Cynthetiq

As an indirect investor via 401k and IRAs, I want the CEO to create wealth for the corporation. In order to attract a CEO who can do such things, one must compensate in order to attract the talent.

As a direct shareholder of stock, I demand that the Board of Directors be competent in selecting and approving CEOs and their compensation package. There are some like Steve Jobs who get little to no salary, just stockholder options and the benefits of those options.

Average citizens cannot demand it of private or public corporations, but shareholders and investors can. They have and continue to do so. Pan, if you don't know or understand this, you are out of touch with how the system works.

With regards to upping the minimum wage, there are some in the lower tiers of the workforce that are psychologically tied to the minimum wage. They see that as the base line from which they are trying to move away from. So if you up minimum wage to $12 an hour all those people who were getting paid $12 now feel like they are worth more than "minimum wage."

I always hated managing people during minimum wage increases becasue it always lead to losing 1 or 2 people who felt they were entitled to a raise because minimum wage was increasd, so they should be increased as well.

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