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.
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.
Competing firms and to a lesser extent the CEOs themselves, all have input. It’s a market.
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?
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.
Exactly
They’re not incentivised to get the best value for money. They’re setting the benchmarks by which their own pay is decided.