Starbucks Forum:
Poverty and hunger are problems that many Americans relegate to the Third World. But the steady growth of poverty has left millions of American families afraid they won't have enough money to put food on the table.
http://money.cnn.com/2004/12/22/news/economy/poverty_overview/index.htm
1.1 million more Americans in poverty
37 million Americans total living in poverty in 2004, according to the Census Bureau.
http://money.cnn.com/2005/08/30/news/economy/poverty_rate.reut/index.htm
CEO pay: Sky high gets even higher
A new report shows top-dog pay bites shareholders, and alleges war profiteering among some CEOs.
http://money.cnn.com/2005/08/26/news/economy/ceo_pay/index.htm
Sure, CEOs make way more mone
Sure, CEOs make way more money than most of us, the Starbucks CEO being one of the top 5 highest paid employees in the Northwest, but this is a part of our stratified western lifestyle. I'm not ready to throw it all in the trash.
We don't need to fight to even salaries, but, and I am completely with you on this, we do need to fight to reduce apathy to the plight of millions.
I'm sure there's some reason CEOs make many millions more than I do.
[quote=young_barista]Sure, CE
[quote=young_barista]Sure, CEOs make way more money than most of us, the Starbucks CEO being one of the top 5 highest paid employees in the Northwest, but this is a part of our stratified western lifestyle. I'm not ready to throw it all in the trash.
We don't need to fight to even salaries, but, and I am completely with you on this, we do need to fight to reduce apathy to the plight of millions.
I'm sure there's some reason CEOs make many millions more than I do.[/quote]
What makes you so sure there is a ethically justifiable reason?
And more importantly what justification is there for the divide between CEO pay and the average worker to increase from 40 times what the average worker makes to close to 500 times what the average worker makes.
It’s no coincidence that this increase in the difference between rich and poor is correlated with rising poverty rates.
I can think of some ethically
I can think of some ethically justifiable reasons.
1. I mess up my job, the worst that can happen is some drinks may not be made correctly, or something in the store wont be stocked for the next shift. The CEO messes up, it can affect the entire company. Like, the possibility of some hardcore messing up. So this is probably a good reason why they make many many millions and I make $8/hr.
2. Had they not done something right, and made Starbucks what it was today, it would either still be a little shop chilling at Pike's Place, or possibly not even exsist anymore. I know if I helped make something as powerful and successful as Starbucks, I'd want millions a year as well.
[quote=DontFormAUnion]I can t
[quote=DontFormAUnion]I can think of some ethically justifiable reasons.
1. I mess up my job, the worst that can happen is some drinks may not be made correctly, or something in the store wont be stocked for the next shift. The CEO messes up, it can affect the entire company. Like, the possibility of some hardcore messing up. So this is probably a good reason why they make many many millions and I make $8/hr.[/quote]
This ignores the fact that CEO’s make their millions even when they are forced to resign for major screw-up.
In fact it’s not uncommon that the company has to give them more millions as an incentive to leave with out a lawsuit.
What’s your justification for that?
[quote=DontFormAUnion]2. Had they not done something right, and made Starbucks what it was today, it would either still be a little shop chilling at Pike's Place, or possibly not even exsist anymore. I know if I helped make something as powerful and successful as Starbucks, I'd want millions a year as well.[/quote]
Further more my question was not, is it ethically justifiable for a CEO to make more than you. The question was how is it ethically justifiable that the amount they make more than you went from 40 times more to 500 times more?
Would you find it justifiable if CEO’s made a 1000 time the average workers salary?
How about 10,000 times?
When is a CEO’s salary to big compared with the salary of everyone else?
I don't care how much a CEO m
I don't care how much a CEO makes. They do more with their job in a day than I probably will all my days at Starbucks. So do I care that they make what they do? No, and I never will.