Pattern-chaser wrote: ↑January 12th, 2025, 11:36 am
Sushan wrote: ↑January 12th, 2025, 1:36 am
I am neither disrespectful towards nor saying unnecessary for the blue collar jobs. Yes, they are vital parts of almost all organisations. Even if a single cog malfunctions, a whole machine will not work. But among these cogs, some are placed in strategically important places, and malfunction of such a cog will do more harm.
The "blue collar" worker who neglects the job they're doing can bring down to whole enterprise. If the negligence result in poor quality product, it won't sell... It takes the *whole* enterprise to make it all work. Even those who might seem 'less' in some way are vital to the overall success.
So my question stands, I think. What is it about a CEO that is worth so much more than the floor-sweeper?
You are an old man (even older than me) and you still haven't worked out the basics of life? Consider the concept of leverage. Consider the concepts of talent and ability. Of capability. We are not blank slates, or readily interchangeable. Some people really are smarter, more astute, more talented, more capable.
Have you seen successful companies go bankrupt due to a change of leadership? Have you seen successful companies go bankrupt because a floor-sweeper left?
Do floor sweepers live their jobs, working 80 hours a week and thinking about work or networking in their free time? Did the sweeper study the fine art of floor sweeping for years?
I agree that the difference today between top and bottom is disproportionate, but that's a function of supply and demand. If it was easy to replace your overpaid CEO with another, without it causing problems, CEO salaries would be far lower. It's a wicked problem. It can be solved by significant changes in policy, but history tells us that the cure is often worse than the ailment, when it comes to economic matters, so reformists would need to step carefully.
Significantly raise taxes for the rich and they will leave, taking their wealth and talents with them to more favourable places. That would deepen the current declines.
Boosting productivity to lift all boats seems to be the way, and the keys there are energy, intelligence (human and machine) and a culture of industriousness.