It's hard to define what is fair. If you're a CEO, your definition of fair will likely be different from a person working at minimum wage. In fact a CEO's definition of fair could be different from 99% of the population. People in advantageous but unfair situations will justify the situation, while people with the short end of the stick will do the opposite.
With wealth inequality higher than ever before, most people see a CEO's salary as astronomically unfair. Do CEO's really have some super power that a minimum wage worker doesn't have? Can one man's intelligence, good looks, charm, or physical strength actually be worth 1000% more than another man? Hard to say.
Although capitalism promotes incredible growth and works for the most part, there is a reason why communism became popular in many countries. It stems from a fundamental discontent about the definition of fairness and wealth among the proletariat.
So if you want the real answer to the question of "What is fair?" I would say "Ask the majority."
Makes perfect sense. Because his company isn't built on the shoulders of multitudes of employees. He alone built the entire company with his bare hands and his "LIFE". Therefore all employees deserve nothing and he deserves 100%.
Comments
What about options? Does the CEO get options that raise his wage to a height that is still unfair?
"Price, who started Gravity Payments out of a dorm room when he was 19, wholly owns and operates the company . . . "
Besides, what is fair?
It's hard to define what is fair. If you're a CEO, your definition of fair will likely be different from a person working at minimum wage. In fact a CEO's definition of fair could be different from 99% of the population. People in advantageous but unfair situations will justify the situation, while people with the short end of the stick will do the opposite.
With wealth inequality higher than ever before, most people see a CEO's salary as astronomically unfair. Do CEO's really have some super power that a minimum wage worker doesn't have? Can one man's intelligence, good looks, charm, or physical strength actually be worth 1000% more than another man? Hard to say.
Although capitalism promotes incredible growth and works for the most part, there is a reason why communism became popular in many countries. It stems from a fundamental discontent about the definition of fairness and wealth among the proletariat.
So if you want the real answer to the question of "What is fair?" I would say "Ask the majority."
No it's not fair, he doesn't deserve that company he put his whole life in! Nobody deserves such a thing!
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Makes perfect sense. Because his company isn't built on the shoulders of multitudes of employees. He alone built the entire company with his bare hands and his "LIFE". Therefore all employees deserve nothing and he deserves 100%.
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