[...]fact of the matter is slapper thinks that the CFO, CEO, managers etc...should make the same or about the same as ppl in the factory...the problem is the CFO, CEO could go do their jobs they could the factory jobs if they had to...the factory workers could not go do the CFO, CEO, executives jobs...thats why they get paid more b/c they have more responsibility and require more education and know how of certain issues than other positions[...]
I did not say I want CEOs and all managerial staff to make the same amount of money as a line worker. What I am saying is that ANY company nowadays is excessively hierarchical, and that the pay ratios between the line worker and the managerial staff is way out of whack with the production-for-pay magic formula. When you have 1% of the staff taking in 95% of the profits (within the company mind you) that is a bomb waiting to explode.
What I argue is that unless pay ratios get back to those from the 50s to early 80s (in which it was 20-40:1)
we're up shit creek without a paddle. Furthermore, American companies have to restructure internally and become MUCH less hierarchical. At my company, there's 3 levels between myself and the ED (executive director). That's a lot of fuckers making ¼ million bucks. To make matters worse, and because of the economy, most of the layoffs taking place right now are taking place, at my company, at the production levels. I'd say 75% of these jobs are being outsourced. This new "phenomenon" has created some funny situations at my company, like some departments having only executive and associate directors as well as supervisors, and yet... no one to supervise. Not a single soul.
My CEO could never do one thousandth of the jobs within the company. All jobs are specialized so they require training. On the other hand, any line worker could walk into any boardroom and do just as good as job as the company's CEO. Why? Because all boardrooms are full of advisors that kind of reduce all decisions to one or two possible options, letting the CEO make the final decision so that they can cover their asses. Any how, I think anyone here could've done a much better job than the CEOs of Bear Stearns, Lehman Brothers, AIG, et cetera. Those people drove the companies to the ground. And you certainly don't need to go to school for that.