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Originally Posted by Baraka_Guru
Profits are up maybe because of CEO decisions that both save money and increase revenues.  |
Maybe. And CEOs are certainly smart people, and deserve to be richly paid for their hard work. But is it really market driven? The CEO and board of directors set their own salary. I talked about my conspiracy theory about institutional ownership being to blame - the people in the banks that own large parts of many companies are the same people who want to be CEOs and on boards of companies too. Maybe I'm just paranoid there.
Quote:
Originally Posted by Baraka_Guru
I know it doesn't sound fair, but I will repeat what I said in my previous post: This is more market-based than based on "fairness," whatever that is.
EDIT: I just realized that this is a "cumulative" increase, which means inflation has eroded worker earnings by as much as 16% to 18% over the period. Okay, well, that sucks. Fine. But I still say this is market-based. I blame globalization.
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If it really is market based, then ok. And fairness is one issue, but another is the health of society - I can't imagine that it's helpful that the gap between rich and poor in this country is widening every day. That Americans are the hardest working people in the world, and lots of us are losing our homes, and everyone's insurance plan gets crappier every year.