If there’s enough profit to turn the CEO into a billionaire, there’s also enough profit to pay the workers more. Certainly, as you’ve said, things could be worse and there’s plenty of bad examples, these workers were still being underpaid relative to the value they produced
Look, I abhor billionaires who exploit workers and people (I don’t condone the murder of the UnitedHealth CEO but i understand), but is there evidence that Chuck Feeney underpaid his staff? So far, I hear nothing. I will change my opinion when I hear good evidence against him.
But here is the more important question, do cashiers or cleaners deserve director level salary? All people deserve to earn decent wage to keep food and roof over their heads, but all this rhetoric about increasing wages because the owner is billionaire is ridiculous. Up to what level should cleaners, security guards, farmhands or labourers should be paid? Leadership roles are also administrative in nature which requires a lot of effort than most people realise. You have to organise, manage people and logistics, do meetings, conduct finances, problem-solving, do legal work, ensure compliance, and if you have a family that is already another work on its own, etc. Having done various jobs in my career, I would argue that administrative roles are harder than manual labour. This is not to diminish the importance of blue collar and labour workers, but the human brain alone consumes 20% of energy that an individual takes from food. A lot of mental work will get someone tired easily in just two hours at least. That is why college-educated folks are paid more because of the intellect required for the job. Again, this is not to undermine the role of blue collar workers, but being operator or a janitor doesn’t require as much work. I know because I have worked as blue collar and labourer. I certainly don’t expect to be paid a lot for those jobs. The pay among the low, middle and high earners should be proportional, which is why it’s important to look at the ratio of CEO pay versus the lowest
Duty Free is a private company, so the owner decides how much of the profit goes to paying the workers more. But if a person wants more equal pay regardless, there are co-operatives to work in. Everyone basically gets equal income in co-ops. I’m a supporter of co-ops but I am aware of its limitations. It may be democratically run with one vote per one person, but co-ops are known to always elect increasing their wages which could affect the net earnings and may not be able to cover the operating costs.
If there’s enough profit to turn the CEO into a billionaire, there’s also enough profit to pay the workers more. Certainly, as you’ve said, things could be worse and there’s plenty of bad examples, these workers were still being underpaid relative to the value they produced
I knew this line will come up.
Look, I abhor billionaires who exploit workers and people (I don’t condone the murder of the UnitedHealth CEO but i understand), but is there evidence that Chuck Feeney underpaid his staff? So far, I hear nothing. I will change my opinion when I hear good evidence against him.
But here is the more important question, do cashiers or cleaners deserve director level salary? All people deserve to earn decent wage to keep food and roof over their heads, but all this rhetoric about increasing wages because the owner is billionaire is ridiculous. Up to what level should cleaners, security guards, farmhands or labourers should be paid? Leadership roles are also administrative in nature which requires a lot of effort than most people realise. You have to organise, manage people and logistics, do meetings, conduct finances, problem-solving, do legal work, ensure compliance, and if you have a family that is already another work on its own, etc. Having done various jobs in my career, I would argue that administrative roles are harder than manual labour. This is not to diminish the importance of blue collar and labour workers, but the human brain alone consumes 20% of energy that an individual takes from food. A lot of mental work will get someone tired easily in just two hours at least. That is why college-educated folks are paid more because of the intellect required for the job. Again, this is not to undermine the role of blue collar workers, but being operator or a janitor doesn’t require as much work. I know because I have worked as blue collar and labourer. I certainly don’t expect to be paid a lot for those jobs. The pay among the low, middle and high earners should be proportional, which is why it’s important to look at the ratio of CEO pay versus the lowest
Duty Free is a private company, so the owner decides how much of the profit goes to paying the workers more. But if a person wants more equal pay regardless, there are co-operatives to work in. Everyone basically gets equal income in co-ops. I’m a supporter of co-ops but I am aware of its limitations. It may be democratically run with one vote per one person, but co-ops are known to always elect increasing their wages which could affect the net earnings and may not be able to cover the operating costs.