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I have been personally harmed by capitalism.
This poll is closed.
Agree 73 80.22%
Disagree 18 19.78%
Total: 91 votes
[Edit Poll (moderators only)]

 
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Owlofcreamcheese
May 22, 2005
Probation
Can't post for 9 years!
Buglord

quarantinethepast posted:

Where did you get that info from? The exact number is irrelevant but a stat to show the concept of surplus labor in action could be helpful in arguments.

CEO salaries are pretty low. Jeff bezo has a salary of 88,840 a year. It's just that wages are not how CEOs are paid anymore.

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Inferior Third Season
Jan 15, 2005

quarantinethepast posted:

Where did you get that info from? The exact number is irrelevant but a stat to show the concept of surplus labor in action could be helpful in arguments.
I just googled "CEO to worker pay ratio", and this came up saying it was 351 to 1 in 2020.

$1/351=$0.002849=0.28 cents

I admit I know nothing of this particular source, but I have seen similar numbers before. I remember reading some stories like "CEOs earn in a day what the average worker earns in a year" back when it was around 260 to 1 (the number of working days per year).

Owlofcreamcheese posted:

CEO salaries are pretty low. Jeff bezo has a salary of 88,840 a year. It's just that wages are not how CEOs are paid anymore.
The link I posted says it includes stocks and other compensation, with an average CEO pay of about $24 million. Which is stupid high, but not Musk or Bezos stupid. But it does mean that for a worker to accurately say "boss makes a dollar, I make a dime", they need to be earning about $2.4 million per year.

Inferior Third Season fucked around with this message at 23:15 on Feb 8, 2022

Harold Fjord
Jan 3, 2004
Lmao.

It's .28 cents. I kept reading it as 28c or
$0.28. Which seemed high.

Trollologist
Mar 3, 2010

by Fluffdaddy
I have to pay to rent movies. And so for internet.

TheSlutPit
Dec 26, 2009

Even when I worked at the local zoo, which is a nonprofit corp essentially responsible for managing a public land grant, the CEO made well over 10x what the lowest paid employees made. “Boss makes a dollar I make a dime” is unthinkably equitable in modern capitalism outside of maybe a sandwich stand with 10 employees total.

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Mafic Rhyolite
Nov 7, 2020

by Hand Knit
Boss made a dollar
Grandad made a dime
But that was poem from a simpler time

Boss made a thousand
Gave pa a cent
But that penny paid the mortgage
Or at least it paid the rent

Now boss makes a million
And doesn't give us jack
Smugly blames the workers
For the labour that he lacks

(USER WAS PUT ON PROBATION FOR THIS POST)

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