I just dont know why they stopped at 15.... Should just go to 50. More money equals a better economy and happier people. Fact.
I've had that conversation. They use a false argument that more money for people to spend will be multiplied and help the economy. It's false because productivity has not changed and they may be taking money that could be used for capital investment. Those are the true drivers of growth. Not consumption. (This is why it's not a zero sum game) And even if it is spent by these people, it has no better benefit than if the owners, executives and managers spent it.
Right. No one is motivated to be more productive by higher wages. The workforce has reached maximum productivity because everyone believes they are being fairly compensated. Smells like horse shit. I thought Derek banned the horse that was defecating on women's heads around here.
One figure has it that average CEO pay is 331 times that of the average worker. Money being put to real productive use right? Lets use that figure as an example. Say there are 331 employees at a company, each making $20,000 a year. The CEO is making $6.62 million (331 x 20,000). $13.24 million is being spent on salaries. Here's some food for thought: How about increasing the employees' salaries to $35,000 each. You now have $11.59 million in employee salary expenditure, with $1.66 million left over for CEO pay (still WAY too fucking high compared to the average worker). You tell me what would be more productive. A single, useless parasite at the very top forging his golden parachute from the fleece of the Argonauts, or 331 workers who just got their salaries nearly doubled? Not only will they be happy to work harder, because they feel they are getting paid closer to what they're worth, but more skilled people will be drawn into the equation (like you said), thereby increasing productivity. I'd wager every one of Citrus Man's 20's in circulation, together with all of Cockus's poasts, that the company that axes CEO pay with a view to more fairly compensating their workers, would outperform the fucked up company in the above example.
The CEO is taking an obscene amount of money that could otherwise be used for capital investment, not the poorly paid workers who make the company go round.
As for the rest of the argument, the "more money for people to spend will be multiplied and help the economy." That is correct. The fat cat faggot who is blowing his money on Rolls Royces and French villas, will still buy the same amount of groceries. The workers (who can now actually afford to buy enough groceries to feed their families) will be weened off of foodstamps (which they have to use because of the shit poor pay they get) and will spend more on food, clothing, gas, everything. The argument is reasonable. Water doesn't get much wetter than that.