this post was submitted on 26 Jan 2024
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[–] Wanderer@lemm.ee -2 points 11 months ago* (last edited 11 months ago) (1 children)

How many people know why CEO's get paid what they do?

A lot of it is they are actually worth more than me and you.

But the main thing that made CEO wages increase is that a law was passed for CEOs wages to be made public to discourage high wages. When that happened they competed against each other and the wage inflated.

Currently the negotiating position of businesses is far higher than that of workers because they are scared of not having a job/ don't know what they are worth. The workers need public salaries. But like a lot of things in this world the workers vote against their own interests.

I'm not really sure how to fix that. But I'm starting to feel like someone really needs to try.