The Entitlement Society 0
A modest proposal:
For example, if the lowest-paid worker at a company earns the federal minimum wage – currently $7.25 an hour, or an annual income of $15,080 at full time – then the total compensation for the top executive (including stock options and yachts) would be limited to about $1.5 million. If a company pays its lowest-paid worker a “living wage” – for a single mother with one child living in New York City, $19.66 an hour, or $40,893 a year – the top executive could take home more than $4 million.
By way of comparison, the current average annual compensation of S&P 500 CEOs is more than $10 million, which is more than 300 times the annual pay of the average worker in those corporations.
Fat chance.
Looking good in meetings, writing nice emails, and testifying before Congress is ever so much more worthwhile than actually producing something of value.
