this post was submitted on 24 Nov 2024
458 points (99.1% liked)

World News

39210 readers
3118 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

Summary

A survey by the High Pay Centre found that 55% of respondents support capping CEO pay to maintain a fair balance between workers and bosses.

The thinktank also recommends giving workers the right to vote on company boards and increasing transparency about top pay.

The UK government is under pressure to address income inequality, which has grown by 1.3% in 2022, with the poorest 20% experiencing a 3.4% reduction in disposable income while the richest 20% saw a 3.3% increase.

you are viewing a single comment's thread
view the rest of the comments
[–] Asafum@feddit.nl 21 points 1 week ago* (last edited 1 week ago) (2 children)

Oh oh oh I know this one!! The answer changes for this! Only I can use the "work harder" argument to suit my needs, once you turn it on me I get to say "HaRd WoRk IsNt ThE sAmE aS VaLuAbLe WoRk!!"

[–] CheeseNoodle@lemmy.world 13 points 1 week ago

Ooh ooh! And then the next one is "They deserve it because they take on all the risk"! while getting endless bailouts and complete immunity from all liability.

Thats fair enough but, for me, the problem is that one of the many things that are highly valuable is a CEO thats very good at paying everyone below them as little as possible, to maximise wealth extraction by shareholders. Valuable to who?

Of course, youd be right to say that how business works but I think its unfair to use the paygap they're incentivised to make as justification of the paygap its self. By far and away, most of the people in the world work for their money.

Personally, I have mixed feelings about this. I don't really care if someone who works harder than me and or was more successful having a bigger house and a faster car etc. I don't think those things matter as much to me and the incentive can, potentially, be put to really wholesome uses. To me, the only question is "how much more?"

The problem is the people who don't work for their money and just own for it instead. Not that you've said either way but they dont necessarily and very often don't work harder, have more experience or more responsibilities. Once you're wealthy enough, you can have nearly all of that taken care or for you.

Personally, I agree with it in the sense of at least the CEOs are working and there are bigger problems.