You know I'm wondering and maybe I have it wrong.
2 people
person 1 makes 100$ a day
person 2 makes 1,000$ a day
Lets say you decide you will pay... er force business's to pay person 1 10$ more a day... Whelp, you have to pay the 1,000$ a day person 100$ more a day to be fair by %.... While I understand this logical scenario can't exists in the mindless progressive welfare group of bitching babies (because one would be *too* well off, unless they are a Democrat).. Just pretend one person makes 85$ a day and the other makes 190$ a day. It would DESTORY an employer to give people more money for less time if they make any real money.
You are Libertarians so I'll be easy on you and tell you that this scenario already exists, only backwards. The average CEO is paid 331 times as much as the worker. 774 times as much as a minimum wage worker. Do you think that a CEO works 774 times harder at work? Or have you figured out that Capitalism relies on convincing people that they need to work for less. If you haven't figured out that Wal-Mart and McDonalds could be paying their team more by now, you are bias and will never learn. (Note, this doesn't mean we should raise minimum wage, just means Corporations should see workers as part of the team that earn their profit.)
That's not true at all. And no, they couldn't be paying their people more, and it's not because of ideology, it's because of MATH.
Let's say that I open a store, and I'm making a mere $50,000 off my store. Meanwhile my employees are earning average wages for that store.
Now I can't pay them more, without paying myself less, which I'm not going to do because I only earn $50,000.
But.... if I take my income, and invest it into opening a second store... the economics, and wages, and income of the second store will be exactly the same, with one exception. I can't be at both stores at the same time, so I have to hire a manager to run the second store.
So I hire a manager for $40,000, and that eats up all but $10,000 of what would be my profit.
Thus my income now is $60,000, and how much less must I pay my employees? No less. They don't have to earn a penny less than when I earned $50,000.
Say I open 50 stores. Now my income is $550,000 a year. How much less must I pay my employee? No less. Their wages do not have to fall at all, for my wages to go up.
Yes, my income is now several times larger than my lowest paid employees, but it's not because I'm working harder, it's because I invested more wisely.
MATH people. Basic math tends to blow away all leftard crap.
"Well if the CEO of Walmart was paid less, they could pay employees more!"
Really?
C. Douglas McMillon CEO of Walmart will earn $25.2 Million.
$25.2 Million divided by 2.2 Million employees is.... $11.45. That's per employee, per year. $11.45. That's one half of a penny per hour.
Yeah, that's going to change those employees lives, right? Oh wait, here in leftard land, where we don't use math, cutting CEO pay really would fix everything, because we leftists are too stupid to use a calculator.
Donald Thompson, CEO of McDonald will earn $9.5 Million.
$9.5 Million divided by 1.8 Million employees is... $5.27. That's per employee, per year. That's 1/4th of a penny per hour.
Again... leftists ideology is based on the inability of people to use a calculator.
But it does not even end there. That $25.2 and $9.5 Million dollar income, isn't even cash. Most of that is stock options.
Do you people understand how compensation through stocks is done? The company doesn't pay you with money. They pay you with stock. You can then sell the stock on the open market. When a company gives stocks to it's CEO, that stock doesn't cost the company anything. That's why they do that. The only one giving the CEO money, is the person on the market who buys the stock from the CEO, should the CEO choose to sell it.
Douglas McMillon got $23 Million all in stocks.
Donald Thompson got $6.5 Million all in stocks.
That doesn't cost the employee anything. The employee is not earning $23 Million, to give to the CEO. Nor could you pay employees with stocks, mainly because they wouldn't want them. Do you want to end up with a paycheck of stocks, which you would then have to hire a stock broker to sell, which might end up being less on the market than how much your cash pay check was supposed to be?
Of course not. So even if we did confiscate the stock compensation of the CEOs, the employees wouldn't want it.
Douglas McMillon got $2 Million in cash.
Donald Thompson got $3 Million in cash.
$2 Million divided by 2.2 Million Walmart employees is 90¢ per employee per year.
$3 Million divided by 1.8 Million McDonalds employees is $1.60 per employee per year.
The moment a leftist learns how to use a calculator, he'll grow out of being a moronic leftist.