Comments by "TheEVEInspiration" (@TheEVEInspiration) on "By Popular Demand, Mafia Guy from Walmart Video Uncut" video.

CEO payout relative to the number of people is a very poor metric ...it assumes that the CEO has an actual function related to, and daily dealing with every worker. Like the manager positioned just above the lowest worker has with his. It also assumes that all the progress the that manager makes is attributable to the efforts of that one CEO on top of it all. Both are complete fallacies of course. A CEO is there for strategic decision making and managing the higher levels of management and reorganize when needed. Some industries are complex, but have few workers or are specialized in many sub-divisions. While others are much simpler and have tons of workers. A metric that assumes the number of workers is important, will overpay the CEO doing a simpler task! Pay a CEO a lot, no doubt about that, but judge on performance on his/her work and not the total amount of workers in the company. In this picture the number of workers is next to irrelevant! Just as there is no 1 to 1 relationship on the price of the product and the wages. There is a relationship of course, it is just not as strict as presented in this clip. For one, paying more means more goes to the government in the form of taxes. While adding no value at all in the process, which is simply making the economy perform less efficient and less fair. It is basic math really and I know Peter Schiff is for much smaller government and lower taxation too. Thus the point he makes in this clip makes sens to him. But the government part of the equation part of this clip, making the presentation of his point a very poor one indeed.
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Lets also not forget there are a great many unemployed people, more then official numbers indicate. CVs are coming in faster then anyone can process them! This enormous pressure and of oversupply versus the real demand for jobs, will suppress all but the highest skilled wages and displace the lowest skilled class. Like those jobs at Walmart traditionally are. This market condition causes company earnings to skyrocket as labor costs after all is often a large part of the total costs side on a companies balance sheet. The sick part is that CEO's claim and get attributed to them, those improved results. While it is blatantly obvious it is not as a result of anything they did themselves! I can understand the anger people feel and certainly towards people defending the current CEO wages and secondary earnings. Those often are indeed way out of bounds with their actual performance. Will fixing the above, improve worker pay? Not one bit...the simple fact is that wouldn't change the market conditions and the money saved would be infinitely small on the whole and not enable lower prices that would actually help those low paid workers! The only real solution is drastically dismantle government and military spending in order to enable lower prices and have people keep more of what they earn. That way, people can make rational decisions about what to do with what they earned in accordance to what they actually want and need.
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