Tuesday, November 04, 2014

To the current generation: on the topic of poverty & wealth. By (me!) Sandra, tvgp

Dear generation PS.. Problem-solvers..

Again, I must start with an apology and ask your forgiveness for who knows how many generations before you..

No secret that the gap between the poor and wealthy has done nothing but widen for decades now..  And we currently are in crisis..

The number of people, families, children living below the poverty level is threatening the whole country really..   No one person can solve this..  And there are many factors.. Many! But let me kick start by bringing your attention to this one:

The discrepancy between what lower end employees earn vs. -say, CEO's

Now.. I know there are different levels of responsibility.. I know all the arguments and so do you.. So, rather than rehash, I will just ask each of you to

Draw your own line.  -k.  I'm no economist, or mathematician.. Or corporate executive

But just imagine with me..  This is my strength..   I will use imaginary small numbers to make my point. Are you ready?

Very well

Small start up. 1 CEO.  5 employees.

CEO has no business without employees; employees have no job without CEO

1st year employees earn minimum wage while CEO tries to break even.. On investment.. And start to profit..

Skip ahead..  To profits!

Employees minimum...  Struggle to eat and put gas in car..
CEO pays off mortgage on 1st house.

Employees minimum. -struggles to make ends meet
CEO buys 2nd house, has medical, dental, 2 week vacation..

Employees minimum. -struggles to make ends meet..
CEO owns 2 homes, benefits, IRA, vacation

Employees wage remains the same..
CEO owns 2 homes, three cars, growing retirement fund, full benefits, paid vacation, private jet, money for college for three children, all well fed, living in a beautiful, safe neighborhood, attending private schools.. Etc. Etc.

I already know the jokes about 'being the CEO'. So spare me..

My obvious point is that everyone contributes..  And the current gap between the top execs and the everyday employees..

SICKENING.  HIDEOUS.  I do not how such human beings look themselves in the mirror or sleep at night..

Knowing there is a very real responsibility gap..  Where would you draw the line?

Under what circumstance  -if the profits are good.. Should everyone benefit.. Because in fact, everyone contributes..

Currently we have literally that type of gap:  a few people at the top with enough wealth to care for themselves, their parents, and three generations after them via wills..

And employees who work for "them" struggling to pay for a weeks worth of groceries..

Its downwrite embarrassing.  America...  Come on!

I propose employees earn a wage +% of overall profits..

% always seem more fair..

What % I don't know..

But something, anything that will shrink the humiliating poverty wealth gap..

We are not talking about lazy people here.. Trying to take advantage of the system.. We are talking about hard working employees who are contributing to overall success..

Otherwise.  That seems a natural result; consequence..

Workers comp...   -because, really..  

So, if in fact you are successful..   And profiting.. And you have employees..

What gap are you comfortable with?  

Everything/nothing?

Everything/barely?

Everything/a little sumpthin'

Everything/some..

Everything/something for everyone contributing..

I am wholeheartedly counting on generation PS to reveal and correct the current financial gap between CEO's and employees..

A new algorithm..

A renewed america...

With love and hope,   ~sandra, tvgp

1 Comments:

At 7:27 PM, Blogger SHE said...

Yes.. Essentially that is my question:

Two people working for the same successful, profitable corporation

CEO earns 17 million
Employee 8.50/hr

Is the earning differential equivalent to the difference in responsibility?

At what point should hourly minimum wage earners.. Earn more? How much, how often..

Is there any justifying no wage increase when increases are gargantuan for the executive level.. And they are contributing to the overall success?

Is wage + % of profits doable?

What's a fair and reasonable and fiscally sound gap between the highest and lowest paid employees of the same company?

 

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