- Capitalism and Alternatives -

Most of the money comes from profits.

Posted by: Red Deathy ( Socilaist Party, UK ) on May 07, 1999 at 12:17:35:

In Reply to: Their skills are very rare, the positions are limited and the responsibilities great. posted by Ludwig von Mises on May 07, 1999 at 10:31:21:

: What about when the CEO or board comes up with something that makes the plan even better? Without anyone going over what middle management did, things would be done with less eficiency.

So, they play a revisory role- surely then they should be paid less than the middle management- something more like an MP's salary.

: BTW, communism/socialism punish everyone but the factory workers, including middle management.

Erm, no, it doesn't, the abolition of the wages system would benefit middle management as well as shop-floor workers- management and office staff are workers too.

: Whoa, what company is this?

Dunno, look in back issues of business week. might have been a misprint...? I know the CEO of, I think it was SMith-Kliene Beacham, got 63 million in one year.

: OK, so they aren't good at giving credit to those that the article is not about. I'm sure that everyone realizes that we need factory workers, and that they do deserve some credit.

However, the Article was giving all the dredit to the CEO's, which just isn't true.

: You are correct! Their skills are very rare, the positions are limited and the responsibilities great. HOw many people on the factory floor could do this job? I'm guessing not many, unless they are quite young. Again, as I've said many other times, profit goes back into the business, in one way or another.

However, teh point is, if they simply recieved their wage, without share-options, bonuses, etc. their income would be a lot less, I'm not disputing that they work, but that they *earn* all their income, which is patently not so (and even teh scarcity of jobs is somewhat artificail, because of the very structure of that sector of the jobs market, I'm sure that pretty much anyone with a BAe and some experience could do the jobs, but that sort of thing isn't on the cards, thus preventing over-supply and a wage crash...).

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