Originally Posted by
Denver
No offense but you have made a grave intellectual error. Slaves DO NOT have the choice to quit. This is entirely what being a slave means.
Of course they can quit. Many did by fleeing... Underground Railroad, etc.... Slave means you receive no compensation for work and you are bonded. There are always choices in life.
That is why the term wage slave hits home. Like a slave, we are wage slaves in that we can quit working but the consequences are worse. Yet the status quo is still bad.
If you engauge in a voluntary exchange of your labour with your "CEO" your "CEO" can keep whatever he wants. That is because he has a higher risk value than you have, he is your boss. That is why he is the CEO and you are the employee. If you decide that is unfair and you are not getting paid enough than quit. Because you are not a slave means that you can do so and go find employment somewhere else.
There is no reason why CEO and worker cannot share the risk and reward. Except for greed maybe... That is the premise of my discussion.
Or take a risk and start your own business and be the CEO.
Not everyone can be, wants to be or should be a CEO.... Some people want to work 40h and spend time elsewhere. They should be able to do that while determining the terms....
The limitation on how much or little you can pay your employees is dictated by competition in the labor workforce for wages. Employees drive prices up and bosses drive them down. In a free society with a limited government both are winners in their own ways dictated by their risk/reward ratio they CHOOSE to have.
By law CEO's and their BODs are beholden only to shareholders. That is why we see such disregard for workers, communities and environment.... however, if the law obligated a CEO to stakeholders... there might not be as much profit or excessive wealth for CEOs, but the Nation would be a better place.....