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It appears the 1980s concept of "profit sharing" vanished by the 1990s. Employees "doing their jobs, well" was just that AND what they were being paid to do. CEOs see their pay amounts as "doing MY job well" and not seeing the profit sharing as an investment in the company and the economy as a whole. Everybody getting to keep their job is evidence of them "doing their job well", so THAT is the reward, no matter the level in the company.
ReplyDeleteIf part of "doing their job well" might mean raising consumer prices, so be it. Only makes the people above the cloudline more money, as reinforcement that they are "doing their job, well".
I'm grateful that people have recognized the problem as corporate greed to the point the CEOs are admitting it. As a result inflation is down under 3%.
ReplyDeleteThose conservative senators and congressman should live by their convictions of having private health insurance policies and 401-K retirement accounts for themselves. Since they foist them on everyone else ! But you’ll never see them do that, why should they worry about pre-existing conditions, ever increasing premiums and employer’s raiding and pilfering 401-K funds.
ReplyDeleteIt’s all ponzi schemes they abet and support at our expense.
-Rj