this post was submitted on 20 Jul 2023
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The income gap between executive and median salary employees is around 32,000%. I guess the question is, what planet do you live on where a system that allows for this kind of inequity is okay?
There are countries with way better CEO to work pay ratios. But in the USA we act like it's totally normal to have these huge wealth gaps, when in reality they are recent phenonemon and the only other era they were repeated was the gilded age which resulted in a decades long depression that was only ended by a world war.
A CEO earns 354x the income of a normal worker in the US. It's really insane what happens over there. I'm really glad a CEO in Germany only earns 154x the income of a normal worker, much more fair over here!
I'm kidding, we are all fucked. US citizen say a ratio 6.7 would be justified, Germans say 6.3.
So you're telling me i need to store a lot of canned beans in a nearby cave system?
This any many other issues with capitalism could be solved with better legislation and regulations.
The problem is getting and keeping people in power who actually want to reign in capitalism.
But then that's not capitalism. Capitalism is making as much money as possible unrestricted as much as possible. If you start doing things like putting a maximum wage in, or taxing the highest earners and giving back to the lowest, that's socialism.
But now in almost every country, the capitalists are the ones making regulations. They're not going to do it to themselves.
Which is controlled by those with capital.
Why should I give a fuck about inequity?