just sayin'

Exxon Mobil Corporation (NYSE:XOM) Gets Safety Award

 

[musclemom]

You'd be the perfect person to help me understand this.

Let's run with the premise that companies are slaves to profit. That they are willing to sacrifice workers, the environment, product safety, quality, etc. etc. -- all in the name of the mighty dollar.

Then why would a company ever pay an executive six figures unless that was the necessary price? If I could get a VP of sales or a VP of manufacturing for $20,000/year, why in the world wouldn't I do it? Do you think CEO's and boards like paying managers six figures? Those costs are just another line on the income statement and they're paid with the same currency that everything else requires.

And I'm being serious here. Help me understand this view. Why in your world would something as evil and greedy as a company suddenly want to see an entire cadre of people be overpaid?

People from a certain level up are protecting their interests, period. They make the rules. It's right up there with state representatives being able to vote themselves raises.

If they cared about doing things properly and taking care of their employees, then people who have shown diligence in their work and been loyal employees would sure as hell deserve to at least have wages that stay in line with the cost of living.

As best as I can understand it's a selective blindness. They don't care what working conditions are like for people, they just want their profits. Who makes the rules? Frigged if I know. People who sit at boardroom tables, who have no idea what it's like in the real world, I assume. They treat "little people" like a disposable commodity, and make darned sure that everyone knows just how replaceable they are.

I'm pretty sure why that show "Undercover Boss" is so successful. I've only watched it once or twice but I clearly remember one owner saying "I wouldn't do this job for that amount money." Most of the time when these suits get in the field they suddenly start realizing just how shitty the working conditions THAT THEY DICTATED, are.

So you explain it to me.

 

[mrplunkey]

People from a certain level up are protecting their interests, period. They make the rules. It's right up there with state representatives being able to vote themselves raises.

And exactly what interest would a CEO be protecting by overpaying a manager in the corporation? The interest to make less money? You can't have it both ways. Either the company is greedy and selfish, or this guy is doing a blatant act of selflessness for an entire band of people.

If they cared about doing things properly and taking care of their employees, then people who have shown diligence in their work and been loyal employees would sure as hell deserve to at least have wages that stay in line with the cost of living.

Absolutely not. No. Not now, not ever.

If the employee is doing relevant, competent work.

And the company the employee is working for is functioning at or beyond it's peers.

And the industry the company is operating in is viable.

Then the employee has a chance to make a good living from the company, which would presumably include wages that at least stay in line with the cost of living.

The word "deserve" is completely misplaced.

As best as I can understand it's a selective blindness. They don't care what working conditions are like for people, they just want their profits. Who makes the rules? Frigged if I know. People who sit at boardroom tables, who have no idea what it's like in the real world, I assume. They treat "little people" like a disposable commodity, and make darned sure that everyone knows just how replaceable they are.

Again, you can't have it both ways.

I'm pretty sure why that show "Undercover Boss" is so successful. I've only watched it once or twice but I clearly remember one owner saying "I wouldn't do this job for that amount money." Most of the time when these suits get in the field they suddenly start realizing just how shitty the working conditions THAT THEY DICTATED, are.

So you explain it to me.

I'm not sure you should form opinions based on a TV show. Besides, what's the undercover boss going to say? "Hey, I sure am glad I got an education so I don't have to shovel this shit as a real job!!!" ? I don't think that would go over so well.

 

[Dial_tone]

You'd be the perfect person to help me understand this.

Let's run with the premise that companies are slaves to profit. That they are willing to sacrifice workers, the environment, product safety, quality, etc. etc. -- all in the name of the mighty dollar.

Then why would a company ever pay an executive six figures unless that was the necessary price? If I could get a VP of sales or a VP of manufacturing for $20,000/year, why in the world wouldn't I do it? Do you think CEO's and boards like paying managers six figures? Those costs are just another line on the income statement and they're paid with the same currency that everything else requires.

And I'm being serious here. Help me understand this view. Why in your world would something as evil and greedy as a company suddenly want to see an entire cadre of people be overpaid?

The executives of said company generally set their own salaries, with approval of the board they're probably pretty chummy with. They're all washing each other's backs.

 

[Mr. dB]

Is that what you guys do? Just raise prices at the club you work at?

Well, if a band costs $5000 for a show, the ticket price is a lot higher than a band that will play for $100...

If you can't afford big red stop buttons and sleeves on your fluorescent lights, what the heck happens to your company when you have to buy a new 5-axis CNC rig? Fire ten workers?

 

[mrplunkey]

Well, if a band costs $5000 for a show, the ticket price is a lot higher than a band that will play for $100...

If you can't afford big red stop buttons and sleeves on your fluorescent lights, what the heck happens to your company when you have to buy a new 5-axis CNC rig? Fire ten workers?

You buy the 5-axis CNC rig... And take delivery of it in the Dominican Republic.

And there will always be more big red stop buttons and more sleeves for fluorescent lights. The details change each month but the underlying theme never changes. Until, of course, you've had enough and decide it's time to move production overseas.

 

[mrplunkey]

The executives of said company generally set their own salaries, with approval of the board they're probably pretty chummy with. They're all washing each other's backs.

The executives do not set their own salaries. That's spectacularly wrong. It's typically done through a subcommittee of the board (the compensation committee) and is virtually always a contentious, ugly, nasty mess. Boards are notorious for keeping a few shmucks around just to put on committees like that.

There are some huge misconceptions here (not singling you out).

 

[javaguru]

I'm curious as to how much the liberal economists predict they can bring in under high tax rates for the "rich." I'm not against taxes per se, I'm against taxes that promote misallocation of resources in the private sector due to the government spending, how does raising taxes on the " rich" change the deficit? You could raise the top rate to 90% and it wouldn't change the deficit.