ONe pretty big reason for our economic issues

Nov 2009
3,526
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Flower Mound, TX (In the basement)
What someone freely negotiates for pay is your business, how?

If you like that pay, then compete for that job.
 
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Nov 2010
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What someone freely negotiates for pay is your business, how?

If you like that pay, then compete for that job.
typical non answer talking point from the right that does nothing to address the problem. when the countries economies crumble while all the wealth goes to fewer and fewer, people are without health insurance and jobs, whlie the CEOs make absurd amounts of money and companies still making good profits, that's a problem that is our business. When the money these fat cats make influences politics and policy, and allows our gov't to give them tax breaks or bailout money, when they are making a killing while we all suffer and our debt goes through the roof, that is of everyone's concern.

throughout human history, even in this country prior to the Great Depression, there is always problems with a few control most of the wealth. When the disparities between rich and poor are so great. This is proven time and time again wiht pretty much every civilization on earth
 
Oct 2007
2,136
682
Utah
Going for Broke – Will Legislate For Food | The Middle of the Road

Particularly this graph


I mean seriously, CEO salaries are out of control. People not getting raises, getting benefits cut, salary not increasing with inflation, its no wonder why we are having a dwindling middle class and people have to work longer and longer hours for less money
While this is an issue, I don't see it as a big reason for our economic situation. If that were the case, then the European countries would not be in a similar position as the US economically.

I think we need to look at the causes of this disparity. Here was a great read on this:
Signup - Knowledge@Emory
Knowledge@Emory: What’s created this dynamic?
Rajgopal: If you're worried, as many CFOs and CEOs are, of being kicked out, you’ll ask for more money upfront. In Japan or Korea, the implicit understanding is, look, even if you screw up for awhile, it's okay, because products take a long time to materialize, and maybe the long-lead projects are the ones where we will make more money in the future.
...
Knowledge@Emory: Does this kind of short-term thinking have other consequences?
Rajgopal: You can frame the whole financial crisis in terms of corporate short-termism, from top to bottom. CEOs typically have tenures of four or five years. If you ask them how long they expect to stay, they would likely say less than six years. I saw a CFO.com survey which showed that a CFO's expected tenure is four and a half years, which boggles my mind. How can you do anything in four years?
...
Knowledge@Emory: Do investors take a longer view than employees?
Rajgopal: Not at all. Most investors now think quarter to quarter.
This has a corrosive effect on some companies. I’ve asked CEOs and CFOs, “why do you really care about short-term stock price changes?” They say, “oh, we get so much flack. In a conference call, analysts are going to beat us up if the price has fallen 5 or 10 percent if you miss a forecast. There's so much negative press, eventually it snowballs and people start calling for our head.”
So, executives are in it for the short-term. Investors focused on short-term gains, quick money, have helped create this situation. I think this is a reflection of how we are as a society. Too many are looking at get-rich quick schemes.
 
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Jul 2011
36,166
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Tennessee
Jun 2007
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167
typical non answer talking point from the right that does nothing to address the problem. when the countries economies crumble while all the wealth goes to fewer and fewer, people are without health insurance and jobs, whlie the CEOs make absurd amounts of money and companies still making good profits, that's a problem that is our business. When the money these fat cats make influences politics and policy, and allows our gov't to give them tax breaks or bailout money, when they are making a killing while we all suffer and our debt goes through the roof, that is of everyone's concern.

throughout human history, even in this country prior to the Great Depression, there is always problems with a few control most of the wealth. When the disparities between rich and poor are so great. This is proven time and time again wiht pretty much every civilization on earth
total crap, just total crap.
 
Feb 2010
35,101
25,244
between Moon and NYC
typical non answer talking point from the right that does nothing to address the problem. when the countries economies crumble while all the wealth goes to fewer and fewer, people are without health insurance and jobs, whlie the CEOs make absurd amounts of money and companies still making good profits, that's a problem that is our business. When the money these fat cats make influences politics and policy, and allows our gov't to give them tax breaks or bailout money, when they are making a killing while we all suffer and our debt goes through the roof, that is of everyone's concern.

throughout human history, even in this country prior to the Great Depression, there is always problems with a few control most of the wealth. When the disparities between rich and poor are so great. This is proven time and time again wiht pretty much every civilization on earth
Think Christopher offered a pretty good explanation for how those disparities may come about.

What do you propose should be done to "address the problem".....??