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Disspelling Minimum Wage Myth.
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crabman
NEWS!


Member 17465

Level 11.09

Dec 2006


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Old Jan 23, 2007, 01:19 PM Local time: Jan 23, 2007, 11:19 AM #1 of 45
What we really need, is the establishment of a maximun wage. Doesn't the average CEO get paid something like 200 times the wage of the average worker in their own company? Instead of them sitting on it, the economy could be doing much better if a lot of that money was int he hands of the working class,w ho would immediately spend it.
The average CEO of a fortune 500 company only makes 300,000. What makes them incredibly rich are stock options, and the equity they get from thier respective companies. And the fact that they DON'T sit on thier money, or leave it in the bank to grow at 2% a year. And no it wouldn't be better in the hands of the working class because they'll buy say a new car, or a new tv. When they buy a new car it'll probrably be made in say Japan, or a new tv that was probrably made in China. An investor will sometimes invest in international stocks; but will probrably stick to domestic stocks and real estate. When you hear so and so is worth X billion of dollars; that's his net worth. The number of stocks he owns, the houses, he owns, land, his assets. Only a small portion of that is sitting in his bank accounts.

Jam it back in, in the dark.
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Exploding Garrmondo Weiner Interactive Swiss Army Penis > Garrmondo Network > Political Palace > Disspelling Minimum Wage Myth.

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