@Linkat,
Linkat wrote:
It could function in the sense that it is easier to replace a mailroom clerk than a CEO. You could hire a 16 year and train him in a week.
Sure. But does the Mailroom clerk perform an essential service?
If so, he deserves to be compensated with respect to his position within the organization.
Does this mean CEOs should get paid the same as mail clerks? No.
But it's fallacious to argue that the CEO's contribution is worth hundreds of times as much as other members of his organization. All businesses with mutlitple employees are at heart a team effort. Fair standards of pay differentiation recognize this. Our current system does not recognize this, placing ever-expanding value upon the Executive and ever-lessening value on every other component of the business.
This has lead to many problems and should be addressed. Our current situation is just one example of what happens when the pay of executives reaches the level to which they are willing to take any risk at any time; it directly impacts the lives of the employees and the health of our nation.
Cycloptichorn