• alvvayson@lemmy.world
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    11 months ago

    The sad fact of the matter is… math

    A corporation might have 10 C-level guys dividing $50 million amongst themselves and 10.000 workers earning $70K, which costs about $100K due to overheads (health insurance, retirement, etc). Together, that’s a billion, which is 20x more than the C level guys.

    The C level guys aren’t the big expense, not by a long shot.

    Labour, government and shareholders divide most of the earnings amongst themselves.

    For the record, I do think we need to tax the wealthy more and the workers less.

      • alvvayson@lemmy.world
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        11 months ago

        I have no disagreement on this argument.

        But C-suite compensation is not a significant part of prices.

        Energy prices, tax, labour costs and the cost of capital (i.e. returns to shareholders and creditors) are what drives prices.