Minimum Wages Goes Up Today

joepole · 07-25-2007, 08:29 PM

>do you think a CEO that makes six figures is worth the pay he gets. Name one that is worth six figures

Almost all of them. $100,000 isn't a lot of money for the job of running a company, especially if your performance means the difference between billions lost or made.

>I would love to see a better living for all.

No, you wouldn't. If everyone had the same standard of living the world would be a miserable place because we'd all be dirt poor. Economics is about relative values. If you gave everyone in the US $100,000 tomorrow it would be financially devastating, we'd all of a sudden be a lot poorer.

07-25-2007, 08:29 PM	#18
joepole SBLive! Veteran Join Date: Sep 2006 Posts: 1,606 Rep Power: 281	>do you think a CEO that makes six figures is worth the pay he gets. Name one that is worth six figures Almost all of them. $100,000 isn't a lot of money for the job of running a company, especially if your performance means the difference between billions lost or made. >I would love to see a better living for all. No, you wouldn't. If everyone had the same standard of living the world would be a miserable place because we'd all be dirt poor. Economics is about relative values. If you gave everyone in the US $100,000 tomorrow it would be financially devastating, we'd all of a sudden be a lot poorer.

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