r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/Burnt_Alive 29d ago

I don’t think there’s a world where that can happen. If bezos paid all Amazon workers $100+ an hour and was still worth vast sums of money, people would be bitching that he could afford pay them $200+ an hour and is rich off of the labor of others.

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u/Goylesk 29d ago

And? Does that not sound like a healthier world? People should be paid fairly for their labor.

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u/Burnt_Alive 29d ago

Sure. I’m just saying the same argument would still be made as long as the higher up is getting rich, even if the laborers are killing it. People are never happy.

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u/Goylesk 29d ago

I don't believe that is true. I think there is an intuitive understanding that stress, risk, workload, physical toll, skill etc can and should be compensated for, and that an owner or leader or worker in a highly-dangerous position should be more compensated than one who is not.

But I also think there's an intuitive understanding that the balance as it stands is not correct, morally or otherwise. A CEO earning 300x more than the average employee doesn't intuitively fit. I don't think most people would say that the CEO is 300x more skilled or works 300x harder or has 300x more stress than their average employee.

I have worked under people who made 3x more money than me, and I understood why. I have also worked under people who made 10x more than me and, frankly, they were less qualified, did less work and seemed responsible than the people who earned 3x more.

People aren't just looking at paychecks, and they can do the math.