Posted on 04/03/2008 6:53:58 PM PDT by Tennessee Nana
Hum. Two sides of it. I think a man should be content with a livable wage and should get reasonable wages for his labor. Should the man or woman cutting the material for the recliners be paid $30 an hour? No. Should a CEO be paid in 8 digit figures plus fringies? No actually there is no reason any CEO should draw more than an upper 6 figure annual income. Anything over that is simply ripping off shareholders. It's called greed.
Greed drives a CEO through bonuses given him to earn a bigger bonus by stabbing the very ones who's labor established the companies reputation by closing down their place of employment. Companies like to demand loyalty. Few anymore feel a moral obligation to return the same to their employees. That isn't Marxism it used to be called good old fashioned business ethics that were established long before Marxism and had served our nation well for nearly 200 years. Money isn't the root of all evil but rather the love of it which distorts a person to where they harm others to obtain it is.
To say the labor environment is hostile to corporate profit here just doesn't add up. There are several counties where people will be very happy with $8 an hour jobs. My last job before retirement was a maintenance mechanic in a health care facility. I made $6.25 an hour and I was well skilled in HVAC, electrical, and plumbing. I had been there 5 years and that was in 1994. My highest paying job was $8 an hour in 1982 at the Worlds Fair doing the same.
Logic says if companies are now even moving out of Tennessee which is one of the most industry friendly states then this nation is being had and our government condones it and offers incentives as in no penalties {tariffs} for returning the off shored production back to the U.S. We can not survive long as a nation without producing a majority of our own consumption internally. In doing so we will soon become someones slave. So which nations now owns our debt?
You seem to be misinterpreting my most recent post to you -- but at least you are putting your best interpretation of my statements in the reply, so hopefully we can find what we disagree on and why...; and if there is common ground as well.
Cheers!
"Obfuscator" is found as a valid entry in Mirriam-Webster online (www.m-w.com)...and it tells me that "obfuscater" is wrong.
Let's write that one off to Bill Gates or the vernacular seeping in (in either direction). And yes, I admit that it sounded more snarky than I actually meant it.
'Till the morrow.
Cheers!
“I think a man should be content with a livable wage and should get reasonable wages for his labor. Should the man or woman cutting the material for the recliners be paid $30 an hour? No.” -
why not? who gets to decide that $30/hr is too much? A government committee? You? Some “experts”? Why not make the minimum wage $50/hr?
“Should a CEO be paid in 8 digit figures plus fringies? No actually there is no reason any CEO should draw more than an upper 6 figure annual income. Anything over that is simply ripping off shareholders. It’s called greed.”
Why 8? Why not 2? Who decides what is reasonable? You? The public? The government? The shareholders? Why not let the shareholders decide what is reasonable?
“That isn’t Marxism it used to be called good old fashioned business ethics that were established long before Marxism and had served our nation well for nearly 200 years.”
“Marxism had served our nation well for nearly 200 years”?
Well, that speaks volumes
“I admit that it sounded more snarky than I actually meant it.”
I think it is “snarkier”
See, I can try and be as petulant as you...but not quite, thankfully.
Most CEO's in public owned {meaning shareholder owned corporations} draw ridiculous salaries. The CEO who should be able to determine his own is a private held company usually where the CEO is also ownwer meaning it is his company. BTW in my area there is a millionaire CEO. He owns the company, pays well with good benefits, and even owns a mansion he paid cash for. He grew up living in a mobile home. He never forgot what it was like to try and make ends meet.
You think you know business. No you only know greed and think it acceptable to walk over anyone and everyone to reach your goals it seems. Some of the most successful businessmen I've known have had no problem using domestic labor only and paying a livable wage.
Thanks, but sadly your reply did not answer my questions. I am sure that you are sincere in your thoughts, but you do not understand economics and make your decisions based on emotions.
Sound like a Troll? Do you even have a clue?
“Most CEO’s in public owned {meaning shareholder owned corporations} draw ridiculous salaries” - on what do you base this statement? You sound like a bitter person, who is wrought with envy. Your Marxist theories don’t hold much water here. Why don’t you just answer my previous questions.
“No you only know greed and think it acceptable to walk over anyone and everyone to reach your goals it seems.” - actually, my employees love me. They know I am fair and treat them like family. We compete as a team.
Long story short...who decides labor rates and CEO rates...the market? or you? Who decides ratios of CEO to labor rates? In your little world, is there a committee to decide? Think about it.
“Retrained in what?”
Retrained in another job. It happens every day. Don’t be so shocked. It is the basis of capitalism.
It’s called creative destruction
http://en.wikipedia.org/wiki/Creative_destruction
For those of us around age 50 our parents did fair better for the most part. Dads worked for wages that the family could live on and mom took care of the home. In return the family was also more stable. With the opening up of labor to foreign nations the U.S. has in general suffered. Wages are lower and many if not most families these days need two incomes to pay the bills. American workers are competing with American companies who are using in some cases slave labor in other nations and bringing the goods back with the blessings of the U.S. government. Yet some call this good?
If workers ask for a decent wage {not an outrageous one} it's called greed. If corporations close up and move to China they are called good for our nation and praised by fools that think of themselves as are economic gurus. If CEO running the companies doing this draw millions in yearly salaries they too are called good. The displaced workers by the so called economy gurus are told hope you find another trade.
It's funny some will call those sounding the alarm Marxist yet they themselves will help enable and even kiss the feet of the Communist government of China for providing what amounts to slave labor or the corrupt one of Mexico send illegals here for our jobs as fast as our factories are closing down.
Placemarker.
Self-bookmark for apologetic late reply #1.
Bookmark for belated reply #3.
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