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Topic	No wage growth for the median worker since 1979, except from 1996-2001
s0nicfan 08/21/18 11:53:03 AM #35:	Darkman124 posted... principally, apple was people at the very top gaining a ton. apple employs 123,000 total staff. given their market cap, that is actually a very low number of workers/company value. by comparison, CAT employs 97k and is worth less than a tenth of apple. GE employs 3x as many and is also worth about a tenth. measuring 'net gain to society' is again a very vague and hard to define concept. but it's not a company's job to provide that. nor a CEO's job. their job is 'maximize shareholder value.' nothing more. sometimes this hard to define 'gain to society' is produced. other times it is not. you would have to weigh the suicides at their subcontractors' factories in to calculating their net value to society, btw. https://www.forbes.com/sites/garydallen/2014/08/04/disappearing-numbers-mask-apple-retails-performance/ In 10 years, apple went from employing ZERO FTE retail store employees to 41,000. Does that get factored into the benefit of the company's growth to wages? If Jobs' salary went up by 10x of their janitors, but Jobs work created 41,000 new FTE positions, why would we assume that his salary should have increased at the same rate as people at the bottom? --- "History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz <cite>s0nicfan posted [p:907281074] in No wage gr... [t:76923153]...</cite> <quote><cite>Darkman124 posted...</cite> <quote>principally, apple was people at the very top gaining a ton. apple employs 123,000 total staff. given their market cap, that is actually a very low number of workers/company value. by comparison, CAT employs 97k and is worth less than a tenth of apple. GE employs 3x as many and is also worth about a tenth. measuring 'net gain to society' is again a very vague and hard to define concept. but it's not a company's job to provide that. nor a CEO's job. their job is 'maximize shareholder value.' nothing more. sometimes this hard to define 'gain to society' is produced. other times it is not. you would have to weigh the suicides at their subcontractors' factories in to calculating their net value to society, btw.</quote> https://www.forbes.com/sites/garydallen/2014/08/04/disappearing-numbers-mask-apple-retails-performance/ In 10 years, apple went from employing ZERO FTE retail store employees to 41,000. Does that get factored into the benefit of the company's growth to wages? If Jobs' salary went up by 10x of their janitors, but Jobs work created 41,000 new FTE positions, why would we assume that his salary should have increased at the same rate as people at the bottom? --- "History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz</quote> ... Copied to Clipboard!
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