NationStates Jolt Archive

http://www.xprt.net/~chitaree/images/inequality.png

And people say capitalism is democratic.

c0mmie! you shall burn in hell! oh wait, your godless! teh yew-es will n00k j00!![/sarcasm]

My mother is a chief executive and makes more than that graph claims.

My mother is a chief executive and makes more than that graph claims.

Is she single?

My mother is a chief executive and makes more than that graph claims.

Is she single?

ROTFL, _nice_

how does a graph prove anything? :?

My mother is a chief executive and makes more than that graph claims.

Is she single?

no... I'm not from a country near the top either :P

14 grand a year in New Zealand? that's like 25 grand NZ. Nurses get paid more than that and they are the most underpaid people in this country supposidly.

how does a graph prove anything? :?

It's up to you what you conclude from the statistics.

how does a graph prove anything? :?

It's up to you what you conclude from the statistics.

you can use statistics to prove anything

how does a graph prove anything? :?

It's up to you what you conclude from the statistics.

you can use statistics to prove anything

Yup. I claimed that capitalism is undemocratic :)

My mother is a chief executive and makes more than that graph claims.

Is she single?

no... I'm not from a country near the top either :P

14 grand a year in New Zealand? that's like 25 grand NZ. Nurses get paid more than that and they are the most underpaid people in this country supposidly.

it isn't saying how much the CEOs get paid... it is what mulitple of manufacturing workers pay the CEOs get paid... so in NZ the CEOs get paid 14X what the workers get paid...

My mother is a chief executive and makes more than that graph claims.

Is she single?

no... I'm not from a country near the top either :P

14 grand a year in New Zealand? that's like 25 grand NZ. Nurses get paid more than that and they are the most underpaid people in this country supposidly.

it isn't saying how much the CEOs get paid... it is what mulitple of manufacturing workers pay the CEOs get paid... so in NZ the CEOs get paid 14X what the workers get paid...

I see. That would make a little more sense then.

the graph proves GOP class warfare against the american workers

the graph proves GOP class warfare against the american workers

you can't pin this one on the republicans alone. a lot of what led to this state of affairs happened on the democrats' watch.

My mother is a chief executive and makes more than that graph claims.

Is she single?

no... I'm not from a country near the top either :P

14 grand a year in New Zealand? that's like 25 grand NZ. Nurses get paid more than that and they are the most underpaid people in this country supposidly.Your reading the graph wrong. I believe the numbers represent multiples of what workers in the company make, not thousands of dollars. So New Zealands average would be 14 times what a worker for the company makes, while a US CEO makes 475 times what the guy on the plant floor does.

My mother is a chief executive and makes more than that graph claims.

Is she single?

no... I'm not from a country near the top either :P

14 grand a year in New Zealand? that's like 25 grand NZ. Nurses get paid more than that and they are the most underpaid people in this country supposidly.Your reading the graph wrong. I believe the numbers represent multiples of what workers in the company make, not thousands of dollars. So New Zealands average would be 14 times what a worker for the company makes, while a US CEO makes 475 times what the guy on the plant floor does.

Yeah its been explained. It makes a little more sense now.

hey now that I've actually read the bit at the top of the graph, I should probably take out my first post.... but I wont.

Well of course the US CEOs get paid more! After all, look at how scandal free their corperations have been over the past 20 years. Now that many of them are boasting record profits, we shall certainly see some of those millions and billions trickle down to their hard working employees in the form of small raises and longer coffee breaks.

This proves exactly what? I would like to see comparisons of these same countries in regard to comparions of automation in the manufacturing process. Oddly enough, the countries with the lowest multiples are also the most highly automated. This can perhaps be explained by the fact that the more skilled a worker is, the more he will earn on average. That ought to make up for some of the disparity.
Was this in regard to the manufacturing sector as a whole, or just some highly specialized branch? Nothing can really be concluded from that graph, as there isn't any information pertaining to the actual study from which the graph was generated.
There are likely major factors of which we are not aware, as no company is going to provide that much compensation without a good reason. Boards, after all, usually determine a salary. No one would allow CEOs to cut that deeply into the profits of the company, and thus their OWN pockets without a damned good reason. Maybe CEOs have a much greater role in the USA than in other countries. Who knows? A more telling graph would be comparisons of average executive salaries in regards to the salaries of lower employees.

Boards, after all, usually determine a salary. No one would allow CEOs to cut that deeply into the profits of the company, and thus their OWN pockets without a damned good reason. Maybe CEOs have a much greater role in the USA than in other countries. Who knows? A more telling graph would be comparisons of average executive salaries in regards to the salaries of lower employees.

What happens when the President of the board of directors IS the CEO of the company? As is the case with:
Schwan food company
Worldcom
TD Financial
Cisco
AMD
etc (just do a google search of "president and CEO of" and you'll find _tons_ of examples.
So who decides their salary then? They do.

And this is a graph of the average manufacturing job compared to the average CEO. Automation? In Japan they make TV's, VCR's, and Copy Machines... all pretty labor intensive. In the US we make food and cars. On average less labor intensive than those of Japan and other Asian countries.

Here's the article that would be a good reference for learning about whose in control of a CEO's pay/compensations http://bwnt.businessweek.com/exec_comp/2004/index.asp