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Populist_Prole

(5,364 posts)
Sun Jun 10, 2012, 05:52 PM Jun 2012

Salaries & Compensation: J'ever notice?

That corporate tools/pundits always love to distort and high-ball pay rates or salaries of the working class by citing some outrageously high figure ( autoworkers at $75/hour or teachers at 100K/year ) by weaseling out by saying "pay and benefits", even factoring in imputed voluntary overtime?

Conversely, J'ever notice they always low-ball executive pay/compensation by citing a base salary of say, a quarter mil or so, but then studiously ignore the gravy of stock options and plethora of other executive perks that take their total compensation into the millions?

Ever notice how corporate tools do this without the slightest hint of irony or sheepishness, even if they're called on it?

Just wanted to get this off my chest.

15 replies = new reply since forum marked as read
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Salaries & Compensation: J'ever notice? (Original Post) Populist_Prole Jun 2012 OP
Ya got that right. Tweaking the figures is what they virgogal Jun 2012 #1
Daily. n/t Egalitarian Thug Jun 2012 #2
Yeah, it's a very old sleight-of-hand. Gormy Cuss Jun 2012 #3
It's worse than that. lumberjack_jeff Jun 2012 #4
Ever notive when other salaried jobs say they get X amount of dollars. Auntie Bush Jun 2012 #5
sometimes they even lump in the employee's share of office rent, phone bill, computer, etc. unblock Jun 2012 #6
Now that's low Populist_Prole Jun 2012 #7
cherry picking, yeah. I noticed. Tuesday Afternoon Jun 2012 #8
I agree with you Lifelong Protester Jun 2012 #9
The repugs have been waging a class war for the past thirty years. Started with Reagan. bluesbassman Jun 2012 #10
Ever try to find out how much doctors and lawyers WHEN CRABS ROAR Jun 2012 #11
Then they turn around and suggest that the benies are give-aways. Gidney N Cloyd Jun 2012 #12
K&R SunSeeker Jun 2012 #13
J'ever notice that WI voters were supposedly upset that teachers were "forced" shcrane71 Jun 2012 #14
We should start calculating the hourly wage & benefit packages of our elected morans... Historic NY Jun 2012 #15

Gormy Cuss

(30,884 posts)
3. Yeah, it's a very old sleight-of-hand.
Sun Jun 10, 2012, 06:36 PM
Jun 2012

Amazing that so many in media still fall for it.
Amazing or deliberate that is.

 

lumberjack_jeff

(33,224 posts)
4. It's worse than that.
Sun Jun 10, 2012, 06:40 PM
Jun 2012

They use the metric "cost of compensation", then divide it by the hours worked. Thing is that pensions paid to former employees are part of the "cost of compensation".

$75 per hour? If you count the money they're paying to other people, then maybe so.

Auntie Bush

(17,528 posts)
5. Ever notive when other salaried jobs say they get X amount of dollars.
Sun Jun 10, 2012, 06:41 PM
Jun 2012

But teachers get X Dollars PLUS health insurance. Not fair!

Populist_Prole

(5,364 posts)
7. Now that's low
Sun Jun 10, 2012, 06:51 PM
Jun 2012

I'll bet they don't include management's share of the same, instead filing it under "necessary expenses to insure managerial greatness" or somesuch.

Lifelong Protester

(8,421 posts)
9. I agree with you
Sun Jun 10, 2012, 06:59 PM
Jun 2012

Oh, yeah, we public sector people.especially teachers, are waaaaaaaaaaay overpaid. But heck, we get a whole $200 tax credit for stuff we teachers buy out of our pockets! Wow! What a trade off!!! (That amount may be different than stated, my spouse does the taxes...)

bluesbassman

(19,373 posts)
10. The repugs have been waging a class war for the past thirty years. Started with Reagan.
Sun Jun 10, 2012, 08:21 PM
Jun 2012

It's now a full fledged disdain for the "working class". Like we're some kind of parasite, yet the truth is that it is the working class that built and fuels the economy. Yet the rank and file still believe that the policies of the right are somehow good for them. It's really quite astonishing.

Gidney N Cloyd

(19,837 posts)
12. Then they turn around and suggest that the benies are give-aways.
Sun Jun 10, 2012, 08:33 PM
Jun 2012

Can't have it both ways, folks. Either it's all earned as part of the total compensation package or it ain't.

shcrane71

(1,721 posts)
14. J'ever notice that WI voters were supposedly upset that teachers were "forced"
Sun Jun 10, 2012, 08:52 PM
Jun 2012

to purchase health insurance from their own cooperative? Apparently, people were quite upset about this unfair business practice. Nevermind that the majority of people have no choice as to where their company purchases their insurance, and those buying on the "open" market have a dismal choice of two or three monopolies in their state.

Historic NY

(37,449 posts)
15. We should start calculating the hourly wage & benefit packages of our elected morans...
Sun Jun 10, 2012, 09:54 PM
Jun 2012

in the same terms.

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