I believe this is more than 10 years old now which means wealth distribution would be slightly more concentrated in the hands of the few and there would probably be a couple more Asians as well.
Speaking of wealth distribution, how about this bullshit: Dr. Pepper/Snapple made $550 Million dollars in profits last year, their CEO made $6.5 million and is telling the Mott's employees in Williamson, NY that they have to take a $1.50 hr pay cut and a pension freeze. Of course, every Republican would applaud this as a fine example of capitalism.
Yes that's right, the CEO makes $6.5 million per year and says workers making $23,000 per year make too much. For those anti-people, anti-worker, pro-rich, pro-corporation Republican and Libertarians out there, how do you determine that $6.5 million isn't too much but $23,000 is too much? I'm not even arguing against $6.5 million per year since he is obviously running a productive, profitable corporation (of which he could not do without the plant workers), but to say that the workers making your food products make too much??? That takes balls! I'm just wondering what disgruntled workers in the food industry could possibly put in a can of apple sauce if they were being treated unfairly?? Egh.. I don't even want to think about it.
5 comments:
"For those anti-people, anti-worker, pro-rich, pro-corporation Republican and Libertarians out there, how do you determine that $6.5 million isn't too much but $23,000 is too much?"
If it is a private company, it is up to the investors and those running the company. It's really nobody else's business.
Whether or not the food workers make too much is determined as in any such situation. If you paid them less, would they stay and would the work be as good? If yes, then they are paid too much. The same is true of all workers, including the CEO.
If when you pay them less, things go bad, tnen they weren't paid too much.
So you are saying the CEO wouldn't stay if he was only paid 5 million?? Well, hes being paid too much.
The stock holders have no say in the pay of a group of workers in NY.
Anyone else notice the
widening wealth distribution gap is approaching that of 1929?
Regarding "It's really nobody else's business."
..except the customer.
You remember the customer?
Back when I started working, the company mission statement started with the customer. Over the years the shareholder became top priority: long term thinking was pushed aside for MBA crap, dicing the books and phonying up some quarterly report.
Accountants and lawyers
replaced machinists, skilled workers, even
scientists. Next, we sent those jobs overseas.
Damn, I'm glad I retired!
Of course now your the enemy because you probably have a pension. It's ok, we make money out of nothing now. Invent it right out of thin air; it's called fractional reserve banking.
I guess I am the enemy: social security/pension..like my father and grandfather.
The right seems to require enemies, but fellow Americans?
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