It’s not about taking the CEO’s pay and redistributing it, like some game of lotto.
The point is that the culture and structure of the company is geared towards rewarding the dickhead at the top, for squeezing their workers.
The companies don’t see their workers as assets but instead as adversaires that are to be exploited and paid as little as possible, no matter the cost to quality, loyalty or morale.
Somehow there is no money for the workers, yet the car prices have exploded and the board makes shit loads of money…
You’re right. I’m only saying that Robert Reich’s framing “there’s money for” this not that isn’t great: it’s like saying “Oh so we have money for a new blender but not a car???”
Tbph this is why Reich has a reputation for kind of populist pseudoscience. Tries to bank on sounding like he’s pushing an “economic justice” angle but a ton of what he says doesn’t really hold water. It’s actually really annoying cause you can’t push for a correct take without people just automatically assuming you’re defending CEOs and megacorps.
It’s not about taking the CEO’s pay and redistributing it, like some game of lotto.
The point is that the culture and structure of the company is geared towards rewarding the dickhead at the top, for squeezing their workers.
The companies don’t see their workers as assets but instead as adversaires that are to be exploited and paid as little as possible, no matter the cost to quality, loyalty or morale.
Somehow there is no money for the workers, yet the car prices have exploded and the board makes shit loads of money…
You’re right. I’m only saying that Robert Reich’s framing “there’s money for” this not that isn’t great: it’s like saying “Oh so we have money for a new blender but not a car???”
Your framing is superior
Tbph this is why Reich has a reputation for kind of populist pseudoscience. Tries to bank on sounding like he’s pushing an “economic justice” angle but a ton of what he says doesn’t really hold water. It’s actually really annoying cause you can’t push for a correct take without people just automatically assuming you’re defending CEOs and megacorps.
It’s because he positions himself as an economic expert despite having no degrees in economics
Looked it up when you replied, he does have some kind of multidisciplinary degree that sort of covers it. Not that it really changes anything.
The board makes money? Isn’t that a conflict of interest? What are the board, and c Suite paid? It’s not just the CEO here…