This isn’t anything a CEO decides on. That’s what governments decide on by implementing minimum wages.
I agree on having more than a livable wage as minimum wage because unproductive jobs are a waste of a human as a resource.
If the company’s owners could replace that CEO with a few people not even able to earn a livable wage, then they would. But these people wouldn’t be able to do the job.
CEOs are just another employee that went for a job interview and got the job. They get paid so that they do not leave for a better paying job.
If they want these CEOs to earn less and the below living wage people to earn more, then that will happen through tax and social transfers outside of the company. The government can do this.
How can a government tax such “talent”? If they get taxed too much, then they will go to another country.
USA taxes based on nationality, so… the person would just give up their citizenship.
Becoming CEO mainly requires you to know the country very well. The environment. So changing country and still getting a high end job might prove difficult.
The wage of a CEO is connected to the capital allocated to the location. CEOs are taxed based on the headquarters of the company far more often than not.
So there’s quite some way to even the playing field in the search for talent.
Of course places like Dubai have free game if they do not tax their CEOs at all. Then companies in Dubai become very attractive.
It’s complex, but eradicating poverty from a country will also make it very attractive to raise your kids there. Being with others on the street will be a lot more comfortable. So this makes it attractive to live in that country for rich people as well.
Really need to look at the pros and cons. The desired and undesired changes that each policy brings forth.
Then weigh them and see if this is the end result we want.
There definitely are companies who’s owner (you’re right, the ceo can not always make this decision) to spread the profits more equally over the employees. Even though the system pushes companies to compete for talent and pay the high positions high wages, they aren’t forced by this. The other way around is true too.
Look at Apple for example, they make loads of money. Still the factory workers (which, I know, are not directly employed by apple) work 10-12 hours a day, 6 days a week.
The people in charge definitely get to choose whether they accept or resist the system they manouver in. Many big companies even spend money to get the system to benefit them. Have you ever heard companies fighting for an increase in the minimum wage? I haven’t. But I sure hear them if a new environmental law threatens their competetiveness.
You cannot divide something as complex as this in good and evil, but big international corporations more often behave on the evil side of the spectrum, a lot more often, then they behave on the good side of it.
Apple Vs Xiaomi. I’m writing this on a Xiaomi. Both of them likely pay the Chinese factory workers the same amount. The latter is just being a lot more competitive while Apple relies on USA politicians in order to force americans to buy Apple instead. (Huawei was rapidly crippled by banning Google from working with them once they sold more phones than Apple).
So the problem is not really the company, but the government indulging their companies.
In USA the issue is that the American people do not realise that they need to pay their politicians in order to own their politicians. In Belgium there’s a law that forces political parties to have 80% of their income come from tax money based on the amount of votes they got. In USA not even 1% of political parties their income comes from tax money. Apple basically owns the law that struck down Huawei.
And this is normal? You cannot expect Apple to be against their own interest.
It’s up to those people that suffer due to apple’s influence to take up the pitchforks and go do things that are good for their own interest.
Chinese citizens are happy, their economic gains in mere generations gained a gigantic amount. Soon factories will leave China as it has become too developed and now it is the Chinese that are the capitalists.
For example their EV market. They dominate the cobalt industry in Congo.
The 1850s Belgium gave rise to Marxism. But now that we are developed, nobody really cares about Marxism anymore.
Marxists basically hate us because they found new poor undeveloped countries that they can put their fangs in and claim that they are poor only because others are not poor.
This isn’t anything a CEO decides on. That’s what governments decide on by implementing minimum wages.
I agree on having more than a livable wage as minimum wage because unproductive jobs are a waste of a human as a resource.
If the company’s owners could replace that CEO with a few people not even able to earn a livable wage, then they would. But these people wouldn’t be able to do the job.
CEOs are just another employee that went for a job interview and got the job. They get paid so that they do not leave for a better paying job.
If they want these CEOs to earn less and the below living wage people to earn more, then that will happen through tax and social transfers outside of the company. The government can do this.
How can a government tax such “talent”? If they get taxed too much, then they will go to another country.
USA taxes based on nationality, so… the person would just give up their citizenship.
Becoming CEO mainly requires you to know the country very well. The environment. So changing country and still getting a high end job might prove difficult.
The wage of a CEO is connected to the capital allocated to the location. CEOs are taxed based on the headquarters of the company far more often than not.
So there’s quite some way to even the playing field in the search for talent.
Of course places like Dubai have free game if they do not tax their CEOs at all. Then companies in Dubai become very attractive.
It’s complex, but eradicating poverty from a country will also make it very attractive to raise your kids there. Being with others on the street will be a lot more comfortable. So this makes it attractive to live in that country for rich people as well.
Really need to look at the pros and cons. The desired and undesired changes that each policy brings forth.
Then weigh them and see if this is the end result we want.
There definitely are companies who’s owner (you’re right, the ceo can not always make this decision) to spread the profits more equally over the employees. Even though the system pushes companies to compete for talent and pay the high positions high wages, they aren’t forced by this. The other way around is true too.
Look at Apple for example, they make loads of money. Still the factory workers (which, I know, are not directly employed by apple) work 10-12 hours a day, 6 days a week.
The people in charge definitely get to choose whether they accept or resist the system they manouver in. Many big companies even spend money to get the system to benefit them. Have you ever heard companies fighting for an increase in the minimum wage? I haven’t. But I sure hear them if a new environmental law threatens their competetiveness.
You cannot divide something as complex as this in good and evil, but big international corporations more often behave on the evil side of the spectrum, a lot more often, then they behave on the good side of it.
Apple Vs Xiaomi. I’m writing this on a Xiaomi. Both of them likely pay the Chinese factory workers the same amount. The latter is just being a lot more competitive while Apple relies on USA politicians in order to force americans to buy Apple instead. (Huawei was rapidly crippled by banning Google from working with them once they sold more phones than Apple).
So the problem is not really the company, but the government indulging their companies.
In USA the issue is that the American people do not realise that they need to pay their politicians in order to own their politicians. In Belgium there’s a law that forces political parties to have 80% of their income come from tax money based on the amount of votes they got. In USA not even 1% of political parties their income comes from tax money. Apple basically owns the law that struck down Huawei.
And this is normal? You cannot expect Apple to be against their own interest.
It’s up to those people that suffer due to apple’s influence to take up the pitchforks and go do things that are good for their own interest.
Chinese citizens are happy, their economic gains in mere generations gained a gigantic amount. Soon factories will leave China as it has become too developed and now it is the Chinese that are the capitalists.
For example their EV market. They dominate the cobalt industry in Congo.
The 1850s Belgium gave rise to Marxism. But now that we are developed, nobody really cares about Marxism anymore.
Marxists basically hate us because they found new poor undeveloped countries that they can put their fangs in and claim that they are poor only because others are not poor.