That sounds nice in theory but if you removed the salary cap and just had the leagues pay athletes based on the same labor laws everyone else has, do you think the hostility would go away? No, it would just get worse because then they're making even more money and there would be even more bidding wars.
And athletes are far less fungible than CEOs as a form of labor.
It's actually not that difficult to understand how to cut CEO pay. You need to invest millions of dollars to get a decent stake in the ownership of the small company (10-20% minimum). Then start lobbying to add your own people to the board to replace the CEO's golfing buddies. Once you have a majority you convince your crew to slash the CEO's pay. Simple really.
These kind of go hand in hand. CEOs are paid with a shit ton of stock and stock options. Hell there bonuses are normally double their salary, and with these other two, 5x the base on general.
Rock on Jeffery Immelt. Guy still fears for his job everyday.
kind of crazy how someone will have a top job at a F500 Co and still need 3-8 more jobs on the Board of Directors at other F500 Co don't really know how they work that much
if you know someone you just might have a chance at a job you don't need to show up at well they probably work a week at each job
hno:Curious as to the source of data for the bold.
'doctors and medical personnel commanding higher than average incomes are falling by the wayside'...huh?
USA's top paying jobs are littered with healthcare, dominate, brah..
. And they are paying significantly higher than the average American job http://www.thebestschools.org/careers/25-top-paying-jobs-u-s/
http://www.forbes.com/2007/06/04/jo...lead-careers-cx_pm_0604bestjobs_slide_26.html
1.Anesthesiologists
Mean Annual Wage: $184,340
2.
Surgeons
Mean Annual Wage: $184,150
3.
Obstetricians And Gynecologists
Mean Annual Wage: $178,040
4,
Orthodontists
Mean Annual Wage: $176,900
5.
Oral And Maxillofacial Surgeons
Mean Annual Wage: $164,760
6.
Internists, General
Mean Annual Wage: $160,860
7.
Prosthodontists
Mean Annual Wage: $158,940
8.
Psychiatrists
Mean Annual Wage: $149,990
9.
Family And General Practitioners
Mean Annual Wage: $149,850
10.
Chief Executives
Mean Annual Wage: $144,600
so, 9 out of 10 AVERAGE paying jobs in America were all healthcare. And 15 of the top 25, that's 60%. And ALL of said healthcare jobs had increases in pay year over year.
in addition you said this;
'......as the pool of medical personnel is huge'
actually its reverse.
https://www.aamc.org/advocacy/campaigns_and_coalitions/fixdocshortage/
According to the Association of American Medical Colleges, the US has a potential looming doctor shortage crisis on her hands;
'With a growing, aging population, the demand for physicians has intensified, and communities around the country are already experiencing doctor shortages. A 2015 study conducted for the AAMC by IHS Inc., predicts that by the year 2025 the United States will face a shortage of between 46,000-90,000 physicians. There will be shortages in both primary and specialty care, and specialty shortages will be particularly large.'
and finally you stated this;
and the populace in general is becoming smarter and more able to self-medicate.
huh? I'm intrigued by this. What exactly do you mean
like 80% of barmans post I didn't find to be accurate
People often base assumptions on their own experiences and what is going on around them but sometimes that just doesn't encompass something as vast as the labor market.
"As ILLINI notes, save for specialty professions (medicine, engineering, science&research), choosing a life of being an employee assures one of being very unlikely to ever get paid more than the household average income."
This just isn't remotely true.
The USA and the Western world in general have frankly raised our standard of living to such a point that there is little reason for employers to pay more than $20-25 an hour for upwards of 90% of Jobs. Both service and manufacturing have been so progressive and streamlined that the pool of people who can do most jobs is large and plentiful.
Nor is that.
People often base assumptions on their own experiences and what is going on around them but sometimes that just doesn't encompass something as vast as the labor market.
"As ILLINI notes, save for specialty professions (medicine, engineering, science&research), choosing a life of being an employee assures one of being very unlikely to ever get paid more than the household average income."
This just isn't remotely true.
The USA and the Western world in general have frankly raised our standard of living to such a point that there is little reason for employers to pay more than $20-25 an hour for upwards of 90% of Jobs. Both service and manufacturing have been so progressive and streamlined that the pool of people who can do most jobs is large and plentiful.
Nor is that.
If I may chime in from personal experience:
I am a CEO
Private company
No partners
no loans, all cash during my start up and growth
9th year in business
Now...
I deserve my margin. Every penny of it.
My $ depends on my volume. I make a % off of each call center agent per month, period.
I paid for everything: computers, stations, server room, rent, wires, voip, etc.
Did all SEO and advertising.
TAKING ALL OF THE RISKS.
All of the Johnny come lately employees who want a peace of my action, can take their $800 base with full benefits or pass.
Was anyone there to lend a hand back in 2006? stay up until 3am doing marketing on a Wednesday? closing a cold call for 15 full time agents with a demanding client? fronting for a payroll when a wire transfer was late? deflecting constant slander and shit talk from disgruntled ex tico employees who got fired vs. quitting.
Finally, keeping morale high for 115 people. That takes work and energy while it doesn't require a MBA.
Because I gambled on my life by being a CEO, I will retire by 44.
FORTIS FORTUNA ADIUVAT.
I am a CEO
Private company
No partners
no loans, all cash during my start up and growth
9th year in business
Now...
I deserve my margin. Every penny of it.
My $ depends on my volume. I make a % off of each call center agent per month, period.
I paid for everything: computers, stations, server room, rent, wires, voip, etc.
Did all SEO and advertising.
TAKING ALL OF THE RISKS.
All of the Johnny come lately employees who want a peace of my action, can take their $800 base with full benefits or pass.
Was anyone there to lend a hand back in 2006? stay up until 3am doing marketing on a Wednesday? closing a cold call for 15 full time agents with a demanding client? fronting for a payroll when a wire transfer was late? deflecting constant slander and shit talk from disgruntled ex tico employees who got fired vs. quitting.
Finally, keeping morale high for 115 people. That takes work and energy while it doesn't require a MBA.
Because I gambled on my life by being a CEO, I will retire by 44.
FORTIS FORTUNA ADIUVAT.
Where do people get this stuff?
[h=1]U.S. faces 90,000 doctor shortage by 2025, medical school association warns[/h]I don't know what 'self medicate' means but you certainly can't go out and get your own Keflex or Biaxin or diabetes medicine.
You should ask for your money back from your "top business program"
Again, you have no idea how hard of a job it would be to run a 80,000 employee company. Just waving that away because you didn't start the company is completely idiotic.
Note: when people talk about business school I take that to mean where they got their MBA.
Is a MBA valuable? My brother is currently in a MBA program, and says it's a joke. Not Wharton, but an accredited business school. I just don't see any point in getting a book education on how to run a business from career class taking experts. The whole premise of that just seems stupid to me, but I didn't think far enough ahead to figure that out until I graduated with a bachelor's in finance. What a joke, it sounds so professional. Finance. LOL. WTF is finance? I can't believe I got a degree that can basically be summed up in one sentence......The time value of money varies, depending on interest rates.
