CEOs are working the same crazy hours for often times recession-tanking companies, and the opportunity cost is that the same dollars to pay CEOs more money COULD be used to invest back into growing that business again. So CEOs are putting in the same work, achieving shitty results, and getting astronomical raises for it. Problem? You bet there is.
Let's forget about the lower-class. My experience being around upper middle class is that there is a pretty big section of the middle class forced to work far more hours for the same wage.
I don't know why we always pick sides. We have to get the lower class being more productive contributors to society, but the rich are also raiding the companies we work for and ultimately pillaging our economy. And yeah, it's true, it is the middle class that suffers, even the good ones. I think a lot of us could be a shitload more productive and a lot less stressed if we were allowed to build teams instead of having to keep so lean and require workers to work twice the hours as they would in a normal economy.
Originally Posted by Loneiguana
Looks like I have to post these figures again. If you think we have a welfare problem in this country, it is caused by under compensation for the middle and lower class, not because the average American is lazy.
The average American works harder, longer, for less money and benefits than thirty years ago. Where has the money gone? Well, the video shows that.
The American CEO is the most overpaid individual on this planet. Outsource CEO labor.
Source: cbpp.org (Center on Budget and Policy Priorities) "Contrary to "Entitlement Society" Rhetoric, Over Nine-Tenths of Entitlement Benefits Go to Elderly, Disabled, or Working Households". Feb. 10 2012
From the CBPP:
"A new CBPP analysis of budget and Census data, however, shows that more than 90 percent of the benefit dollars that entitlement and other mandatory programs spend go to assist people who are elderly, seriously disabled, or members of working households — not to able-bodied, working-age Americans who choose not to work. (See Figure 1.) This figure has changed little in the past few years."
"Moreover, if we look only at entitlement programs that are targeted to people with low incomes, the percentage of benefit dollars going to people who are elderly or disabled or members of working households remains high. Five of every six benefit dollars in these programs — 83 percent — go to such people.
If anything, these figures understate the percentage of the benefits that generally go to people who are elderly, disabled, or members of working households. As noted, these data are for fiscal year 2010, a year when the unemployment rate averaged 9.6 percent and an unusually large number of Americans were in economic distress. In fiscal year 2007, the share of entitlement benefits going to people who are elderly or disabled or members of working households was a bit higher.
In short, both the current reality and the trends of recent decades contrast sharply with the critics’ assumption that social programs increasingly are supporting people who can work but choose not to do so. In the 1980s and 1990s, the United States substantially reduced assistance to the jobless poor (through legislation such as the 1996 welfare law) while increasing assistance to low-income working families (such as through expansions of the Earned Income Tax Credit). The safety net became much more “work-based.” In addition, the U.S. population is aging, which raises the share of benefits going to seniors and people with disabilities."