CDZ Federal government furloughs should be permanent.

Discussion in 'Clean Debate Zone' started by MarathonMike, Oct 16, 2017.

  1. rightwinger
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    The Army Corps of Engineers has a major impact on our infrastructure. Many state and local governments are incapable of filling the void
     
  2. task0778
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    task0778 Silver Member Supporting Member

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    The average CEO does not make 300 times the pay of the average worker. Actually, the last I looked it was only about 4 times as much.

    The Clinton campaign did not respond to our inquiry about the statement, but the campaign told the Washington Post Fact Checker that Clinton got the statistic from a study by the left-leaning Economic Policy Institute. According to the EPI study, released in June 2014, average compensation for CEOs of the top 350 U.S. firms in 2013 was $15.2 million. That’s 295.9 times higher than the compensation paid to the typical workers at those firms, the study concluded. By comparison, the ratio was 20-to-1 in 1965 and grew to a peak of 383.4-to-1 in 2000. When considering CEO compensation, EPI considered salary and stock options as well as “bonuses, restricted stock grants, and long-term incentive payouts.”
    But that study only looked at the CEOs of the top 350 U.S. companies. That represents a fraction of the CEOs in the U.S. In April 2013, Bloomberg looked at the Standard & Poor’s 500 Index of companies and found that “the average multiple of CEO compensation to that of rank-and-file workers is 204, up 20 percent since 2009.”

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    In fact, the Bureau of Labor Statistics reports that there were 246,240 chief executives in the U.S. in May 2014 (a little less than 1 percent of all workers). The median annual wage of those executives was $173,320 (the average wage was $180,700). That’s a little less than five times the median annual wage for all workers, including chief executives, which was $35,540 then. (The ratio is closer to 4-to-1 if comparing the average wage of CEOs to the average wage of all workers, $47,230.)
    The BLS data are wages and not total compensation, which can include items such as stock options, bonuses and benefits. So this isn’t an apples-to-apples comparison with the figures from the EPI report, but it is further evidence that when all CEOs are included, the pay disparity is far smaller than that cited by Clinton.
    Drilling down, the mean wage for the 21,550 chief executives at “management of companies and enterprises” was $216,100. The ratio for these executives is closer to 4.5-to-1 if considering average pay. (We were not able to exclude chief executive pay from the BLS data on all workers; if we could, the disparity between chief executive pay and that of all other workers would likely be larger.)
    In other words, the “average American CEO” earns far less than the average CEO at the biggest 350 firms, and the ratio between the pay of the “average American CEO” and the average American worker is far smaller than the figure cited by Clinton.



    Clinton Misuses Stat on CEO Pay - FactCheck.org
     
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    Last edited: Oct 24, 2017
  3. rightwinger
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    [​IMG]
     
  4. task0778
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    task0778 Silver Member Supporting Member

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    Kinda cherrypickin', aren'tcha? What about the other 246k or so CEOs out there? Say you go after those 350 CEOs, do you really think it'll make a damn bit of overall difference?
     
  5. rightwinger
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    Depends what you consider a "cherry"

    Your statistics are flooded with quasi-CEOs who are responsible for corporations with less than a 100 employees
    They carry a CEO title but not CEO responsibilities
     
  6. Dekster
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    Dekster Gold Member

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    You get $75K a year and get 12 extra days off a year for that $75K a year. It would encourage more people to sign onto the payrolls. If you want to lower costs, you have to lower salaries and not try to do symbolic things that would make no net difference.
     
  7. rightwinger
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    You think someone raising a family ENJOYS unpaid leave?

    Those unpaid days cost you $3500 a year
     
  8. Dekster
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    Dekster Gold Member

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    The reduce their number of hours worked per year and lower their salary from the beginning instead of this nonsense.
     
  9. rightwinger
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    So you end up with a partial workforce and have to schedule furlough days where they least impact the mission
     

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