Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

All workers must be paid a living wage for their labor.
Income inequality is the main cause of lower living standards.
Workers must join together and fight back for what is rightfully theirs.
We must not be divided and conquered. Workers gain the most when they focus on unifying issues.

Our Goals

Higher wages for underpaid workers.
Better worker representation, including but not limited to unions.
Better and fewer working hours.
Stimulating a massive wave of worker organizing in the United States and beyond.
Organizing and supporting political causes and campaigns that put workers first.

founded 2 years ago

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CEO Pay Has Risen 1,085% Since 1978, But for Workers? Just 24% (www.commondreams.org)

submitted 3 months ago by return2ozma to c/workreform

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[–] [email protected] 9 points 3 months ago (2 children)

I am actually still not sure why it isn't fixed through voting. And I mean shareholder-voting, not public voting.

But after things like Elon Musk's compensation package getting approved (again) it cleared won't work through that mechanism either.

[–] [email protected] 9 points 3 months ago (1 children)

Why would it be fixed through shareholder voting? Most employees aren't represented in those votes. The major shareholders have fundamentally different interests that are opposed to the interests of the employees. If employees were a majority shareholder, then that could work, but that's almost never the case.

[–] [email protected] 5 points 3 months ago* (last edited 3 months ago)

My comment was aimed more towards the excessive CEO pay, not the stagnation in worker's pay.

Probably not the best source (just one of the first Google results), but as an example, if I read something like this:

How much money did Marissa Mayer make while running Yahoo? During her five years at Yahoo, from 2012 to 2017, Marissa's total compensation, including salary, stock, and bonuses, was $405 million. Verizon acquired Yahoo for a little over $4 billion in 2016. Marissa earned roughly $120 million from the acquisition through a mix of bonuses, accelerated stock options and salary. For example, she was paid a onetime bonus of $23,011,325 once the Verizon acquisition was finalized.

source

Then it seems to me like the shareholders somehow got the short end, despite being the ones with the power to make changes.

[–] [email protected] 5 points 3 months ago

Because shareholders can pay some armed thugs to keep them safe from the dirty plebs, which is cheaper than paying said plebs decent wages