Pemalite said:
Rab said:
This sounds all very defeatist, just accepting this unfair situation as being normal
Unions and employment laws exist for a reason, back at the beginning of the industrial revolution workers including many children were paid and could leave (not slaves) but were terribly exploited by the owners and managers, we live in a better working world today because people had so called "pity parties" to bring up and fight against these issues that for many was just normal business at the time, but some outstanding/brave people said 'that is not good enough', now we have a new normal, and even though better, it's still not good enough, we are an evolving society
I also stand up for what I believe in
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It's not defeatist.
It's called turning it into an opportunity to use that work experience to open up new opportunities, it's turning it into a positive, not a negative.
You are being a dippy downer about it all, gotta' stop the pity party train and catch the next bus at some point in life, we all eventually do it.
benji232 said:
IT'S a plainly obvious problem if a CEO is allowed to make 200M$ from a bonus payment while his employees are all making peanuts. If you can't see the problem with that, then I don't know what to tell you. Obviously, I'm not saying everyone should be paid equally, but there is a fine line between being paid equally and being paid literal crumbs compared to the ceo.
Point blank is NO one deserves 200M$ from a bonus. The fact that so many ceos DO get those grossly huge overpayments is proof that the current system is broken.
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That's capitalism.
It is what the market (Job market is a market) is willing to pay for that particular skillset and experience.
If you wish to make $200 million from a bonus, you are free to work yourself up the ladder and offer a compelling equivalent resume in terms of qualifications and experience that would offer such an opportunity.
If you don't wish to do so, then don't hold others back due to your own lack of motivation or desire or force your ethics onto others.
Otherwise, why would anyone bother to strive to succeed in certain fields if we are all paid the same? It's an incentive. Money makes the world go round.
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Thanks for the Macro class 101, anything else you want to teach me? You taught an economics PHD student a whole lot!
Have you ever heard of a certain concept called externalities that can cause distortions in the market equilibrium leading to inefficient market equilibrium wages?
Do you want me to link you to a few research papers so that you can perhaps educate yourself a bit more before making a fool out of yourself?
The system is broken, and me pointing it out doesn't mean I'm some lazy ass who refuses to work. The only lazy person here is you for thinking 101 economics fundamentals was enough for justifying your dumbfounded argument.
Edit: Here is a research paper talking a bit about the diminishing marginal utility of wealth: (PDF) The Value of Behavioral Economics for EU Judicial Decision-Making (researchgate.net)
Last edited by benji232 - on 22 March 2021
