this post was submitted on 19 Sep 2023
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Kinda reminds me of a guy I used to hang out with. He had found out that the US shreds old currency, and was utterly appalled. "They could just give that to people!"
"OK, Mike, the government could easily give every American $1,000,000, tomorrow. You want that?"
"Hell ya!"
"OK, you know I mow lawns for a living, $30 a pop? (early 90s!)"
"Yeah."
"Now pretend you have a lawn you want mowed. Fuck I want $30 for? I have a million! I'm going to need $10,000 to even think about it."
The whole idea baffled him, never got it.
But yeah, where we're at now is fucked up. I get that CEO pay is determined by the market. I get that dropping CEO pay won't make a dent in line worker pay. But still, the wealth disparity is heinous.
And the worse it gets, the more influence the rich can buy and the less the rest of us have.
CEO pay is absolutely NOT determined by "the market".
On the flip side, this is a great way to illustrate the coercive nature of capitalism. Most jobs wouldn't exist if mindless productivity wasn't a prerequisite to feed your family