In the 70's a Ceo was compensated approx 40x's more, than those who labored for a given company, those who were on the lower rungs, and as outrageous as this was today its 500x's this an more, much much more. Many have seen pay cuts. Most workers earnings are, and have been stagnate for years, while the cost of living increases at a greater rate than earnings can keep up with. Inflation is always with us as the govt continues to print more an more money, many businesses take full advantage of it using this as a factor for why we are paying more an more for goods and services, whether its credit cards, what we pay at the pump, utilities- gas or electric, an auto garage, or the cable company.
Just look what it cost for a party of 3 to go out for a steak dinner?,,,,,,,,,,when is a market up enough?,,,,,,,,600%, 800%, 1000%......I walked into a tiny tiny little sandwich shop downtown who served soup for lunch, also coffee, drinks etc,. What could an egg sandwich cost?, I gave it little thought until I paid for it minus the OJ, $4.50...........if a person wanted a pack a smokes get ready to fork out nearly $15, a pack would cost $8 approx. I remember when smokes were $0.28 cents a pack, I paid $0.20 when I was in the service. Glad I didn't ask for bacon on it:)...........in reality how many people will return?.............
you go into a garage for a $30 part and the labor is $270.........the average worker is just not making the money to absorb this kind of cost, and its something we all face on a daily basis...........so if I was waiting for my car, needed to grab a bite from the one cafe in that location, and later needed to fill up having missed a day of work maybe?, how many hours would it take to earn this?. I guess I go home an kill myself!:)
Then think of a publicly traded company and this one in particular is one of a chain where we might get the car worked on, and its Ceo is raking in $20,000+ an hour, on the low end, getting compensated in stock an options whether the business is showing a profit or not?. Better to show losses for a tax write off. The consumer, stock holders, and the individual tax payer aborbs it.
Restaurants are famous for showing losses even though the owner could have made a million for himself.
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