Here is a repeat of a previous post:
It is easier for a camel to get through the eye of the needle than for a rich man to enter the kingdom of God
In 1965 the average company CEO made 24 times more than his average worker.What this meant was that it took this average worker 24 days to earn what this CEO did in one day.
Today,the average CEO's paid package conservatively makes a staggering 364(some modern statistics go higher and claim up to 500) times more than their average employee.
While it can be said that figures lie and liars figure,I am going to say that these numbers,in most circles,add up correctly.I am not absolutely certain however,because of the different ways of adding CEO pay both favorably and vice versa.
That being said,it is a jaw dropping statistic:modern CEO's make in ONE day(!)what it takes one of their average employees to incur in a whole year.Day after day,the company CEO,over and over again,remakes a whole year worth of wages of someone in his employment.
What-to me-makes this so so shocking,is the fact that American businesses don't seem to be doing 340 times better than their 1965 counterparts.
In fact,just the opposite seems to be true.For instance,bankers/speculators/mortgage barons are bankrupting our economy and getting government bailouts to save everything from supposedly collapsing under their tutelage.Million dollar bonuses paid via these government handouts seem just par for the course.
No one seem to be asking,if these are their bonuses for screwing up...just what were their paychecks worth,anyway?
When more and more average Joes are being laid off,getting their pay cut and told time and time again that they must sacrifice in lieu of the global economy because these are tough times just how much are these CEO's willing to sacrifice?
It appears they aren't.
It makes me wonder...just how much does the global economy actually have to do with the tough times most blue collar workers are experiencing?
How much is class injustice?How much is corporate greed?
Let's not get into leverage buyouts and their ilk.Let's just concentrate on the average CEO wages.
It would not be unfair to assume that a fair and reasonable wage for a CEO should be 100 times more than his 1965 counterpart.After all,the CEO,while not 'the company' is an integral part of the ship.The rudder,perhaps,even the engine.124 times the ship's nuts and bolts seems a very good compensation.Company first and all that rot.
That leaves one hundred forty positions that could be filled within the company at no cost to the company.Hell,hire half that and you still have a very tight ship.
Now,multiply that by the hundreds of corporate CEO's out there and this economic downturn suddenly seems not caused by the global economy,but rather on corporate greed.
How many Americans are out of work simply because the men at the top are over paying themselves times the hundreds?
This is outrageous behavior.No wonder corporate America has so ingrained itself within the government.No wonder they have to spend so much money on the thousand of lobbyists they throw into congress.
If their causes were so just would they need to lavish senators and U.S. Representatives so persuasively?Would they have to blitz the media so seductively so all of the time?
No.They wouldn't.
Yes,I know what you are thinking.If we don't cower before the might of these kings of industry that they will go and take their money elsewhere.
I say,let them.First off,they are already half way there.These muti-national corporation giants don't generally give a hoot about America's well being anyway.So,leave.Take off.Do what ya gotta do.
Why do I shout this?Because where are they going to have it better off than right here in the good ol' U.S.A.?Nowhere,that's where.But,if they are strong on leaving go.
Why?Because America is still the land of opportunity.Immigrants,both legal and illegally are dying to get into this great land and make a name for themselves.
So,Mr.BigWig CEO.Take off.Don't let the door hit you on the way out.Don't go away mad.Just go away.I'm not worried that you leaving will in anyway leave a muti-millionaire CEO leadership void.
America has got you covered.We'll make more.
Jesus answered,"If you want to be perfect,go,sellyour possessions and give to the poor and you will have treasure in Heaven.Then come follow me.When the young man heard this statement,he went away sad,for he had many possessions.
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