General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsA recent Facebook post making the rounds - The 99% Needs A Raise
Posted by: The 99 Uniting http://www.facebook.com/#!/the99uniting
WillyT
(72,631 posts)cthulu2016
(10,960 posts)If I were doing this graphic I would not use a gallon of milk as the example item.
People (myself included) do not have a gut level sense of 0.01 seconds versus 0.1 seconds or even 1 second. We don't operate in those terms.
I would use a new pickup truck. Mister moneybags works a minute or minute and a half. The minimum wage figure works a couple of years.
OmahaBlueDog
(10,000 posts)..but your point is very valid. That truck may never come to Mr. Minimum Wage; Mr. Median Wage can buy it on a five-year note; Mr. CEO makes that truck in an hour and a half.
TalkingDog
(9,001 posts)Gallon of milk
Child's Bicycle or Laptop Computer or Item X
Brand new pickup truck
neeksgeek
(1,214 posts)About what Mr. Moneybags there gets in an hour.....
TalkingDog
(9,001 posts)neeksgeek
(1,214 posts)Beartracks
(12,821 posts)You mean that's a MYTH????
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MattBaggins
(7,905 posts)lastlib
(23,352 posts)AND a pay cut!!
OmahaBlueDog
(10,000 posts)After that, it's flat-out greed, and should be taxed accordingly.
progress2k12nbynd
(221 posts)But I don't get CEO guy at all? This can't be representative of CEO's on average as there are thousands, probably tens of thousands of CEO's out there making a couple hundred thousand a year or less, like my hospital's CEO. No chump change for sure but these kind of CEO salaries are FAR more common than the $40m salary that this graphic seems to want to say is the norm.
The creator of this graphic could be a little less misleading and still achieve his intent to show the very real problem here of income inequality; I'm not sure why he chose to use such a misleading extreme.
CubicleGuy
(323 posts)He pours Château Lafite Rothschild on his breakfast cereal.
Duer 157099
(17,742 posts)He doesn't eat cereal, that's for barnyard animals. He pours it on his caviar.
Ikonoklast
(23,973 posts)It's not that the dog likes it, it's the idea that he can afford to feed the dog caviar, so he does.
Same reason the CEO has six house, four of which he hardly ever sees...it's because he can, not because he needs to.
CJCRANE
(18,184 posts)Which would be...
* Minimum Wage Earner: 2 gallons of milk
* Median Wage Earner : 4.5 gallons
* CEO.......................: 5,459 gallons
neeksgeek
(1,214 posts)The CEO could go into the typical grocery store and empty the entire milk cooler in one purchase, and probably have change left from that hour's work.
ThoughtCriminal
(14,050 posts)The CEO will have to work another 5 or 6 minutes to top it off.
harun
(11,348 posts)OmahaBlueDog
(10,000 posts)In fact, many shareholders would do well to question executive pay at every stockholder meeting and every other chance they got. Not even the CEOs of the most profitable companies should make 1000x multiples of salary (or more) over their average workers.
harun
(11,348 posts)And the point was there is more injustice to the equation than what was being displayed.
We need to take the focus off of income vs. income and on to nothing vs. wealth. The capital owners get to play by a different set of rules.
The problem with you as a stockholder is that the system is setup to make sure you don't actually have any real say in the way things are done. A few very very large holders of shares (institutions) are who really gets to call the shots. They are fine paying the CEO those kinds of wages because their wages (profits, wealth and capital accumation) are much much higher than the CEO's.
So the holders/owners of the Capital are the real ones to compare to the lower and median wage earners. Because one of them is represented in how the company and country is run and the other is NOT.
Robb
(39,665 posts)I just bought milk, $2.77/gallon for the non-hormone stuff. $1.88 when it's on sale, which is once or twice a month.
Is $3.70 more common?
OmahaBlueDog
(10,000 posts)I think I paid $2 for a gallon of regular, grocery store brand skim last night, but that was on special. Normally, it's like 3.30.
Robb
(39,665 posts)I'm also sort of hoping I live in a cheap milk region.