That stat comes from only the largest 350 companies, not all companies, the vast majority of people do not work for a company that large.
Companies have grown quite considerably since 1965. Walmart, the largest company by sales today, had like 8 locations or something in 1965.
The Walmart CEO, with all their bonuses, earns 22¢ per week per employee. If I were a Walmart employee, the CEO earning less than a penny every hour I work, wouldn’t bother me, as it certainly wouldn’t change my life. I’d be curious to go back to 1965, I’d bet CEOs earned more per employee than they do today.
In 1965, GM was the largest company by sales at $17B, with about 300,000 employees. Today, the largest is Walmart with $650B in sales, with 2,100,000 employees.
“Nobody gets seconds until everybody gets a plate!”
-Grandma
And ol’ gormless Bernie has been in congress for decades while it happened.
We could be in a new golden age if CEOs and companies paid their fair share in taxes and wages.
351X more valuable is the metric that matters. A bad ceo tenure kills the company everyone else is replaceable.
Granted there are some shitty ones out there but quality management is worth every penny.
The Employee-to-Executice earnings ratio is important here.
Any attempt by a large public company to adjust worker wages beyond what the larger market supports or requires is met with protest from shareholders. They will divest from the company, invest in competitors, and fight to replace management.
The situation is systemic. Government regulation is the only effective lever here.
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now do politicians
That stat comes from only the largest 350 companies, not all companies, the vast majority of people do not work for a company that large.
Companies have grown quite considerably since 1965. Walmart, the largest company by sales today, had like 8 locations or something in 1965.
The Walmart CEO, with all their bonuses, earns 22¢ per week per employee. If I were a Walmart employee, the CEO earning less than a penny every hour I work, wouldn’t bother me, as it certainly wouldn’t change my life. I’d be curious to go back to 1965, I’d bet CEOs earned more per employee than they do today.
In 1965, GM was the largest company by sales at $17B, with about 300,000 employees. Today, the largest is Walmart with $650B in sales, with 2,100,000 employees.
“Nobody gets seconds until everybody gets a plate!”
-Grandma
And ol’ gormless Bernie has been in congress for decades while it happened.
We could be in a new golden age if CEOs and companies paid their fair share in taxes and wages.
351X more valuable is the metric that matters. A bad ceo tenure kills the company everyone else is replaceable.
Granted there are some shitty ones out there but quality management is worth every penny.
The Employee-to-Executice earnings ratio is important here.
Any attempt by a large public company to adjust worker wages beyond what the larger market supports or requires is met with protest from shareholders. They will divest from the company, invest in competitors, and fight to replace management.
The situation is systemic. Government regulation is the only effective lever here.