People aren’t paid for how hard they work, they are paid for the value they produce. Do CEO’s produce 350 times the value of other employees? Also probably not.
It’s not even just the value they produce, but more how difficult they are to replace. That’s why so many “unskilled” jobs pay so poorly; there’s no real need for retention, they can just find someone else.
I think this is saying the same thing. Being difficult to replace raises the value of your labor, being easy to replace lowers the value of your labor.
for reference that’d be taking a three minute break after working for 4 months without eating, sleeping or even pausing, and then working another 4 months without moving from your chair.
CEO that works*
indeed
I wouldnt have a problem if a ceo that worked 40% more and was good at leadership earned 10 or even 20 times of what a worker earns. But 360 is just absurd. And isnt that just the average?
In my opinion salary difference should always be a thing, but it should be balanced by the risk of the investment from the CEOs. Nowadays too many companies are bailed out by the government, so basically there’s no risk of running the business and huge salary for the top management. That’s an issue.
The risk of running a business? It’s not like owning a company makes you responsible for that company’s loans if the business goes under or something.
