breakthrough this morning 1£ = $2+

Old Sep 13th, 2007 | 11:45 AM
  #61  
 
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and now the really hard work - manual labor is paid much less than it was in the 70s in real dollars and the easy work - white collar is paid much more

and CEOs, though they work as hard now as in the 70s - really hard usually - they get paid about ten times as much now in real dollars and that's obscene IMO.
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Old Sep 13th, 2007 | 11:58 AM
  #62  
 
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It just makes the mental math so much easier, dontchathink?

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Old Sep 13th, 2007 | 12:50 PM
  #63  
ira
 
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>..they get paid about ten times as much now in real dollars and that's obscene IMO.<

Why should anyone's compensation be subject to moral evaluation?

Isn't paying a football player who breeds dogs for fighting over $100M just as obscene?

Bill Clinton gets about $250K per speech and Rudi Giuliani gets about $100K plus expenses. Are these rates obscene?

It costs about $4 to extract a barrel of crude oil from Saudi Arabian fields, yet the price is nearly $80/bbl. Isn't that obscene?

Etc, etc, etc....

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Old Sep 14th, 2007 | 05:41 AM
  #64  
ira
 
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>The $2 pound is fading... yesterday $2.06 and still rising it seems - $3 pound can't be far behind?<

OTOH, the GBP is $2.00 this morning.
See http://tinyurl.com/3xlap3

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Old Sep 14th, 2007 | 08:49 AM
  #65  
 
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>..they get paid about ten times as much now in real dollars and that's obscene IMO.<

Why should anyone's compensation be subject to moral evaluation?

simple - CEOs are slashing blue collar jobs and outsorcing them - outsourcing jobs at home to non-union operations or ones that pay much less (GM + Delphi)

thus they are lowering wages for the workers and then getting huge bonuses or golden parachutes - taking from poor and giving to rich and i just find this obscene.

As for other examples OK - bball player is not displacing other bballplayers, etc.

Just fat cat CEOs - actually i'd pay them all as much as they want and have a steeply graduated income tax after a certain level of say 300,000$/yr and up.
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