If you get 300x more money than your best paid employee, this suggests you do the work of 300 of your best paid employees. I really want a CEO show me how exactly they do this ...
@zackoric24232 ай бұрын
there's quality to their work tho, not everyone's hour of work is worth the same
@peterh32132 ай бұрын
man you have a mindset of an employee so you cannot comprehend it.... I will illustrate it for you on real life example from one company where I worked in 2013. I worked fulltime for one year and was paid 900 eur a month while our CFO was doing nothing and earning 20x more than me. Why? He went to Brazil for 2 weeks, played golf there with some executives of a big company and returned with a deal which was in millions of eur and could fund my salary and all other employees in the company for half a year. I think the fact that he earned only 20-25 times more than me was actually unfair to him.
@bob007fl2 ай бұрын
@@peterh3213 thats exactly right great example.
@qasim52792 ай бұрын
@shadowwalker2006 come back the day you take the same risks and responsibilities your CEO does until then ....🤫
@Zyrock2 ай бұрын
@@qasim5279 lot of CEOs don’t take that responsibility Look at Johnson & Johnson after the whole cancer causing talc product situation Are their top executives paying the price
@dunky71574 ай бұрын
Fun fact the modern workforce is now the most educated, most productive and least compensated while companies make record profits
@VotePaineJefferson4 ай бұрын
Another Fun Fact: CEO's DON'T make 100 times the average worker at their respective companies on average. That's silly. They actually make OVER 300 times the average worker at their respective companies. In fact, the CEO of Walmart makes OVER 900 times.
@joshuagharis9017 Жыл бұрын
Some of these people make 300+ k a week, a freaking week, and can't pay workers a living wage
@alecjo23072 жыл бұрын
In 2008, I was working as an assistant front desk manager for a big large company. The HR manager came and told me I had to take a pay cut cause revenue was way down or I can be laid off and get unemployment. I stayed, took a 20% pay cut (over $200) and worked 10 more hours a week. That same year, the hotel got the coveted five stars and four diamond rating, the GM of the hotel got over a million bonus and a big raise.
@sess95612 жыл бұрын
So, take a long look in the mirror.
@javiersanabria75132 жыл бұрын
You played yourself.
@TheHauntedKiwi2 жыл бұрын
@@sess9561 No. This is a lie told to you by parasites.
@katscandance Жыл бұрын
@@javiersanabria7513 its a broken system
@joshuagharis9017 Жыл бұрын
So screwed up, squeeze the folks who run the business, and glutinous at the top, like hunger games capitol where they drink something to throw up so they can eat more while others starve
@anniesshenanigans38152 жыл бұрын
this must change.. Corporations have become mini 'empires' where the People at the top get all the money and glory for the work that the ones at the bottom are actually doing for almost nothing. We don't remember the people that built the Pyramids, only the 'Kings' .
@kenvanlit4022 жыл бұрын
These days, CEOs manage with a team of skilled and mostly highly paid executives. They also work with highly paid boards of directors. It doesn't make sense that they would earn significantly more than management below them. Would you pay astronomical dollars to someone who has to have their hand held? To someone who manages a company that doesn't do anything spectacular? A company that has a captured market for years? A company that has static growth?
@victoriancu73582 жыл бұрын
Ya some have it easy. There was a story though of some brother taking over as ceo of some airline or airplane company from the family and then bankrupting the company within a year. Some small companies actually give ownership to employees. It's their company, so they can do what they want with it.
@MrEVAQ2 жыл бұрын
That's not entirely accurate. That's like saying that the President doesn't work hard and has his "hand held" because he has generals, secretaries, senators, mayors, police chiefs and whatever.. CEOs certainly work hard keeping things together even though they have it a lot better.
@kenvanlit4022 жыл бұрын
@@MrEVAQ not entirely accurate but there is truth in my comment which refers to the C Suites who become administrators and get paid disproportionate amounts to do their work. Yes some work hard and deserve to get paid well. Value for money is what I say.
@drunkenn1nja2 жыл бұрын
@@MrEVAQ I feel like comparing the President of a nation, to a CEO of a glorified casino (big banks) is apples to oranges
@MrEVAQ2 жыл бұрын
@@drunkenn1nja The job is not literally the same, but the hierarchical structures of their jobs are very similar.
@rmcleod5591 Жыл бұрын
I compared my salary to my CEO’s salary. Let me say that I made a pretty good salary. I determined that the CEO earned my annual salary in the first 2 1/2 days of the year.
@tasneemahmed58212 жыл бұрын
While watching this entire thing I kept missing the part where they mention the point of this video. What is the message? Are CEOs bad? Should we all become CEOs? Is there anything the average joe can do to in any way fight these numbers?
@NUCLEARARMAMENT2 жыл бұрын
The only way to fight these numbers is to convince banks to let you borrow millions of dollars in long-term, fixed-rate, principal-amortizing (interest only works too) loans to buy real estate, then borrow against the value of said real estate in the form of cash-out refinances as it inflates in value; then, use that borrowed money to invest in any business opportunity that's decent in value, and repeat said process till you can finally begin to amass enough resources to fund the building of a self-sustaining agricultural and industrial commune in the middle of the Nevada desert. It takes 5-10 years to get to that step, though.
@user-vi4xy1jw7e2 жыл бұрын
It literally tells you in the title of the video. That's the message: why they make 100x more.
@komentierer2 жыл бұрын
I thought the video very clearly delivered what the title promised. Why do they earn so much? - Because of a company's internal notion that stock rises are tied to excec performance - Because of a rise in the gross domestic output that isn't reflected in worker's wages rising.... and so on and so forth.
@TruuJones2 жыл бұрын
"Are CEOs Bad" well CNBC isn't going to make a claim like that in a story they are covering. But the interviewee says it all in his answer to the question: is the solution to closing this gap obvious: he says "shame", shaming these people and company
@dizzydama17682 жыл бұрын
@Jason Wu typical worker compensation has increased by 18% since 1978….. there is ABSOLUTELY something wrong with these numbers
@pine20711 ай бұрын
They really need so set a law that stops one employee from making 100000x more than the other employees. Especially when those in management and higher don't do any real work
@neutro823910 ай бұрын
do you have brain damage?
@johnclontz98822 жыл бұрын
The issue is that compensating executives with stock options and stock-related benefits causes many executives to have a short-term focus on the stock price. I. E. cutting salaries, keeping wages low and other things are the result. It helps stock value in the short-run (and therefore their compensation) but typically doesn't promote wise long-term decisions.
@sammen892 жыл бұрын
On stock compensation, many CEOs would rather pay long-term capital gains tax than the higher short-term capital gains tax. CEOs will maximize their tax savings via retirement accounts also, even if they have to wait until age 59.5. Bezos, Musk, Gates, Zuckerberg, Larry Page, just go down the Fortune 500 list…. They hold stock for the long term, sometimes decades. CEOs aren’t day traders, they think bigger, or they will get fired by the board, shareholders, etc.
@mananagarwal43542 жыл бұрын
restricted stock options are tied to long term performance, 25 mil of jamie dimons 31 mil compensation belonged to this category for instance
@ratsock2 жыл бұрын
There are usually lock in periods before they're allowed to sell the granted stock so if the price drops over a 4-5 year horizon they lose out a lot
@jessvagnar49572 жыл бұрын
@@sammen89 Bezos, Musk, Gates, Zuckerberg, Larry Page Owner of the company, owner of the company, owner of the company. When they cede control they still choose to invest a part of their portfolio though.
@katscandance Жыл бұрын
@@sammen89 the company i work for constantly runs through different executives/directors because they can make their profit after only 2-3 years
@stephen-finance2 жыл бұрын
Switching jobs is the only real way to get any sort of substantial raise. Although it still isn't a sure thing until you find the better job and then get it.
@stan123452 жыл бұрын
Or a promotion within a company
@loganlas41462 жыл бұрын
True Forbes had an article on this a while back I believe
@israeliana2 жыл бұрын
They should interview that CEO that raised the minimum wage to $70k. Sqwak Alley? The company was performing better and he has cut turnover in half. People have more freedom. And he is still wealthy.
@tylercarlton58042 жыл бұрын
Can I dislike this more than once?
@justina49142 жыл бұрын
So the CNBC make it reporter makes around $85,409.25
@b5thomas72 жыл бұрын
my thoughts exactly - broke up the calculator immediately, haha
@bladmoreno2 жыл бұрын
Pretty bad if they live in New York
@annajones97012 жыл бұрын
Terrible.
@justdidthis2 жыл бұрын
Lol that is so false. That’s pretty manageable for one person in NYC
@annajones97012 жыл бұрын
@@justdidthis is not. I was on $130k in New York and rent sucked most away . Good salary for good standard of life in NY at least $180k. Poverty line is around $60k
@stephen-finance2 жыл бұрын
Well, this will be interesting. *Grabs popcorn and gets ready to watch the comment section take off
@davidanalyst6712 жыл бұрын
this video is propaganda that mis educates people about the free market and how it works
@supermegadong75972 жыл бұрын
Instead of commenting this about you actually offer something to talk about
@user-vi4xy1jw7e2 жыл бұрын
@@davidanalyst671 How is this propaganda exactly?
@Nchinnam2 жыл бұрын
easy way to make the pay gap. quit your job and become a CEO of a startup. if everyone is a CEO then no one is under paid lol.
@Apocalymon2 жыл бұрын
Undercut the company you're working for. Swipe their talent. Become a saboteur by getting the government to investigate their undealt harassment cases.
@awgharris2 жыл бұрын
Easy, ha! Have you done so? Do tell how that is working for you.
@fearless69472 жыл бұрын
@@awgharris exactly, that's the point. What he is really saying is, it's not easy.
@notspace84872 жыл бұрын
If everyone is a CEO then beeing CEO must be so much more work :(
@Zov6312 жыл бұрын
high value, high return. It is just pure dumb to compare CEOs salary to how much the average workers make
@intelliot2 жыл бұрын
You forgot “technology and automation”
@johnathanjackson71652 жыл бұрын
Nationalize the labor market and slash top earning wages. Just like they did to the workers by capping their pay. Why should they get bonuses? It's a travesty. Send the money to the workers. Get rid of shareholders it's ruining the livelihood of employees.
@christopherreed3019 Жыл бұрын
SOCIALISM???
@SalvusGratiumFidem2 жыл бұрын
She makes 85k a year. That's still pretty dang good 😂
@DFWKICKS2 жыл бұрын
60k after tax…. lol lives in nyc pays 3k a month for rent
@SalvusGratiumFidem2 жыл бұрын
@@DFWKICKS living in NYC is a choice.
@DFWKICKS2 жыл бұрын
Lol no .. any where else she’s make $50k before tax
@meghanpatterson68512 жыл бұрын
Yes, a very good salary but nowhere near $24,000,000.
@GabiN642 жыл бұрын
@@DFWKICKS not all of nyc is in manhattan. But she probably does lol
@petecheng12 жыл бұрын
don't care when CEO makes billions, but come on, pay your employees livable wage at the least.
@davidanalyst6712 жыл бұрын
this is propaganda. If the employees all live together in dumpy towns eating dumpy food, then that is the livable wage. Go get a tiny house, and maybe learn more about how economics works
@mannyd6292 жыл бұрын
@@davidanalyst671 That’s not how economics works at all.
@popocucu77492 жыл бұрын
@Peter Cheng Exactly...
@mannyd6292 жыл бұрын
@IAmDeshaun No, that is not what livable means either. Livable means having enough money for food, groceries, rent, without having to work 3 jobs. This also applies to their children. I doubt anyone wants to see children starve. In almost every state minimum wage is too low to afford basic necessities.
@mannyd6292 жыл бұрын
@IAmDeshaun So the logical flaw in your argument is the belief that people just love working minimum wage jobs. Plenty of people with degrees make minimum wage by the way.
@user-vi4xy1jw7e2 жыл бұрын
AJ looks like a mix of Ellen and Alice from the Brady Bunch
@knmfujiwara2 жыл бұрын
Some CEOs are worth every penny. Some should simply be fired without compensation.
@Blarnix6 ай бұрын
No CEO is worth $1m per year.
@karlmosweu19022 жыл бұрын
Well how well do you know the board of directors 😂😂😂what a response
@dannyhantx2 жыл бұрын
All I know about top paid CEOs is that they do lines, hookers and vacation on their personal yachts and they include those times spent as part of their working day.
@biscaynesupercars2 жыл бұрын
People are complaining about employee wages and this is just giving me more reason to start your own business. Even if its something small, make yourself your own ceo
@ChrisControversial2 жыл бұрын
I get this mentality but not everyone is bred to build a business
@amarjotsingh84552 жыл бұрын
@@Dom-xi8je thank you, not everyone wants a business… and a lot of businesses are over saturated now
@hemphoney23712 жыл бұрын
I don't recommend everyone starting a business but I do recommend a second or third source of income. Everyone isn't built to lead.
@visceral_investing2 жыл бұрын
@@Dom-xi8je Well if you wanna have a multimillion salary, then you gotta pretty much start a business. If you don't wanna build a business then don't complain about CEOs being millionaires.
@zomils2 жыл бұрын
@White wolf that figure is because people start a business and put no effort into it, no time into, not much money into it or it generally being a pretty uncompetitive idea like selling iphone cases. If you put the time, money, commitment etc then your not playing odds, your just taking risks. Its not like the lottery where its a predictable percentage of odds, its based on 100 factors.
@DemonLordR2 жыл бұрын
So many distractions out there with regards to pay discrepancy. Meanwhile the truly stark and significant contrast is this CEO to worker pay gap.
@1savage3252 жыл бұрын
Wtf is the point of this video?!?!
@ZombieEater10012 жыл бұрын
To apparently say that CEO pay id causing all of the problems in the world
@truckingmoney4852 жыл бұрын
Just a bunch of cry babies jealous of people making more than them that can’t manage their money all while having brand new cars ect
@KeaneKamina2 жыл бұрын
@@truckingmoney485 this is the worst take I'll read all day.
@visceral_investing2 жыл бұрын
@@KeaneKamina Nah its a pretty real take. You gotta take huge risk and literally work 24/7 to be a CEO. Most workers rather just come home and watch Netflix instead of grind and invest their money
@DavidRamseyIII2 жыл бұрын
@@KeaneKamina it’s a fine take. Can’t do anything about the free market and what the top of the top are earning. But you can certainly stop financing new cars and get on a budget
@emilkrawczyk46142 жыл бұрын
Who else immediately paused the video to divide 24 million by 281
@THEISAAC15932 жыл бұрын
She's still making good money
@ladymallowyt2 жыл бұрын
$85k is still good money
@grahamw24552 жыл бұрын
@@ladymallowyt Not in NYC
@ladymallowyt2 жыл бұрын
@@grahamw2455 NYC sounds more expensive than living in London
@jessicam39342 жыл бұрын
where's Dan Price when you need him?
@TheOneAboveAllx2 жыл бұрын
Intresting that he mentioned the "trump tax cuts" playing a role in increasing stock prices legitimately (because it increases profits) but forgot the trillions printed and distributed which increased the stock market a lot more artificially (because it does not affect the company itself).
@Je.rone_2 жыл бұрын
True but We weren't supposed to know that😂
@ricardom35972 жыл бұрын
Well actually those tax breaks went right back into the stock market thus causing an artificial rise in stocks ....aka stock buy backs you seem to forget the 10 trillion dollar covid relief bill was approved by trump well mostly approved by the corporations that own him but then again the stock market would crumble like a house of cards if socialism didn't keep bailing out failing companies and this all goes back further by the repeal of glass steagal and the notion of to big to fail
@nganpham78942 жыл бұрын
Trump tax cut increased stock prices (companies got more profits but did not reinvest or increase salary but pour more money to buy back their own stocks - which made stock price increase - which in return secured CEO's high compensation) and current trillions dollars printed increased the stock price (dramatically increase retail investors) are two different issues.
@kama61962 жыл бұрын
If you want to earn CEO salary, be the CEO. Go apply and become a CEO or start your own business.
@davontawilliams39582 жыл бұрын
How can I apply to become a ceo ?
@JonathanSorunke2 жыл бұрын
The comments are about to be spicy!
@cheezybred2 жыл бұрын
Once people realize that inequality is the feature they sill stop complaining about it. The skillset and value of a ceo is obviously exponentially higher than a bank teller or a cashier. People need to focus on themselves and their skillsets to make themselves valuable. If you can be replaced in a day by someone that will do your job for less, then you need to do more.
@xyzzy45672 жыл бұрын
There are scattered examples of poor performing CEOs making a killing, but by and large a good CEO is worth many multiples of their salary. They are steering the ship, and you better have a competent person at the helm or your firm is going to run into an iceberg. It’s a stressful job, and the hours are outrageous.
@xcconsulting2 жыл бұрын
Great segment!
@rshawon19822 жыл бұрын
Worker should get paid more, I have no problem how much Ceo or Queen of england make ok maybe the Queen is a problem cause she don't do anything in her life , if it brother's then become by yourself one , no one stopping u right???
@muhali32 жыл бұрын
And the Japanese were getting mad at Ghosn for making
@Randomcharacters_2 жыл бұрын
This video has a lot of things in it, but does not explain how we can go about fixing it.
@Randomcharacters_2 жыл бұрын
@Eve R. Yeah, because corporations have made it so hard for labor unions to be formed. As it stands corporations can lie blatantly to us and get away with it.
@Berlintheking2 жыл бұрын
Only way to fix is to make everyone poor.
@Randomcharacters_2 жыл бұрын
@@Berlintheking The CEO's are doing a good job with keeping pay low, and killing off any labor unions
@AlinSabo2 жыл бұрын
It's very simple, become more valuable. They didn't provide the solution because they want to bring compensation down they never consider that the right way would be to upgrade your value. But I guess that would be the hard way and that's why it's easier to cut compensation from other people than to become better yourself
@TheOneAboveAllx2 жыл бұрын
The harder you are to replace the more money the market pays you.... most employees are replaceable, good ceos are not. The same logic applies for sports athletes, famous actors,singers etc. Apart from that, government policies of creating "equality" by printing trillions and keeping interest rates low has caused this massive gap due to the stock market being artificially inflated which automatically boosts ceo compensation which consists mostly of stock options!
@archived45302 жыл бұрын
Well said!
@TheOneAboveAllx2 жыл бұрын
@White wolf yes...if you want to replace a good ceo you have to pay what you already paid your previous one if not more.... except this if you mean anything else, you are pretty naive.
@shanep.94422 жыл бұрын
@White wolf Exactly, the idea that CEO's are mythical, magical geniuses is baloney. Many of them perform mediocrely or poorly. Even when they fail, they do very well financially.
@KGSTUNNERJ2 жыл бұрын
@@shanep.9442 So why don't you become a CEO?
@shanep.94422 жыл бұрын
@@KGSTUNNERJ I was a CEO for 4 years.
@nickaoke2 жыл бұрын
Yo, that's the yacht from Point Break (2015). Cool!
@jessvagnar49572 жыл бұрын
The pay gap between a CEO and the average worker is NOT what is 'causing anxiety'. 'The anxiety' is not well founded and the questions of genuinely founded anxiety presented are not examples of me looking up to see how much more my CEO makes than me. That isn't what determines if I have food on my table. I thumbs'd up the video though, I like the reports energy and enthusiasm for the work.
@jessvagnar49572 жыл бұрын
CEO pay increase 1322% since 1978 and the stock market capitalization rate grew ~6,400%. While there are more companies on the NYSE today it's clear company evaluations have gone up and they're all competing with other companies for the best CEOs for their brands. Company valuation and CEO pay are highly related especially considering stock compensation and golden parachutes.
@jessvagnar49572 жыл бұрын
Worker productivity is not always attributed to a workers unique talent, skill, or 'above-average' ability as the video was referencing. Productivity may be applied to inventions such as computer, machines, tooling, materials, etc. These do not overlap with a McDonalds worker to say they are irreplaceable or a factory worker to say they are indispensable enough to justify a 50% increase in their pay without another human being saying they will do it for less. The marketability and demand of the average workers skill is still that, average.
@EvelynDHaene2 жыл бұрын
Maybe you can start your own company and take all of the risk that business owners take. Unnecessary jealousy
@Andre-xf7tp2 жыл бұрын
What risks did the CEO (not founder) take to earn exponential money than the best engineer in the company that actually makes the product?
@kevinm.86822 жыл бұрын
"I'll nEvER MaKe As MuCh As mY CEO!" Not with that attitude....
@Zyrock2 ай бұрын
She said the chances are pretty low slim to none Which statistically she’s right
@tonybob7912 жыл бұрын
Take a look at Dan Price. CEO of Gravity Payments. He raised everyone's salary to $70k while also taking a $1000000 pay cut. He didn't do it because the company was struggling. In fact the company has grown since then.
@danielmankinde17062 жыл бұрын
Lol that’s a a fintech company that probably employs less than 1000 people Go try that with a construction company or a farm and see how far it would Be sustainable
@TheHauntedKiwi2 жыл бұрын
@@danielmankinde1706 I don't see Bechtels CEO laying concrete. Fact: executives are the least important people to a company.
@islamiconasheed Жыл бұрын
@@TheHauntedKiwi Wow, what BS
@jermainemyrn19 Жыл бұрын
@@islamiconasheed Actually he's right. If you aren't doing the job generating income, wtf you need a CEO for. The money is pouring in from employees, not one guy at the top. Otherwise, why have employees if he produces so much all by himself?
@faridzishak62552 жыл бұрын
So you think a normal employee should be paid equally as the CEO ? thats a no brainer.
@jermaineporter11012 жыл бұрын
So she make bout 86k a year
@199106020112 жыл бұрын
In my country we are still working with 2013 salary
@shalala86282 жыл бұрын
In my country, engineer get paid the same salary in 1995
@199106020112 жыл бұрын
@@shalala8628 what country?
@shalala86282 жыл бұрын
@@19910602011 malaysia
@awgharris2 жыл бұрын
This is a parody, right???
@AnhTuPhucDerrickHoangCanada2 жыл бұрын
CEOs are paid in stocks? 100% vax?
@royt64taylor17 Жыл бұрын
Before piling in the video should split the commentary between start up founder CEO's and mega corp hired CEOs The ones that near killed themselves getting their start up off the ground deserve what they make, just check out the story of Peloton But the career CEOs spat out from the ivy league - I have no sympathy.
@temitopeakinpelu2366 Жыл бұрын
Hi, even if more equality is achieved; for example, we are able to increase worker compensation. Wouldn’t that just increase the price of goods and services? Then everything will be relatively expensive.
@TheGogetassj2 жыл бұрын
To be fair, CEO like Elon Musk took $0 as a salary and just have stocks options when the Tesla hits different milestone. Most people just want a paycheck for the hours that they worked. Maybe we can change the compensation structure, and pay employees less wage and give them some equity in their company
@MrHollister262 жыл бұрын
Maybe equity doesn’t pay the bills hard money does
@TheGogetassj2 жыл бұрын
@@MrHollister26 exactly, CEO takes on the risks of just getting stocks. Employees took less risks and getting guaranteed money for hours they worked.
@zomils2 жыл бұрын
@@TheGogetassj and they buy in the company before some employees are even born
@ampersignia2 жыл бұрын
He was already a millionaire at that point, he didn’t really need a paycheck
@joeltnt9082 жыл бұрын
@@MrHollister26 You can sell your equity for hard money.
@libertariancountry39208 ай бұрын
You can make as much as your CEO. Start your own business. Remember, you aren't a worker, you are a sole entrepreneur. Your "employer" is simply a customer. Think outside the box.
@Berlintheking2 жыл бұрын
Hi AJ Hess, It seems like you are making around 85,000/yr from what you have said. That means an average Indian has to work 535 year's to make what you are making. Don't say the living cost is too low in India. Petrol costs $5.5/gal in India. You are of course, in the top 1% of the whole world. The size of the wallet has nothing to do with contentment. Contentment is where true wealth is. Cheers
@NeoFreezz Жыл бұрын
CEOs are so grossly overpaid they can go 10 years without pay and still be fine, but they choose to cut from the base of the foundation. the hardworking people who kept the gears turning are the ones that gets hurt first when companies get in trouble. when the companies does well, the CEO is the one getting the bonus, not the hardworking ground level employees.
@CT-yc4gd5 ай бұрын
2009. Got laid off. Mom killed herself. My step mom convinced my dad I was just a leech in her eyes. Got a business going started making much more. Then they wanted help. Money is all that matter "mom." Go republican capitalism. She should've made better choices.
@Fuego9582 жыл бұрын
"Worker productivity has increased 3.5 times faster than average worker pay since the 1970s." Who is creating this increase in productivity? If workers are creating the increase in productivity, how? Did workers begin working 3.5 times more productively, despite not being paid more? Why would workers do that? If workers are the source of increased productivity, there would have to be some unnoticed innovation that explains that and which many workers began to implement (coincidentally) more or less at the same time. Neither the host nor the guest in the video offer any such explanation. Obviously, the companies which employ the workers created innovations that increased productivity. Companies making workers work harder or work longer hours is also an insufficient explanation for the increase in productivity. Labor is the largest expense companies pay. Every company has a vested interest in reducing its workers' hours of employment. The entire economy is based on labor-saving technology and management approaches. If simply having employees work more hours made a company successful, every company would tell its workers to work the maximum hours possible. Not being responsible for greater productivity gives you absolutely zero claim to the additional value the company creates. Just because you pull a lever that puts the finishing touches on an assembly line product does not mean you should get paid in equal portion to the CEO who ensures the entire process works from start to finish.
@gavip242 жыл бұрын
Is greater productivity due to computers and tech? 1970s there wasn’t as much as now
@Fuego9582 жыл бұрын
@@gavip24 And...
@gavip242 жыл бұрын
@@Fuego958 isn’t that why worker productivity increased? They aren’t working triple full time jobs. So it’s the technology that helped increase it. So what’s up with ur AND? Lmao
@komentierer2 жыл бұрын
wtf are you talkig about?! Productivity has nothing to do with how much, how hard or how long you work! It's an economic term tied to the financial success of an economy or a sector, usually described using GDO. If you don't know the answer to a question you have, you can't just assume/claim that nobody does and go on an insane hypothetical tangent. You made a wrong assumption and drew a bunch of false "conclusions" from there on out, which grew increasingly more ridiculous. That's just nuts.
@CorporatePantsula2 жыл бұрын
I genuinely don't have the drive, to work as much as CEOs too. I don't even want too earn that much, it's too much work.
@dopemusic64142 жыл бұрын
The math is simple, who is harder to replace the CEO or the employee? Just look at any job board there are countless job openings for various roles within organisations very rarely do you see vacancies for CEO roles very, very rarely.
@justina49142 жыл бұрын
That’s because most CEO’s are NOT pulled from a job posting. You have recruiters trying to reach out to potential candidates
@Bibirallie2 жыл бұрын
And the responsibility
@topcomment38162 жыл бұрын
Did you seriously expect to see an opening for CEO on ziprecruiter? 😂 You don’t need to be talking about simple math. Just simple logic.
@justina49142 жыл бұрын
@@topcomment3816 Can’t imagine a CEO looking in indeed for their next job lol
@dopemusic64142 жыл бұрын
@@topcomment3816 What I work for a charity and the CEO role was advertised on The Guardian job section. It happens but seldom.
@robertmurphy83842 жыл бұрын
Why don’t you combine all the workers wages in a year against a CEO? Anybody can flip a burger but what one person can make all the huge decisions for a company ..
@jamesfield61412 жыл бұрын
The wages for workers don’t even keep up with inflation lmao
@lifeoferic34662 жыл бұрын
@@jamesfield6141 facts
@junguchoi83182 ай бұрын
Hollywood actors make tens of millions a year. Professional athletes make tens of millions a year. Viral KZfaqrs make millions a year. Comparing your small salary to these high paid people is a pointless thing.
@blackmagnetica87142 ай бұрын
Those aren't CEOs lmao
@unclebill31612 жыл бұрын
85k $ is not that bad u know
@christopherreed3019 Жыл бұрын
true..but how often do companies get tax cuts? I think dude is being disingenous...CEOs deserve EVERY penny in my opinion
@TimCasey4442 жыл бұрын
Ask Laurence Mitchell why he makes more than an iron worker that works 100x harder than he does on his laptop.
@joefunk762 жыл бұрын
With automation, companies make more money than they used to with far fewer employees. Somebody gets all of that money, and that somebody is the CEO. For the record, most don’t deserve it and they definitely didn’t earn it. That’s modern capitalism - the rich stealing from everyone else - for you, and the fruits of your labor especially are not immune to it.
@zachdobson8852 жыл бұрын
How about pro athletes and celebrities making the same with less responsibilities? Should they be paid less too?
@markngure49632 жыл бұрын
No because that money would go to the owners not to mention everyone in this country willing pays to see them it’s a fair distribution of wealth between owners and players and the cities that host the teams
@fredstanley4192 жыл бұрын
Most pro athletes have powerful unions that split the league revenue pretty well. In the nba it’s 50/50 between the workers and the owners
@alyssahubbell51602 жыл бұрын
You make a very big assumption that celebs and athletes have “less responsibilities.” Athletes often workout multiple times a day and their entire lifestyle is dictated by their career. They have to travel away from their families constantly and make sure they’re mentally and physically sharp. Athletes, like celebs, are thrust into the spotlight and become targets of hate and criticism. Paparazzi follow their toddlers around until their terrified. Being in the spotlight is a 24 hour job. And musicians make their money from writing and performing songs and selling their likeness. You might be surprised at how many musicians are actually in debt to their record labels for decades (if they ever get out at all). And let’s not forget about 3am set times in the freezing cold for some actors. Or the actors who literally have to starve themselves or become obese for roles they take on. Or the risk of failure and poverty many of them took in pursuing their art form. There are certainly a lot of perks that come with being a celebrity. But they’re also looked at like caged animals in a zoo. And a lot of them went through a lot of rough times to get where they are. Katy Perry’s car was repossessed more than once before she earned her success. Maybe try on some empathy. The grass isn’t always as green as you think it is.
@cynthia19052 жыл бұрын
@@alyssahubbell5160 so the CEOs just got their money easily?
@russellnolan92122 жыл бұрын
There's Earned Income from a very wealthy team owner or entity paid to the pro; who in-a-second can become injured. PASSIVE Income, well sounds like it just comes and once you are the benefactor of the process... I think performers/ athletes: performing are picked by the people to love or follow. 'Where as the wealthy owner could be a jerk and continue and continue. THE well-to-do get that political machine going. Business takes care of it's own to do business. Business writes the TEXTBOOKS, ADVERTISEMENTS,... NEWS that you see to tell you to work hard, do what people want, and they will pay you! That's from the tops' interests, through the tops' business partnerships. Athletics takes skill, strength, speed, etc.. Playing is seen as a meritocracy. Singers get far less than the producers' cut, but I don't think those producers are usually as great at the performing.
@sammen892 жыл бұрын
The best in the sports world receive outsized compensation. The best in the entertainment world receive outsized compensation. The best in the business world receive outsized compensation.
@SirenOffspring Жыл бұрын
This is where all the inequality is, not racism.
@pvpsound Жыл бұрын
All CEO’s should be like Dan Price, CEO of gravity payments
@jstar6292 жыл бұрын
AJ looks like a young Sean Penn
@cordawg892 жыл бұрын
So I see a lot of comments here about skills, education, risk, etc and how doing this and that will help you get ahead. That is both true and not true. It’s expensive to be poor and things like lack of education, healthcare, and transportation for poor communities make it harder for economic mobility to occur. So it’s a combination of luck and skill whether you can get to the top or not so please avoid blanket statements. Regardless of your view on economic policy, one thing is clear. Severe economic inequality leads to societal instability and is a challenge to democratic institutions. History has shown us this many times in the form of the French Revolution, Russian Revolution, rise of the Nazis, etc, and everything that followed an event of economic inequality resulted in dictators and worse. There is nothing wrong with compensating properly for different skills and level of skill, but at some point if it gets to ridiculous levels for reasons that aren’t even skill based, it’s going to be a problem for all of us. CEOs included.
@nikitqa69852 жыл бұрын
Great observation man
@lucasdurham68302 жыл бұрын
Correct. It is important to add that the government is not the solution. A weak US dollar and inflation hurts the people on the bottom
@tobias26882 жыл бұрын
85k should be enough to pay for a better hairdresser 🤣
@shockmath29122 жыл бұрын
Interesting and undeniable fact. The question is how would we design an alternative world such that there's less inequality and we still can maintain productivity growth.
@shockmath29122 жыл бұрын
@Jason Wu As your “arguments” go, I don’t think of inequality from a personal perspective. That is, I don’t care if other people make more and I don’t take other people’s stuffs. More seriously, inequality can arise due to a variety of reasons and have consequences. Many imperfections in market allows firms to exploit market power, generate distortions and hinder competition. This leads to more inequality. As firms get bigger, they can further bend the rules to their advantage, potentially leading to a vicious circle. Inequality is not inherently bad (it’s part of all society), but too much inequality can create social instability and breakdowns of social constructs.
@shockmath29122 жыл бұрын
it also harms long-term growth & productivity of US if inequality in income/wealth translates to inequality in opportunities of individuals. Talents need not be born rich and should have equal chance as those born from wealthier family.
@Berlintheking2 жыл бұрын
Alternative will produce Venezuela.
@BrianJOlds Жыл бұрын
It's rare to find a great journalist who is also entertaining, great piece AJ
@a0042 жыл бұрын
Man this video was boring. Which is a shame, because I find AJ to be a great video host
@brendenhunt20262 жыл бұрын
Maybe you could just cap CEO pay as a multiple of the lowest paid worker. If compensation includes stock options then that should be offered as the same multiple to all employees. To be fair, the job of CEO carries far more responsibilities and often a lifetime of dedication and luck to make it to that position. We should all be able to understand why they are paid more, it just needs to be limited as to how much . I personally think politics concerned with wealth inequality should focus more on bleeding down generational wealth that relies on interest to create future wealth. Money is just a means to motivate people to work.
@kevinm.86822 жыл бұрын
The funds that are supposedly tied up in generational wealth are not a problem. Wealth is not finite. It's not like in the game Monopoly where for me to have all the $500 bills, nobody else can have any. In the real world, everybody can (metaphorically) have $500 bills. Generational wealth is the ticket. You want to be in a situation where you are not working to generate your substance, you're working for the betterment of society. With generational wealth paying your expenses,, apaid for house and no debt, you can focus on something other than what you will eat for dinner tonight. That is an enlightened society. That is what we must strive for, and generational wealth will get us there if it's used properly.
@romancourt64432 жыл бұрын
AJ: keep doing reports as tight as this and you’ll soon *BE* the CEO. Cheers and thanks!
@HangNguyen-ih8rf2 жыл бұрын
1st: am I the only one not understanding this video? 2nd: why is that economist blink so much like he’s lying/holding his tongue?
@Ducky_logan Жыл бұрын
Why is there a random Yacht clip. Haha
@StampitisDP2 жыл бұрын
Umm... 9 times out of 10 those CEOs deserve it. Think about this way, who should make more? The cook or janitor of the ship, or the Captain who's responsible for the cook, janitor & everyone else plus the success of ship as a whole??
@ZombieEater10012 жыл бұрын
@@jamesg7016 you get paid what you’re worth on average. If companies want to attract good ceos that have to pay well
@ZombieEater10012 жыл бұрын
@@jamesg7016 the market doesn’t care about your made up wage targets, they care about value added! That being said governments can decide to tax them higher and redistribute the wealth if they wish
@infini.tesimo2 жыл бұрын
@@jamesg7016 so...you're saying it's immoral because they chose the right ideas from others and made the company more profitable? That's not easy at all as you're making it sound like. Also, their salary is FAR smaller than the amount mentioned, their total income comes from the stock options cashed which you didn't even mention.
@StampitisDP2 жыл бұрын
@@jamesg7016 If I'm coming to your establishment asking for a paycheck, as long as you're within the laws, you make the rules. At the end of the day, I agreed to them. I could very easily take my skills elsewhere and if there is collusion, I could boycott for leverage. Power respects power. Not pity. Think about this as well, do you really think companies care about the plight of BLM? Or do they care about image and ultimately losing customers??
@StampitisDP2 жыл бұрын
@@jamesg7016 I agree with you but we live in a capitalistic society. It is what it is.
@chantyclause2 жыл бұрын
I think your title is wrong, it should be changed to 1000x as much, not 100.
@Crazy-Clown-In-Town7 ай бұрын
It should the law that CEOs should get paid minimum wage.
@keithwisdom16633 ай бұрын
If you reduce compensation to ceo that money will have to spread over 50 k employees so that will mean they get 5 more per an hour. The move is benefits stock options equity tuition child care lunch room free etc😊
@austinmejia32102 жыл бұрын
Sounds like socialism to me
@paulinesmagic959111 ай бұрын
In the past CEOs did not make as much because it was understood that employees who make more spend more and this is what keeps capitalism alive. I order for capitalism to work for the entire nation or world, people must be able to make enough to spend so the money circulates. If one position holds the majority of the funds in every company then this causes inflation and upset in supply and demand then stimulus and more wlefare program funds to be spent which then more money is printed(aka national debt). Old money is somewhere in a CEOs account not being spent back into the economy. Cash circulation is the life of capitalism and we see today CEO are raking in but all across the world capitalism is dieing. Workers which are also customers are the life force of capitalism. Ceo take pay cuts and putbit back into your employees and conpany or lose everything cause that will happen if this doesnt get fixed soon.
@Shamwilder10 ай бұрын
This is the biggest atrocity of our species.
@kenvanlit4022 жыл бұрын
And think; not for profits now have proliferation of C Suites who take up a large portion of the organisation's administration budget. You have companies who have $10m in sales and the CEO earns $250k in Aus.
@pwilliam2552 жыл бұрын
You can’t be starved into submission. That is how it worked a couple years ago, and it is so obvious, they just casually mention it like everyone knows that technique is an agreed upon tool to use on the working class in America.
@RTM661 Жыл бұрын
That’s because workers are modern-day slaves
@shannondavis572810 ай бұрын
CEO’s & Executives don’t get paid on performance because if that’s the case WallStreet & Bankers would’ve never got bailed out in 2008 with ridiculous bonuses for their poor performance and as a failed financial institution!!!
@qasim52792 ай бұрын
5:22 on the other side ... the workers didn't do anything to increase profits either so the one who takes the greatest risk in the business should get the greatest upside when there is one, why would it be workers who can be replaced at the click of a finger
@zonnie8882 жыл бұрын
Unions make it easier to collectively bargain. That’s not a reason why wages are sluggish-if anything it’s why wages have increased.
@Onehourworkout2 жыл бұрын
This is why we need to break out pitchforks
@JonesJr8762 жыл бұрын
Volume low when max on my phone
@bob007fl9 ай бұрын
Yup that’s America great country no surprises there you work hard and smart
@NgolaNalane2 жыл бұрын
Lol eat the rich
@bladmoreno2 жыл бұрын
The title is so misleading. They don’t even explain why the CEOs make so much money
@BetterYouNow2 жыл бұрын
What's up with this channel, first ppl promoting their KZfaq channels and now this video, it's all clickbait BS lately. Am considering unsubbing.
@geraldgeraffe22092 жыл бұрын
The only one who can save Skyrim now is Jarl Marx.
@Triple1092 жыл бұрын
US firms to leave the USA.
@Tommy-Eagle-USA7 ай бұрын
We made record profits, pizza party!!
@ryanfrizzell7362 жыл бұрын
Interesting. Now I know more about why “CEOs make 100x more than their workers.”