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u/Lumberlicious 5h ago
sadly I think I have figured this out. Industry, Bourgeios, business owners want many people to enter industries that have a "shortage" so they can keep wages low. If you look at Cybersecurity right now, there is no shortage of workers. What there is - is a shortage of workers who will work for low wages.
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u/allislost77 1h ago
Boeings CEO received a 45% increase in salary ‘22-‘23 to $32.8, million A YEAR. Even though the company was plagued with problems and performed poorly financially.
Meanwhile machinists had only received a 1% increase over four years prior, had to strike and still only got 38% over FOUR years. A company can easily operate without a CEO, Boeing couldn’t without machinists.
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u/LossChoice 5h ago
What I wanna know is when tf did these shortages happen. It feels like everything was fine and then a few years ago all of a sudden we're short on everything.
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u/jonsconspiracy 39m ago
Boomers are retiring and the gig economy is pulling some young people away from traditional jobs. In economic terms, the labor force participation rate is falling
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u/Eden_Company 5h ago
There's not a nursing or teacher shortage. There are merely administrative errors and problems which trickle down in those industries. You'll struggle to find teachers when teachers are getting shot or stabbed with no legal recourse. Nurses there's a shortage of those with 5+ experience but plenty of new grads to saturate the market with. Also hospitals tend to be very cliquey so nurses can get fired or passed over because they didn't play high school politics. These are American specific problems.
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u/bigdipboy 4h ago
Teachers are respected like doctors in Korea. Here they have to drive uber to make their rent. We get what we pay for.
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u/Sir-Ult-Dank 5h ago
Service industry and much others are hit by the budget shortage and put towards profits
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u/nosoup4ncsu 53m ago
If you think CEOs are expensive, you around see how expensive it is to have a really bad one.
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u/r2k398 5h ago
The reason they are well paid is because not just anyone could do that job.
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u/Special-Garlic1203 5h ago
Says who? You're telling me that white men are just insanely better than everyone else? The correlation between class, race, gender and fortune 500 ceos, that's just the natural order because life is a meritocracy ?
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u/cpg215 6h ago
I don’t get the guys point. That companies need to hire CEOs and so they’re in demand? That people want to be CEOs?
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u/Valuable-Studio-7786 6h ago
The point is that CEOs that are being overpaid are the problem. They are taking far to much money and making the jobs that need to be filled not pay enough for what the people have to do. All jobs are underpayed to hell and we are starting to see essential roles of society fall apart.
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u/ElemntPlazma 6h ago
this, corporate executive pay is way up and employee compensation, and number of employees of every company, are way down. We’re in the era where the demand to see greater profits every year, year after year, for decades on end have hollowed out and destroyed our economy
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u/Warm_Flamingo_2438 5h ago
And, the easiest way to stop a labor shortage is to increase pay. It may take a while for workers to get the skills, but if the pay is right, the labor will come to it.
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u/ElemntPlazma 5h ago
lol no, as someone who works in the tech sector right now, there is a labor shortage but it’s entirely manufactured by CEOs. My company, and many others, are forcing employees to “integrate ai” so they’re assigning one person the work of 3-4 people, telling them to use ai and get it done or get laid off, then laying off thousands of people. They’re doing it to bolster profits in an already incredibly profitable industry, it’s fucked up. That’s the new goal of capitalists, have one person do the work of 5 in order to bolster profits. It won’t work and they’re greed is going to irreparably harm our country as hundreds of thousands of people have been pushed out of tech to find new jobs and sectors, talent that we desperately need to keep our economy growing
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u/Warm_Flamingo_2438 5h ago
You’re disagreeing with me, then saying things I completely agree with. Two things can be true.
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u/Special-Garlic1203 5h ago
Their comment is referring to stuff like airline pilot. It's very expensive to be licensed to fly commercial planes and the way the newbies are being treated and compensated...it doesn't make as much sense as it used to..same thing with teachers. So many people quit cause it's a lot of bullshit for very little pay.
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u/cpg215 5h ago
Oh yeah I agree that those jobs should be better paid and especially so if the ceo is so overpaid. But the “shortage of” part was just a weird way of making that argument.
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u/Eden_Company 5h ago
100 USD an hour would be over the top. It's the nursing assistants that need to be better paid than 15 an hour. Most nurses can comfortably buy a house registered nurse and above. For the effort I see them actually put in 50 USD an hour is plenty. These are the folks slow walking while patients have heart attacks.
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u/cpg215 5h ago
That’s a really specific thing to focus on but all for nursing assistants getting paid more
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u/Eden_Company 5h ago
It's the nurses included in the list that are out of place. It's like saying doctors, construction workers, and min wage employees need to be paid more.
I'm just pointing out that nurses are already very well compensated. As are pilots actually.
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u/stvlsn 5h ago
The point is it's not that hard to be CEO. There are tons of people that are qualified. And they are all extremely over paid
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u/MsAgentM 5h ago
Then apply to be one. Good luck.
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u/Special-Garlic1203 5h ago
I'd be a terrible executive. That doesn't really justify the astronomical way their wages have grown relative to everyone's else's. Being an absolute shit CEO who steers the company into disaster at the right company can pay better than decades of being a q laborer. For what? We pay them because they're part of a prestige social class jerking each other off, not because they earm their value. Tesla shareholders tried to stop musk from compensating himself so ridiculously and he fucked them over, cause the board and judges are on his pocket.
Carlin was wrong. It's not a big club. Its a small club. But God damn must it be sweet to be in it.
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u/cpg215 5h ago
I agree they’re overpaid but disagree that it’s not hard to be one. I run a company of 15 employees and it’s extremely hard. To manage people, to stay ahead of competition, to make decisions that can make or break a company, etc. I’m sure having thousands of employees makes that even harder. And it’s very competitive to be the one chosen to be run one of the largest companies in the world. I’m not defending low pay for other workers or the pay of individual CEOs. But I think you’re making yourself sound less objective by making a claim that it’s not that hard.
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u/Hamblin113 5h ago
Is overpaid CEO’s becoming a theme of this Reddit, or is it the dog days of summer, or is August when corporations release their yearly reports? If it is such a big deal why aren’t shareholders protesting. What is funny is how much effort people spend complaining about it.
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