Quote:
Originally Posted by Stew_Matthews
. . . I’m sorry to say it isn’t a Repulican conspiracy, or in fact an Obama one, it is simply free market economics. And it hasn’t changed one bit since Adam Smith wrote ‘The Wealth of Nations’ back in 1776, it’s just that the US hasn’t experienced the less attractive aspects of the free market to this extent before. That's the difference I think.
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Exactly. Moreover, if you do not like capitalism, then you are living in the wrong country.
Finally, not all CEO's are republicans. But, the CEO has a fiduciary duty to the shareholders to make the company as financially well set as possible. Do I personally think that pay should rise. Yes, I do. But, I have never run a multi billion dollar international company. I do know this though, If all employees of, say Delta, were given a 30% raise, the result would be a 50% percent or so raise in prices because any cut in pay for the top five could never compensate for amount of the increase in pay and the taxes and other expenses that go with it.
Note -- I am not talking about fraud or criminal activity.