BDx13
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Boss to Workers: A Dollar for You, and $431 for Me
By HUBERT B. HERRING
September 4, 2005
Ben Cohen's dusty vow that no Ben & Jerry's executive would make more than seven times the lowliest worker's wage seems a surreal joke now. Across
corporate America today, bosses might be more likely to intone magnanimously, "I will never earn more than 400 times as much."
Farfetched? Not really. Again last year, according to a new report from the Institute for Policy Studies and United for a Fair Economy, the ratio of
the average chief executive's pay to that of production workers at 367 top corporations smashed through the 400-to-1 barrier, last breached in the
wild late 90's.
To be exact, for every dollar bill in a worker's pocket, the boss gets $431. And here's a nugget of perspective: If the minimum wage had kept pace
with bosses' pay since 1990, it would be $23.03 an hour.
Which bosses are really raking it in? Some of the big money is in war. At companies with at least 10 percent of revenue from military contracts, chief
executives' pay tripled from 2001 to 2004.
http://www.nytimes.com/2005/09/04/business/04count.html
If I fail math, there goes my chance at a good job and a happy life full of hard work.
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GabeTexasGAMC
* GROWN *
Posts: 1828
Registered: 2-22-2004
Location: Texas
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Mood: Teenage Fanclub
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i think my head just exploded.
Wait what!?
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hollymaconmovies
Member
Posts: 237
Registered: 6-23-2005
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Mood: Drops of Jupiter
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| Quote: | Originally posted by GabeTexasGAMC
i think my head just exploded.
Wait what!? |
haha Seriously. That post has waaaay too many numbers in it for my brain to process. Not to mention there's some sort of chart that has the word
'ratio' written on it. Math and I don't get along very well. The end.
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defstarsteve
Posting Freak
Posts: 3505
Registered: 11-19-2003
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for every dollar you make the boss makes 400, simple capitolist society
it's like this folks
I own a business
I sell t-shirts
I make 1.00 profit per t-shirt before personal expenses
(mortgage, utiliities, and all the little things in my home based business I need but can't 100% write off)
I have 1 employee who works 40 hours a week... I work closer to 100
my employee makes 7.00 an hour, he prints 50 t-shirts an hour when the presses are running
on average about 250 per day..by the time we clean up the mess and all
so I profit 43 dolars an hour off my guys 7.00 an hour ass
but I do all the sales, all the art, most of the screens, and have to keep him motivated.
last year my business made $100,000 in total sales, I profited, after everything about 4,000
why am i posting this....
casue god damn it I work too hard for being the boss, not really ha-ha
but here is some food for thought on my industry
I am about the lowest cost printer around, and I do pretty damn good work
there are shops running auto presses charging almost 3-4 times as much as I do, paying the employess the same amount and printing upwards of 5000
shirts a day.....
fuck coporate screen printers who can't cut you a break on screen fees, or art fees
they are lying and should die
nite folks
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CR83
Moderator
Posts: 5221
Registered: 1-23-2004
Location: STL!
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Mood: Harm's Way
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That's great perspective. If I ever need shirts done, you have my order. I have no band or anything. My company may be interested from time to time
or for the occassional birthday or big event. I will only use DefStaresteve.
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hollymaconmovies
Member
Posts: 237
Registered: 6-23-2005
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Mood: Drops of Jupiter
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That's kinda why I was asking about everybody's businesses in that thread I created. Seems like there are honest, hard working people here who put
their heart and soul into what they do. I'd far rather throw business their way. I'll definately use Def-Star for shirts/stickers etc.
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JawnDiablo
Posting Freak
Posts: 12139
Registered: 4-21-2005
Location: 1902666
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i like it when it is raise time and they give a "cost of living " raise....i mean shit ..where i work is like 3%..fuckin gas went up 40%
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