How about this?

Current Events » in reply to I still say let's start offshoring CEO and COO jobs...

How about this?

Robert — 3/19/2004 2:16:53 AM (archived)

The ratio of CEO pay to the pay of rank-and-file workers has mushroomed to 419-to-1. It was "only" 120-to-1 as recently as 1990, and if the minimum wage had risen as fast as CEO pay, it would be $22.08 per hour (yeah right, raising the minimum wage to something above the poverty line would be such a crushing burden on American business).

So, how about a law that 1) caps the ratio, but doesn't reduce it (reducing it would be unwarranted government intervention, right?); but 2) requires that the ratio must be calculated against what the company pays its workers in the least expensive country in which they employ people. Or maybe it would be simpler to just say that CEO pay must be reduced by the same amount as the pay of offshored jobs is reduced.

In other words, let's offshore CEO pay!

The whole thread (46 posts)

Colin Powell reassures India - don't worry about job loss. - Bowser - 3/18/2004 12:58:07 AM
- heh heh. . . - Justin Kelly - 3/18/2004 1:09:25 PM
  - Oh, do you really expect me to believe - Davin L. - 3/18/2004 4:37:05 PM
    - 'many steps that can be taken' how about an obvious one? - Justin Kelly - 3/19/2004 1:17:19 AM
      - BTW: I named two obvious steps... Plus some empirical observations about globalism. - Davin L. - 3/19/2004 5:03:23 PM
      - Wow. I don't think you heard anything I said. Complete disconnect - Davin L. - 3/19/2004 4:05:56 AM
      - Uh, Justin, excuse me a second - Robert - 3/19/2004 2:23:29 AM
        
        on a serious note. . . - Justin Kelly - 3/19/2004 8:14:57 AM
        
        re: Uh, Justin, excuse me a second - Justin Kelly - 3/19/2004 3:12:35 AM
        
        You've been hanging out at the wrong bars (n/t) - alcaray - 3/19/2004 3:08:43 PM
        
        I didn't hang out at bars in the US (n/t) - Justin Kelly - 3/20/2004 2:11:13 PM
    - a question - SDG - 3/18/2004 10:34:49 PM
  - Well, I'm sorry. - Bowser - 3/18/2004 3:27:42 PM
  - great post, J (n/t) - phil - 3/18/2004 1:16:48 PM
    - Thanks P ;-) (n/t) - Justin - 3/19/2004 3:17:55 AM
- re: don't worry about job loss. - Tom Brosz - 3/18/2004 1:07:45 AM
  - 10 percent? - McFly - 3/19/2004 2:52:05 PM
  - re: don't worry about job loss. - McFly - 3/18/2004 4:56:18 AM
    - Lest anyone get the wrong idea - McFly - 3/18/2004 4:56:03 PM
      - I'm impressed McFly...... - Lindy - 3/18/2004 7:58:27 PM
    - Regulations - Tom Brosz - 3/18/2004 6:44:29 AM
      - Horrors... - McFly - 3/18/2004 2:20:20 PM
        
        re: Horrors... - Tom Brosz - 3/19/2004 2:07:39 AM
  - Only "10 percent". Just "10 percent". Merely "10 percent". (n/t) - Bowser - 3/18/2004 4:50:05 AM
  - Outsourcing is a minor threat; the real 'culprit' is productvity - m - 3/18/2004 2:37:08 AM
    - Lemme see if I get this... - McFly - 3/18/2004 5:26:51 AM
      - Yeah, great post! - Justin Kelly - 3/19/2004 1:54:55 AM
        
        And furthermore. . . - Justin Kelly - 3/19/2004 2:11:11 AM
        
        re: And furthermore. . . - RobVG - 3/19/2004 5:54:30 AM
      - That is a GREAT point. - Bowser - 3/18/2004 6:03:59 PM
      - Nope - Larry J - 3/18/2004 2:21:27 PM
        
        re: Nope - Tom Brosz - 3/19/2004 2:11:27 AM
        
        Myth - Bowser - 3/18/2004 3:33:22 PM
        
        Drug companies will never stop R&D, though they may threaten to do so. - Mary Anne - 3/18/2004 3:12:44 PM
        
        If they can't recoup their investment, then they'll have no choice - Larry J - 3/18/2004 4:15:32 PM
        
        Maybe they should outsource R&D to India? (n/t) - Robert - 3/18/2004 11:21:04 PM
        
        I still say let's start offshoring CEO and COO jobs... - McFly - 3/19/2004 1:59:02 AM
        
        How about this? - Robert - 3/19/2004 2:16:53 AM
        
        'outsourcing CEO Pay' - I'm all for it, They are subject to the free market as well. (n/t) - Justin Kelly - 3/19/2004 3:16:06 AM
        
        Sure! . . . and whose fault would that be? (n/t) - Justin Kelly - 3/19/2004 1:33:06 AM
        
        Why not recoup their (relatively small) investments from Canada? And Mexico? (n/t) - Bowser - 3/18/2004 6:11:41 PM
        
        myths about drug companies - Davin L. - 3/18/2004 4:48:55 PM
        
        Without new product, they will be left with expired patents and competition with generics. Period. - Mary Anne - 3/18/2004 4:43:11 PM
        
        re: Without new product - Tom Brosz - 3/19/2004 2:24:34 AM
        
        When the small-plane industry lowers blood pressure for millions and annihilates cancer cells without surgery, let me know. - Mary Anne - 3/19/2004 7:11:25 PM
        
        Some reforms are needed - Tom Brosz - 3/20/2004 1:47:11 AM

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