Considering that our era of greatest productivity corresponded to a “lowest paid to highest” ratio that was orders of magnitude less tends to suggest that we really are paying “too much” to those at the top.
Chuckle-A-Duck
ChuckleADuck is a webcomic that examines atheism, religion, politics, and general silliness from its own unique perspective. Its audience includes atheists, evangelicals, the spiritual, the cynical, young, old, liberals, conservatives and the occasional space alien.
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It seems so wrong that even in companies that are folding the top guys get millions of dollars in bonus for doing a crappy job of running the company. Shouldn’t they be getting a pay cut?
Yes,…yes they should…
The brings to mind the The Fed. It has not done what it promised to do. It is a private bank and not part of the Federal government and yet it prints bogus money and dictates what the dollar is worth, all the time making gross profits for the bank and its members.
Kinda grotesque, isn’t it?
In the end, Henry Ford did all the work, deserved all the profits and felt the employees could go hang out to dry. Despite the fact that it was his son Edsel that pulled his chestnuts out of the fire, forcing the issue that there was need for change to save the company, recognize the need for engineers to work together and push the company to make the Model A and subsequent design changes that came thereafter.
Too many of the big companies don’t exist to keep customers happy and provide fair compensation for labor rendered, just to help the upper crust live like emperors and then give them even more compensation in severance packages when they fail mightily. Provision of goods and services comes pretty low on the list, till they decide they’re losing market share, at which point they go on a short term quality drive and PR campaign to try convincing their customers that they’re back into serving customers with quality product and services.
What quality drive – They just do more marketing [aka Folgers etc] and sabotage the competition through the courts and buy off regulators, oops, I mean make campaign contributions, too regulate the competition out of existence.