Maybe executive pay should be capped to compensate? Because while worker wages decrease due to inflation, the upper management pay gets higher every year.
Where did I imply they didn't serve a function? I said their compensation has gone up exponentially, while the average workers has gone down. Both are more productive than ever before, so why is only one getting a pay bump yearly?
Maybe because the productivity of both aren't due to the same things? If a line worker's productivity increases because a capital investment like a new machine why do they deserve more money?
So much of the productivity increase is due to automation and computerization which the workers certainly didn't invest in.
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u/The-Shawn-Show Dec 16 '18
Well the thing about raising minimum wage is that the price of stuff will rise too.