creating huge amounts of wealth is good

[Jim in CT]

Originally Posted by Pete F.

From 1978 to 2020, CEO pay based on realized compensation grew by 1,322%, far outstripping S&P stock market growth (817%) and top 0.1% earnings growth (which was 341% between 1978 and 2019, the latest data available). In contrast, compensation of the typical worker grew by just 18.0% from 1978 to 2020.
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if you really want what the ceos have, do what they did and you’ll
have it. whiny and jealous.
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[scottw]

[Pete F.]

Originally Posted by Jim in CT

if you really want what the ceos have, do what they did and you’ll
have it. whiny and jealous.
Posted from my iPhone/Mobile device

Simple isn’t it

Implications of the growth of CEO-to-top-0.1% compensation ratio.
The fact that CEO compensation has grown far faster than the pay of the top 0.1% of wage earners indicates that CEO compensation growth does not simply reflect a competitive race for skills (the “market for talent”) that also increased the value of highly paid professionals: Rather, the growing pay differential between CEOs and top 0.1% earners suggests the growth of substantial economic rents (income not related to a corresponding growth of productivity) in CEO compensation. CEO compensation appears to reflect not greater productivity of executives but the power of CEOs to extract concessions. Consequently, if CEOs earned less or were taxed more, there would be no adverse impact on the economy’s output or on employment.
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[Jim in CT]

Originally Posted by Pete F.

Simple isn’t it

Implications of the growth of CEO-to-top-0.1% compensation ratio.
The fact that CEO compensation has grown far faster than the pay of the top 0.1% of wage earners indicates that CEO compensation growth does not simply reflect a competitive race for skills (the “market for talent”) that also increased the value of highly paid professionals: Rather, the growing pay differential between CEOs and top 0.1% earners suggests the growth of substantial economic rents (income not related to a corresponding growth of productivity) in CEO compensation. CEO compensation appears to reflect not greater productivity of executives but the power of CEOs to extract concessions. Consequently, if CEOs earned less or were taxed more, there would be no adverse impact on the economy’s output or on employment.
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Waah waah waah.

Why do you care? What harm are they doing you? They're easing your tax burden, that's all they're doing. That, and keeping HUGE numbers of us employed.

You like to poke fun at me because I took a demotion. You know why I did it? Because while I'll never have as much as many, I have something that those CEOs will never have.

I have enough. It's an amazing feeling. It's nice to not give a rats azz about what anyone lese has. It's a lot healthier than being jealous of what a tiny, miniscule number of people have.