Wonderful “breaking news headline” too
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COVID-19
- Thread starter Treetop Flyer
- Start date
Bill Maher bruh. People need their fear porn.
NYC is the most densely populated place in the country. I don’t get on packed busses or subways. I don’t have multiple roommates crammed into a tiny apartment. NYC is not representative of the vast majority of the country. Living in suburbia and driving to an office is not nearly the same level of exposure.
Somehow Sweden isn’t having to use bulldozers to clear the bodies from the streets. Instead those streets have people sitting at cafes living their lives.
Analysis: Is Sweden right in its handling of COVID-19?
Risky, reckless, an outlier... Sweden has been at the centre of much debate over the past few weeks. Our Political Editor, Darren McCaffrey, asks "Why has it not ruthlessly pursued lockdown like everyone else? Is it doing the right thing?"www.euronews.com
Agreed. The Swedish government handled this crisis like mature adults, and will still have a working economy when this is over.
Our government panicked like scared children, and destroyed three years of positive economic growth in a matter of weeks. Hoping those in power can pull their head out of their ass soon and open up the country, before we hit 1930s levels of poverty.
I’d love to be optimistic on this but I fear it’s already too late.
Investors think the coronavirus has put the US economy into another Great Depression: strategist — Yahoo Finance
Strategists weigh in on how much economic gloom the stock market has priced into up to now.
1 in 6 Americans has lost their job in coronavirus pandemic — CBS News
About 4.4 million Americans applied for unemployment benefits last week as the fallout from the pandemic continued.
D
Deleted member 24525
Guest
View attachment 25338
[/QUOTE]
This is your quote that I’m responding to:
“A higher minimum wage also means less people that a company can afford to hire. Less workers=less people buying crap. Let companies compete with each other over talent. Wages/benefits will work themselves out.”
Listen, I give ZERO fucks how much money Jeff Bezos makes-zero-good on him. HOWEVER, your argument is that he can’t affford to hire more people if the minimum wage goes up-and that’s complete horseshit. He CAN afford it. He just doesn’t want to.
so NO, advocating for higher wages from the working class is not Leninist or Marxist, but nice try.
I can not believe how much we argue against our own benefit.
[/QUOTE]
nope.
This is your quote that I’m responding to:
“A higher minimum wage also means less people that a company can afford to hire. Less workers=less people buying crap. Let companies compete with each other over talent. Wages/benefits will work themselves out.”
Listen, I give ZERO fucks how much money Jeff Bezos makes-zero-good on him. HOWEVER, your argument is that he can’t affford to hire more people if the minimum wage goes up-and that’s complete horseshit. He CAN afford it. He just doesn’t want to.
so NO, advocating for higher wages from the working class is not Leninist or Marxist, but nice try.
I can not believe how much we argue against our own benefit.
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I recently read a chapter from the book "Humble Pi - When Math Goes Wrong in the Real World" that made a convincing case for why CEO pay went up so much and stayed there.
Part of a typical CEOs compensation is in stock options. Prior to 2006, the valuation of stock options was often misunderstood by company boards, and during a period of economic expansion, they began compensating CEOs in what amounted to a lot more money than they realized. Then, a formula was released that allowed options to be valued effectively (the guy who came up with it apparently won the Nobel Prize in Economics). But by then, CEO pay had effectively tripled due to what amounted to years of over-payment in the form of stock options. Thus, it led to a new, unintended high valuation for CEOs, and a "new normal" for their compensation package.
[tl;dr]: Companies now pay their CEOs proportionally three times more than they used to due to a misunderstanding of how to value a particular type of security. I'm sure there are other factors at work, but it was nice to read something other than the "Greedy CEOs are hogging all the cash!" media narrative.
Part of a typical CEOs compensation is in stock options. Prior to 2006, the valuation of stock options was often misunderstood by company boards, and during a period of economic expansion, they began compensating CEOs in what amounted to a lot more money than they realized. Then, a formula was released that allowed options to be valued effectively (the guy who came up with it apparently won the Nobel Prize in Economics). But by then, CEO pay had effectively tripled due to what amounted to years of over-payment in the form of stock options. Thus, it led to a new, unintended high valuation for CEOs, and a "new normal" for their compensation package.
[tl;dr]: Companies now pay their CEOs proportionally three times more than they used to due to a misunderstanding of how to value a particular type of security. I'm sure there are other factors at work, but it was nice to read something other than the "Greedy CEOs are hogging all the cash!" media narrative.
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It will be an interesting experiment if/when Universities open back up in the Fall. That's a big part of a lot of town economies. Even if the students are young and resilient, the professors span the age range. Dorms are close quarters.
What are the academies contemplating right now?
What are the academies contemplating right now?
D
Deleted member 24525
Guest
Myself and the person you quoted are not making the same argument. I WANT the CEOs, and anyone in America, for that matter. To make as much as possible. I’m not going to say “who NEEDS 20 mil or 25 million.”
I’m simply stating that hiring less people isn’t the only option, raising prices isn’t the only option if you increase minimum wage.
good on them for making a lot of money, but pay your fucking people.
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ABMD
Bullets don't fly without Supply
They are cutting staff and laying off employees. I saw a headline yesterday that Johns Hopkins was projecting $475 million in losses.
ABMD
Bullets don't fly without Supply
If people really wanted to see what CEOs of public companies make, in the form of cash compensation, all they have to do is look at the their annual 10-k filing (I'm a finance guy). Hint...it's heavily weighted toward stock options.
Wages represent compensation proportional to productivity, responsibility and the investment made by the employee to prepare for the job ( training, degrees). A minimum wage may force a business to pay employees more than they produce. And don't forget, many entry level jobs do pay more than minimum wage as that is what the market for labor demands in that area. There is no such thing as a minimum living wage. Woman with 4 kids and a car loan going to get paid more than a teenager for the same job? Who's living are you trying to support?
Among other reasons CEOs get so much stock, is because employees and stock holders resent high salaries for CEOs, especially when they are taking in a huge paycheck and the company is sucking wind. So, Boards start paying in stock to "tie" their CEOs to company performance. But usually they are options, sometimes they are gifted stock with no requirement to hold it, and many other tactics most employees and stock holders, don't understand. In the end, when performance is good, CEOs (and other officers) can rake in the dough. When performance is poor, CEOs still do just fine.
Post a pic, or it never happened. ?