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Health & Lifestyle
on Mon, 08/31/2009 - 10:40am.
...are highly paid for a REASON. Wages and salaries follow the law of supply and demand, the same as all goods and services. Low skill, anyone can do it = low salary. Higher skill, specific training required = higher salaries. High skill, high education requirement, big demand, low supply = very high salary. Think about it and you may be able to understand why the CEO makes a lot more than the bolt tightener, who makes more than the busboy in the cafeteria. Of course, we have a great example of what happens when you try to pay everyone equally. It was called the Soviet Union. Really big success story, eh? BTW, the upper 50% of income earners pay 97.3% of all personal income taxes collected in this country. The country depends upon their financial SUCCESS, success that you like to call greed. The Obama Administration has loosened restrictions on travel to Cuba and North Korea. Think about it; you might be really happy. No highly paid executives there!
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