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Originally Posted by Spexxvet
And it's the people making gobs of money at the top end that are taking away the ability to increase wages at the bottom end. There is a limited amount of wealth in the system - what goes to one person is no longer available to go to someone else.
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If they didn't get it, the owner (stockholders) would. The owner determines how much the top end people, as well as the peons, are paid. I don't think the CEO is worth
365 times what I am, but the owner doesn't feel that way.
Whatever they determine, because they are calling the shots
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The richest people in the country typically get their wealth, or the start of their wealth, from family. It isn't a reward for *their* skill and effort, it's handed to them on a silver spoon.
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That has nothing to do with the fact that a paycheck is a reward for skill and effort. The people you are talking about don't get paychecks.
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You've asked who determines "need" and "ability". Who determines "comensurate reward"?
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The one paying it... he determines what it's worth to him.