It is disgusting to see them paying themselves more and more each year while reducing employee compensation. Greedy ba----ds.
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So EM Executives save 5million by replacing HC10’s with curries, then pay themselves millions in bonuses, so EM breaks even.
If a Currie can perform the same work as an HC10, then half our VP’s should be curries.
@OP sorry you feel that way.
@a1 This is actually a pretty simple mindset change. He is no longer being paid for his labor. The workers are paid for their labor and their time. He is being paid for his scope, judgment, accountability, allocation, and influence.
His decisions can redirect the work of hundreds or thousands of people, move enormous amounts of capital, determine what gets funded and what gets ki-led, decide who gets hired and promoted, and shape whether the organization functions well or miserably. That is the job now. If he still believes his paycheck should correspond to how much labor he personally performs, of course the money is going to feel wrong. He hasn't figured out yet that he changed jobs. He's not being paid to do more work. He's being paid more, because his decisions have more impact.
@at I have no problem with capitalism. We had capitalism decades ago and the pay gap between executives and workers was nothing like it is today. Greedy executives hiding behind this line of it is just capitalism and our compensation surveys tell us we should keep rocketing up executive compensation while paying employees less l. Total BS.
Well, that'd be capitalism. There isn't much that's inherently moral about it, but it does pull people out of poverty, particularly when people have opportunities and are willing to work hard.
The nature of the system is that whoever controls capital - and I mean controls, not necessarily owns - tends to receive a disproportionate share of the rewards.
Your other option is some form of socialism or communism, but even there you have people who control capital and the means of production. So the system becomes skewed there as well, except historically you tend to get less economic growth and less wealth creation.
Now look at what China is doing. The state maintains control over the people who control capital and periodically redistributes some of the resulting wealth to the broader population. Many people accept the tradeoff, even though they don't have the same freedom to speak openly or challenge the government.
We're moving in almost the opposite direction. The people who control capital have been accumulating more economic and political influence while capturing an ever-larger piece of the pie. Not surprisingly, the grunts aren't happy.
I'd rather be free than rich, but that's just me.
You can see a significant part of the country drifting toward political extremes, both left and right, because the extremes promise they can fix this imbalance.
And no, I don't think they will.
We're going to have an eventful few decades.
A friend of mine just made executive and is having a crisis of conscience. The jump in pay was massive and he said he is doing much less work and the work he is doing he doesn’t see value in. He told me he feels dirty. I suppose he will lose his conscience soon.