|Quoting WarRI1 (Reply 175):|
In Rhode Island, the smallest state, with high costs of living, including tax burdens.
So that begs the question: if it's so financially infeasible to live in Rhode Island, why live in Rhode Island?
If people move away from RI
because the pay isn't sustainable relative to the COL, then you'll quickly find that wages will increase. Northern Alberta is a great case study in this. McDonald's employees there make at least double what McDonald's employees make in most other provinces because people weren't willing to work such low paying jobs there, so they had to raise the wages out of necessity to attract labour.
Is owning a house the metric for success in life? A lot of people have no desire to own a house.
|Quoting jetblueguy22 (Reply 177):|
Are you one of the Canadians that raids our Targets and Walmarts every weekend?
Not this guy. I lived 20 minutes from the US border for 5 years while I was in university and crossed the border maybe 2-3 times in that period. I honestly just couldn't be bothered to spend an hour at the border just to save a few bucks
But I do get a kick out of going to Walmart when I am in the States, it's a very different experience than visiting Walmart up here. I'll reserve further comment at the risk of offending anyone here
If something is amiss with a business, the buck stops at the CEO. If something is amiss with the economy, the buck stops with the President.
Only in the US, it seems. It sounds like you're against the notion, which I would entirely agree with. It's absurd that anybody would consider an entity to be anything close to a "person" beyond the purpose of legal action.
|Quoting WarRI1 (Reply 199):|
Now if our blessed country was born on Christian Principles, as Republicans are so eager to point out, and they sure are.
Fixed that for you.
The smallest fraction of pro-choicers are that extreme. They represent the pro-choice side so much as the Tea Party represents the right wing. They're a disproportionately vocal minority within a larger group.
|Quoting WarRI1 (Reply 215):|
It is amazing, you can see it, you know it is absurd, you know it is greed, you know it is an example of the corrupt corporate culture of the US, yet we have the defenders, we have the deniers, we have the worshipers of this corrupt system. It almost beyond belief to anyone who knows right and wrong at the most basic level.
Nothing like some skewed facts to go with my morning coffee.
I wonder what the source is for this data?
Well let's do our own math:
According to Social Security figures, the average person in the US earns $44,321.67. So using the ratio in your figure, we can calculate the average CEO pay to be $21,052,793.25. Pretty crazy, eh? But when we look at Salary.com's figure for the average American CEO pay, we see that it's only really $756,019. If we divide that number using the ratio you posted, then we can calculate the average worker to make only $1,591.62. The figure posted by your buddy completely ignores basic rules of statistics, not least of which is comparing data in relative terms.
Another interesting article related to this topic: CEO vs. Average-Worker Pay: A Dumb Metric
[Edited 2013-11-05 06:44:52]