In November, Business Insider estimated the average Walmart worker’s yearly salary at a paltry $29,469. The outlet observed that McMillon’s compensation as Walmart CEO was more than triple the 295-to-1 ratio in 2014.
“CEO Doug McMillon was the second-highest-paid CEO in this list with a compensation package worth $27.4 million — a pay ratio of 930:1,” Business Insider said. Former Labor Secretary Robert Reich (@RBReich) has frequently highlighted the problem on social media.
So let’s say the average Walmart worker works 2,000 hours and earns 2,000 hours. Let’s say the CEO worked 6,000 hours (working every waking hour of every day of the year, minus 7 hours for sleep). By this ratio, the CEO earned 1,860,000 hours. To put that in perspective, the average worker “earned” 83 days, while the CEO “earned” 212 years.
The low-value jobs you’re talking about are essential to the basic functioning of society. That is your food, water, and sanitation. If they stopped doing those jobs, you would die within days or weeks. What you are saying, essentially, is that you think those jobs should be done but that the people who do them should be poor.
LOL. Some people’s 1 hour is worth more than other’s.
Are you going to pay them 1.5 hours for each hour worked?
If only there was a way we could keep track of how much value people earned in an hour of work.
So let’s say the average Walmart worker works 2,000 hours and earns 2,000 hours. Let’s say the CEO worked 6,000 hours (working every waking hour of every day of the year, minus 7 hours for sleep). By this ratio, the CEO earned 1,860,000 hours. To put that in perspective, the average worker “earned” 83 days, while the CEO “earned” 212 years.
Can you explain what exactly the CEO did that made his work hours THAT MUCH more valuable than the average worker? Link to source: https://www.yahoo.com/news/articles/walmart-ceo-sparks-backlash-report-024000016.html
The low-value jobs you’re talking about are essential to the basic functioning of society. That is your food, water, and sanitation. If they stopped doing those jobs, you would die within days or weeks. What you are saying, essentially, is that you think those jobs should be done but that the people who do them should be poor.