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View Diary: It's Not Wage Stagnation, It's Wage Robbery (151 comments)

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  •  Jerry - I agree with you, but you missed my point (0+ / 0-)

    I had only one point, cash compensation to the CEO isn't holding down the pay of hourly workers.

    "let's talk about that"

    by VClib on Tue Mar 04, 2014 at 03:56:18 PM PST

    [ Parent ]

    •  Straw man (0+ / 0-)

      First, it's not just *cash", it's overall benefits--including long-term pension. Second, the context is the combination of factors driving down wages for workers. Lastly, actually, if  you took that one percent of payroll that goes TO ONE PERSON off the table, it has meaning in the context of bargaining negotiations where health care costs and wages are cut because, oh, gee, we have no money...it's the entire picture.

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      by Tasini on Tue Mar 04, 2014 at 05:10:16 PM PST

      [ Parent ]

      •  Tasini - it really depends on the size (0+ / 0-)

        of the company and the magnitude of the CEO pay package. In Fortune 500 companies, with billions of revenues, even the top five executives total compensation (which includes all those other elements you noted), less the equity component, is less than 1% of the total compensation expenses for the entire corporation. These companies have tens of thousands of employees and total salary, wage and benefit expenses that are in the billions.

        The spread between CEO pay and hourly workers is unconscionable and the actual amount of the total compensation is reprehensible. Lowering CEO compensation would certainly help the spread. My only point is that it wouldn't help very much lifting the wages or benefits of the hourly workers.

        "let's talk about that"

        by VClib on Tue Mar 04, 2014 at 06:01:19 PM PST

        [ Parent ]

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