> 2. CEO salaries are certainly relevant to the working middle class, since they are commonly seen as tremendously too high and the extra money could contribute to the middle class' wage.
This may be how they are "commonly seen", but is it correct?
Walmart pays 5 of its executives a total of ~$70m/year [1]. Walmart employs 2.2m people [2]. Redistributing 100% of these 5 executives' salary to all 2.2m workers would be a raise of... $32/year.
The bigger issue with wealth inequality is the investor class and favorable treatment of capital (low capital gains tax rates, carried interest, shady real estate business, etc.), not salaries/wages, even extremely high salaries like those of executives. Even talking about "management" as relevant to this issue is a distraction.
This may be how they are "commonly seen", but is it correct?
Walmart pays 5 of its executives a total of ~$70m/year [1]. Walmart employs 2.2m people [2]. Redistributing 100% of these 5 executives' salary to all 2.2m workers would be a raise of... $32/year.
The bigger issue with wealth inequality is the investor class and favorable treatment of capital (low capital gains tax rates, carried interest, shady real estate business, etc.), not salaries/wages, even extremely high salaries like those of executives. Even talking about "management" as relevant to this issue is a distraction.
1. https://www1.salary.com/WALMART-INC-Executive-Salaries.html
2. https://corporate.walmart.com/newsroom/company-facts