Jim Hightower's Radio 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.

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.

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



This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe
...more
View all episodesView all episodes
Download on the App Store

Jim Hightower's Radio LowdownBy Jim Hightower

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

338 ratings


More shows like Jim Hightower's Radio Lowdown

View all
The Rachel Maddow Show by Rachel Maddow, MS NOW

The Rachel Maddow Show

37,072 Listeners

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

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

3,364 Listeners

The Nation Podcasts by The Nation Magazine

The Nation Podcasts

435 Listeners

Ralph Nader Radio Hour by Ralph Nader

Ralph Nader Radio Hour

1,199 Listeners

The Intercept Briefing by The Intercept

The Intercept Briefing

6,108 Listeners

The DSR Network by The DSR Network

The DSR Network

1,791 Listeners

Stay Tuned with Preet by Preet Bharara

Stay Tuned with Preet

32,324 Listeners

The Hartmann Report by Thom Hartmann

The Hartmann Report

1,374 Listeners

Why Is This Happening? The Chris Hayes Podcast by MS NOW, Chris Hayes

Why Is This Happening? The Chris Hayes Podcast

9,491 Listeners

The Al Franken Podcast by The Al Franken Podcast

The Al Franken Podcast

8,565 Listeners

Justice Matters with Glenn Kirschner by Crossover Media Group

Justice Matters with Glenn Kirschner

2,948 Listeners

Unf*cking The Republic by UNFTR Media

Unf*cking The Republic

708 Listeners

#SistersInLaw by Politicon

#SistersInLaw

10,507 Listeners

Countdown with Keith Olbermann by iHeartPodcasts

Countdown with Keith Olbermann

5,527 Listeners

Main Justice by MS NOW, Andrew Weissmann, Mary McCord

Main Justice

7,068 Listeners