Jim Hightower's Lowdown

CEOs Show Us How To Raise Everyone’s Pay


Listen Later

Here’s a progressive idea I picked up from the unlikeliest of sources: Corporate CEOs!

For decades, these chieftains of our economic order have been steadily implementing a very visionary process for establishing corporate wage levels. The essence of it is this: Let the workers set their own pay! Since the 1970s, when the idea began taking hold in Corporate America, pay levels have zoomed up by more than 1,000 percent.

Upgrade your subscription

Well… not for you. This set-your-own pay movement has only been available to top corporate executives, whose median paychecks now top $16 million a year! But since it’s been a boon for this test group, I say it’s time to expand the no-hassle compensation concept to all employees. This would greatly boost grassroots purchasing power, economic growth, and fairness for all.

“Omigod no!” squawk corporate apologists, rushing to say that, technically, CEOs do not directly set their pay. Rather, the bosses have attached their earnings to their corporations’ ever-rising stock prices. Thus, astronomical rewards go to those who obsessively focus on jacking-up the price of their own stock, even though that’s a selfishly-narrow and false measure of a corporation’s performance.

Also, stock price is no indicator of a CEO’s worthiness. Even bosses who’re blockheads can still get a boost simply because they’ve rigged the system to hitch a free ride on inflated stock value.

This is Jim Hightower saying… Still, if it’s good enough for them, why not an equal deal for working stiffs, who actually deliver the products and services that give a corporation some true value. I say, each worker should get the same percentage increase in pay that the top honcho takes. It’s a very simple process… and it’s only fair.

Leave a comment

Share

Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

...more
View all episodesView all episodes
Download on the App Store

Jim Hightower's LowdownBy Jim Hightower

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

334 ratings


More shows like Jim Hightower's Lowdown

View all
On the Media by WNYC Studios

On the Media

9,131 Listeners

CounterSpin by Fairness & Accuracy In Reporting

CounterSpin

493 Listeners

Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy by BestOfTheLeft.com

Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

3,364 Listeners

Ring of Fire Radio with Farron Cousins by Audio Matters LLC

Ring of Fire Radio with Farron Cousins

478 Listeners

Ralph Nader Radio Hour by Ralph Nader

Ralph Nader Radio Hour

1,198 Listeners

The New Yorker Radio Hour by WNYC Studios and The New Yorker

The New Yorker Radio Hour

6,670 Listeners

The Nation Podcasts by The Nation Magazine

The Nation Podcasts

417 Listeners

The DSR Network by The DSR Network

The DSR Network

1,744 Listeners

The Hartmann Report by Thom Hartmann

The Hartmann Report

1,370 Listeners

The Atlantic Interview by The Atlantic

The Atlantic Interview

1,924 Listeners

Gaslit Nation by Andrea Chalupa

Gaslit Nation

3,954 Listeners

The Al Franken Podcast by The Al Franken Podcast

The Al Franken Podcast

8,619 Listeners

Brian Lehrer: A Daily Politics Podcast by WNYC Studios

Brian Lehrer: A Daily Politics Podcast

671 Listeners

The PoliticsGirl Podcast by Meidas Media Network, Leigh McGowan

The PoliticsGirl Podcast

4,246 Listeners

Letters from an American by Heather Cox Richardson

Letters from an American

5,290 Listeners