The historic UAW strike puts an exclamation point on more than a decade of efforts by Washington lawmakers to narrow the pay gap between top executives and workers.

  • SCB@lemmy.world
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    10 months ago

    Jobs aren’t paid based on how difficult or stressful they are

      • AmosBurton_ThatGuy@lemmy.ca
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        10 months ago

        Retail in a nutshell. Get treated like shit but if you dare say something that could possibly be considered even mildly offensive, let alone stand up for yourself then you’re the bad guy and get all the blame.

        So glad I got out of that, everyone should have to work retail for at least half a year to develop a bit of empathy. The bullshit you have to put up with on a near daily basis for poverty wages is fucking abysmal.

    • Final Remix@lemmy.world
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      10 months ago

      Well they’re certainly not based on what value they bring, either, except maybe to themselves and the ever-useless shareholders.

      • SCB@lemmy.world
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        10 months ago

        If the people paying did not believe they were getting their money’s worth, they would stop paying that much. The problem is, the ceiling is set by whoever can realistically pay the most.

        My entire point is that CEOs are obviously overvalued, due to the ability of extremely large firms to pay exorbitant salaries via stock. This creates a negative ripple downstream that hurts a lot of smaller businesses.

        • JoBo
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          10 months ago

          If the people paying did not believe they were getting their money’s worth, they would stop paying that much.

          No they wouldn’t. They’re the same people as get paid that much elsewhere. They have no incentive to lower the bar.

            • JoBo
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              10 months ago

              No, I’m not. Who do you imagine sets CEO pay?

              • SCB@lemmy.world
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                10 months ago

                Competing firms and to a lesser extent the CEOs themselves, all have input. It’s a market.

                • JoBo
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                  10 months ago

                  It’s nothing like a market. Who do you imagine the individuals are who set the CEOs pay, and how do you think their pay is decided?

                  • SCB@lemmy.world
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                    10 months ago

                    Generally, but not always, the board will set a price range for CEOS. In smaller firms, the C-suite or President will, in some rarer cases the owner will have sole vote.

                    You seem to think CEOs dictate their own wages, which makes no sense. That’s not how getting a job works.

    • Evie @lemmy.world
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      10 months ago

      Is that why doctor are so under paid/s they aren’t based on skill or education?

      • SCB@lemmy.world
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        10 months ago

        Doctors are highly paid because they are scarce. You’ll note that surgeons in the UK, as an example, make about a third or less of what a US surgeon makes.

        Our residency system, coincidentally, induces artificial scarcity of doctors