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What about people receiving astronomically high wages that vastly outstrip their labour value?
by dwroberts 19d ago
What about people receiving astronomically high wages that vastly outstrip their labour value?
- hnfong 19d agohttps://en.wikipedia.org/wiki/Whataboutism https://en.wikipedia.org/wiki/Whataboutism
- downrightmike 19d agoSmall minds think alike
- astr0n0m3r 19d agohttps://en.wikipedia.org/wiki/Ad_hominem https://en.wikipedia.org/wiki/Ad_hominem
- dwroberts 19d agoThe thing is, what I’m asking about is not unrelated. It is the inverse situation - which curiously nobody seems to care about. And I say ‘curiously’ with some sarcasm, because it is very obvious why the focus is always disproportionately on needing to justify minimum wages for the poor, normally with ridiculous economic value arguments, but not extreme wages for anyone else - which is apparently fine and has zero negative consequences
- tt24 19d agoIt's pretty simple - it doesn't bother me if a company decides to pay a worker a lot of money. They could decide to pay their CEO a trillion dollars and it would have zero effect on me. However, the government mandating a certain wage has a tremendous effect on me.
- hn_acker 18d ago> They could decide to pay their CEO a trillion dollars and it would have zero effect on me. > However, the government mandating a certain wage has a tremendous effect on me. "the government mandating a certain wage" is the definition of minimum wage in this thread. If you are not a minimum wage worker and would not become a minimum wage worker after an increase in the minimum wage, why and how does that have an effect on you, and why would an increase in an executive's salary (multiple orders of magnitude more than minimum wage, and annually increasing in orders-of-magnitude higher dollar amounts than minimum wages do) not have a similar or greater effect on you?
- diogocp 19d agoThe fact that someone is willing to pay them that much suggests that your valuation of their labor is not universally shared.
- conception 19d agoThis does not account for collusion.
- EdwardDiego 18d agoAnd for some strange reason, the person you're replying to is _not_ one of the highly paid executive remuneration consultancies. Gee, wonder why they only accept advice from people that tell them to give executives more money?
- tt24 19d agoWhat does this have to do with my comment? Please don't bring up random unrelated stuff, you're welcome to add a top level comment for that.