I hate this bullshit logic of “But this one person’s salary would not give everyone else very much!” Bezos is not the only one that should be making less. All of the chief officers should make less. All of the regional presidents should be making less. That money would absolutely be more than simply a drop in the bucket. I do agree that it should be concentrated to the lowest paid workers.
Just looked it up, and the regional VPs at Amazon are making an average of $190,000/yr. That’s not chump-change, but it’s definitely firmly in the “US” side of the “US vs THEM” equation. It also means if you cut all regional VP salaries in half, it won’t amount to more than 0.1% of Bezos’ typical earnings.
Even Amazon’s CTO only (yeah, “only”) apparently has a total comp package of about $300-500,000/yr.
Here’s the list of the problem folks. And to clarify something that helps your point on the “But this one person’s…” I GUARANTEE if executive compensation were capped based upon some multiple of individual compensation, they’d find the fucking money to give people raises.
If a CEO can only make 100x what workers do, that’s still unreasonable, but I guarantee those guys making $20M/yr will find a way to up the average salaries of workers as close to $200k as they can manage. And if we weren’t at-will employment in the US, they wouldn’t be able to just do it by laying people off.
So yes, taking money from just Jeff Bezos the people in that list will have the very effect you and I want… everyone making more.
I hate this bullshit logic of “But this one person’s salary would not give everyone else very much!” Bezos is not the only one that should be making less. All of the chief officers should make less. All of the regional presidents should be making less. That money would absolutely be more than simply a drop in the bucket. I do agree that it should be concentrated to the lowest paid workers.
Just looked it up, and the regional VPs at Amazon are making an average of $190,000/yr. That’s not chump-change, but it’s definitely firmly in the “US” side of the “US vs THEM” equation. It also means if you cut all regional VP salaries in half, it won’t amount to more than 0.1% of Bezos’ typical earnings.
Even Amazon’s CTO only (yeah, “only”) apparently has a total comp package of about $300-500,000/yr.
Here’s the list of the problem folks. And to clarify something that helps your point on the “But this one person’s…” I GUARANTEE if executive compensation were capped based upon some multiple of individual compensation, they’d find the fucking money to give people raises.
If a CEO can only make 100x what workers do, that’s still unreasonable, but I guarantee those guys making $20M/yr will find a way to up the average salaries of workers as close to $200k as they can manage. And if we weren’t at-will employment in the US, they wouldn’t be able to just do it by laying people off.
So yes, taking money from just Jeff Bezos the people in that list will have the very effect you and I want… everyone making more.