What if manual labor e.g. janitor was the highest paying, and CEO was the lowest paying but people still wanted to be CEO's for the sheer joy of being the boss and making the rules?
Sounds crazy but I just wanna hear comments from you guys
2007-12-18 02:45:12 · 10 answers · asked by Allergic To Eggs 6 in Social Science ➔ Economics
Eric K: It's not an "idea" ...... it's a jumping off point for discussion which leads to other discussions
2007-12-18 04:50:25 · update #1
Well as a matter of fact there's a passage in the New American Bible, concerning just that, and as many here say, - "That won't ever happen" - (the reason you may find it in) ,The Book of THE LETTER OF JAMES,Chapter: 5 verses 1-6 belive it or not!
2007-12-18 09:08:24 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It will never work, why would you want the stress, traveling, and all the unpaid overtime to get only paid a janitor wage.
The reason they are paid so much, even though some are overpaid, in the real world is that they have special talent to make the company money, therefore, the stock owners make money. I don't think anyone want get paid janitor wage just to be a boss.
But the sad thing is that because news like to present the bad rich and the good poor. They only give the news on the CEO when they failed a company and get paid millions for severance pay. But news never talk about the hard working CEO that makes money for the stock owners and company.
But that will never happen. But you never know, maybe when the liberal democrat is in charge again, that might happen, because everything they do is As$ backward.
2007-12-18 13:52:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Well theres a reason why CEOs make more then janitors. The high CEO pay is what is required to get enough people to work as CEOs. Its a natural market equillibrium. Shareholders dont want to pay CEOs more then they have to, but if they pay less, then not enough will work.
Yes there may be a few people who work as a CEO just for the enjoyment of it, but the fact that the market rate is what it is, says that thats not how the majority of people think. If the majority of CEOS were willing to do their job for less money, then there wage would not be as high.
The inverse is true for janitors. A lower wage is required to induce enough people to become janitors. The job doesnt sound as appealing, but it is a lot easier to become a janitor then a CEO, and therefore more people are able and willing to do, relatively speaking.
2007-12-18 11:13:12 · answer #3 · answered by tv 4 · 1⤊ 0⤋
i'd rather have the money so if i had to choose i would be the janitor...there is nothing wrong with earning an honest days wage....ceos are paid for their education and knowledge in most instances but it doesnt necessarily make a laborer ignorant nor does it mean that a ceo gets any great deal of satisfaction from the job they perform daily
2007-12-18 11:43:45 · answer #4 · answered by cookiesmom 7 · 0⤊ 0⤋
In many socialist/communist societies, all workers get paid close to the same wage. For instance, janitors would get paid a wage similar to doctors. Due to the market, those doctors who had the opportunity fled those societies for the west/ rest of the world, where they could make a decient living. If your situation came true, I believe that the same would happen: the CEOs would gravitate to where they could make a decient wage commensurate with their talents, and the market would equalize itself.
2007-12-18 11:59:17 · answer #5 · answered by pobept 2 · 0⤊ 0⤋
Dumb idea...
If all of a sudden everyone (meaning non-CEO types which is most of us) had access to millions of dollars it would trigger massive price inflation to the point where $50 million would have the same purchasing power that $50K currently has...
Even the Communists (who believed that a society operates best when all wealth is equally distributed amongst its citizens) didn't go as far as you just suggested. Moreover, history has unequivocally shown that anything we have been able to concoct other than the free market is doomed to fail and subjective its citizens to abject misery.
2007-12-18 12:03:24 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Get rich quick schemes in the capitalist business world, (buyouts, IPOs, conglomerates, acquisitions, mergers, and the stock market), do not actually work. Remaining solvent does not actually exist within false economics capitalism.
Profit existing in the capitalist business world, or millionaires existing within capitalism, is pathological deception committed by the 21 organizations spying on the population with plain clothes agents, (with covert fake names and fake backgrounds).
Actual economics is the persons paying the monthly business loan payments of companies voting at work in order to control the property they are paying for.
Capitalism is the psychology of imaginary parents, false economics, and the criminal deception of employees that are paying the bills (including the stocks and bonds, or shares) of companies.
Anti-democracy republicanism is the psychology of imaginary parents, and false government.
2007-12-18 12:50:52 · answer #7 · answered by Anonymous · 0⤊ 0⤋
The question should be, how should the pieces of the pie be divided more equitably? Obviously CEO's should be paid for their expertise, knowledge, and ability. They should not be paid many multiples of what the people who produce the company's product are paid.
2007-12-18 11:42:44 · answer #8 · answered by Pinyon 7 · 0⤊ 0⤋
That would only be possible in a time or place where the laws of economics did not apply. Another planet? Alternate/parallel universe, maybe?
2007-12-18 14:00:07 · answer #9 · answered by ~♠♥CJ♥♠~ 6 · 1⤊ 0⤋
I realy like your idea Allergic to Eggs. Let us PEONS get the good pay.
2007-12-18 11:37:14 · answer #10 · answered by flowwer_1371 5 · 1⤊ 0⤋