this post was submitted on 09 Dec 2024

258 points (97.1% liked)

Work Reform

10132 readers

725 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

All workers must be paid a living wage for their labor.
Income inequality is the main cause of lower living standards.
Workers must join together and fight back for what is rightfully theirs.
We must not be divided and conquered. Workers gain the most when they focus on unifying issues.

Our Goals

Higher wages for underpaid workers.
Better worker representation, including but not limited to unions.
Better and fewer working hours.
Stimulating a massive wave of worker organizing in the United States and beyond.
Organizing and supporting political causes and campaigns that put workers first.

founded 2 years ago

MODERATORS

seeCseas@lemmy.world

tintory@lemm.ee

TinMod@lemmy.world

258

CEO to Worker Pay Ratios for S&P 500 Companies (mander.xyz)

submitted 1 week ago by FenrirIII@lemmy.world to c/workreform@lemmy.world

29 comments fedilink hide all child comments

cross-posted from: https://mander.xyz/post/21637355

all 30 comments

sorted by: hot top controversial new old

[–] partial_accumen@lemmy.world 36 points 1 week ago (1 children)

Be cognizant of the impact of ratios at work here, Google's parent company Alphabet looks pretty good with only 29:1, but that is because its median worker pay is so high comparatively. I'm also seeing Accenture on the "naughty" list at 1526:1 but that could be because Accenture has a significant employee base in lower income countries (such as India) while its CEO is in a high income country. It may not be indicative of equal standards of living for where each resides.

[–] Maggoty@lemmy.world 7 points 1 week ago

Aptiv is another global company that drives that ratio really high by using labor in developing countries wherever possible. That shouldn't exempt them though, because in order to get hired in their developed country locations you effectively need a relevant PhD or an MBA and connections. Just because the labor they are exploiting is foreign does not mean they are not exploiting labor.

[–] Upperhand@lemmy.world 29 points 1 week ago (2 children)

I think there must be some sort of mistake. Warren Buffett is the CEO of berkshire hathaway, and I'm sure he makes way more than the stated 5:1...

[–] Nougat@fedia.io 32 points 1 week ago (2 children)

I'm sure he does, too, but how much of his income comes from Berkshire Hathaway and how much comes from his other endeavors and investments?

[–] Upperhand@lemmy.world 11 points 1 week ago

Fun little loop hole, I guess, but it kind of skews the data. But I'm nit picking.

[–] metaStatic@kbin.earth 8 points 1 week ago (1 children)

You have to pay tax on income

[–] partial_accumen@lemmy.world 10 points 1 week ago (1 children)

You have to pay tax on income

You have to pay tax on realized capital gains too (of which Buffet makes most of his spending money I'm guessing), but at a lower rate than income.

[–] Viking_Hippie@lemmy.dbzer0.com 4 points 1 week ago (1 children)

realized capital gains too (of which Buffet makes most of his spending money I'm guessing

You'd likely be wrong. Most people with significant stock holdings get their spending money from small to no interest loans with the stocks as security.

One of the many ways in which the ultra-rich can and will game the system in ways not available to regular people.

Also one of the main reasons why unrealized gains need to be taxed.

[–] kautau@lemmy.world 2 points 1 week ago

Yeah agreed. The richest of people don’t even spend money. They literally take loans out against their exorbitant wealth and pay back such a tiny percentage that everyone who is rich wins, including them, because it’s just a calculated figure on how much they can continue to make off their capital gains

[–] stiephelando@discuss.tchncs.de 13 points 1 week ago

Berkshire is a holding company, most of the employees work for subsidiaries.

[–] Mediocre_Bard@lemmy.world 23 points 1 week ago

We're just allowed to post hit lists now? Nice.

[–] metaStatic@kbin.earth 19 points 1 week ago (1 children)

is that yearly wage because holy shit if your yearly is in the 4 digits range you need to be fucking rioting regardless of CEO pay

[–] NoneOfUrBusiness@fedia.io 8 points 1 week ago (1 children)

This includes foreign labor so that would explain this. There are countries in the world were you can ~~love~~ live comfortably on a four figure salary (I'm from one of them).

[–] Maggoty@lemmy.world 4 points 1 week ago

It's still exploitation.

[–] LANIK2000@lemmy.world 18 points 1 week ago (1 children)

To think I'd only need to double my income to be rich beyond what I can consume on my own as opposed to barely scraping by. And now the average CEO makes 100x that. Anybody feeling like going Postal?

[–] thermal_shock@lemmy.world 5 points 1 week ago

yes

[–] finitebanjo@lemmy.world 11 points 1 week ago

Notably this list is S&P 500 which is a stock market tracker, so it does not include any privately traded companies.

[–] str82L@lemmy.world 9 points 1 week ago (3 children)

This seems to be saying that AirBnB workers are getting nearly$300k per annum. I call bullshit.

[–] granolabar@kbin.melroy.org 18 points 1 week ago

Sounds about right for a tech company tbh

Obviously this is prolly includes their white collar corpo drones, ie security and janitors are subcontracted out to some sweat shop that violates their contracts and labor laws in normal course of business

[–] Mog_fanatic@lemmy.world 11 points 1 week ago

The CEO pay is hilariously misrepresented as well. The Airbnb CEO might not get a huge salary compared to some of the others but he gets monstrous pay packages. He got $120 million in bonuses and stocks alone a few years ago.

Same goes for all CEOs. They typically wrap an ass ton of their "income" into bonuses and stocks options.

[–] Nougat@fedia.io 9 points 1 week ago (1 children)

You might be misunderstanding the AirBnB business model.

[–] str82L@lemmy.world 2 points 1 week ago

So all the back office functions (that any company needs to function regardless of the product/service they provide) are earning hundreds of thousands of dollars? No way.

[–] Alexstarfire@lemmy.world 6 points 1 week ago

Needs a few more pixels. Can't read shit.

[–] brewery@lemmy.world 6 points 1 week ago

Does it include cleaners? Most offices seem to hire external companies so don't hire cleaners themselves, or any of the "menial" jobs required to have a functioning office. Might hide much worse jobs

[–] ComradeMiao@lemmy.world 4 points 1 week ago

another great hit list

[–] skeezix@lemmy.world 3 points 1 week ago (1 children)

It’s all blurry gramps, can you upload a higher res image?

[–] fuckwit_mcbumcrumble@lemmy.dbzer0.com 8 points 1 week ago (1 children)

I think there’s something wrong with your device, gramps.

[–] hypnotoad__@lemmy.ml 4 points 1 week ago

Shit on mine, too

[–] UraniumBlazer@lemm.ee 3 points 1 week ago

Santa's top 100 picks for gifting bunnies this Christmas