(12-05-2017 12:30 PM)OptimisticOwl Wrote:  

(12-05-2017 11:43 AM)tanqtonic Wrote:  As I said Lad, the comparison of CEO salary to a 'normal' salary is a valid discussion topic. Problem it has no bearing or impact on a supply/demand/price issue for the labor market as a whole.

And the discussion of what you state as 'jobs being more complex' is actually a discussion of the progression over time of what a 'normal job' is -- that has changed from "high school diploma", to "college degree", to "practical knowledge college degree" (i.e. STEM or accounting) just from the mid 1950's.

What was considered a top level salary entree in the mid 70's (college degree) only just gets you in the door along with tens of millions of others at this point. So given that upward increase in supply of college degreed candidates, it really stands to common sense that that increase in supply will translate to downward salary pressure.

You mean there are lots of people with degrees working in Starbucks? How unfair. let's pass a law requiring them to get the same pay as all the other college grads. They must be compensated for their knowledge of Art History and Sociology.

I don't get your fixation on the most menial of jobs in a company - those don't always equate to the average employee because they're at the bottom rung.

But at some point, don't we want, as a society, to make sure that those who are willing to both educate themselves AND work a full time job, to make enough money to live a fruitful life? Since when did our definition of working an honest days work change from just that, to working an honest day's work in a non-service industry position? I actually DO support a law that makes sure they're paid a living wage, as minimum wage laws have not kept up, at all, with inflation.

Ironically, one of the main reasons those people went to school and got an Art History and Sociology degree, is because YOUR generation told them to, and told them that if they got a college degree that they would have a job waiting for them. It seems like nowadays all that Boomers want to do is ***** and moan about how awful my generation is, without taking a good hard look at the opportunities they themselves had, that fact that a good portion of my generation was raised by them, and that the rungs of the ladder up are being pulled up more and more each day (for example, they won't fricken retire and free up salaries for new employees).

We've now gone off of tax policy, but this sure is a fun tangent.