Should salaries be capped?

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One answer is surely that little Johnny 2,000 years ago couldn’t read, unless he was in the minority.
Minority or not, those who went to school learned to read.

Now, those who went to school were from affluent families – but do you claim that the affluent are somehow genetically superior? Do they have some special ability that poor children lack?
 
:rotfl:

I’m late to this thread, but dang that was funny. No professor I ever knew worked 40 hours a week.
How many professors have you known, and how do you know how many hours they work? I know some lazy professors and some that work 70 hours a week. Of course, I wouldn’t want to rely on my own experience to estimate the work ethic of the average professor.
 
How many professors have you known, and how do you know how many hours they work? I know some lazy professors and some that work 70 hours a week. Of course, I wouldn’t want to rely on my own experience to estimate the work ethic of the average professor.
A few, from my college days, and the guy living across the street from me. Noway the guys I knew or had contact with ever worked 40 hours a week. But here’s a test for ya. Pick out college in your area, find a professor, and call his office at 8am and 4 pm and see how many times he picks up the phone. It was my experience, unless you wore short skirts (just kidding) finding one in his office was next to impossible. Easier to make a appt with a brain surgeon.

You’re gonna have a hard time convincing me (and most of the real world guys here) any professor, teaching in a classroom, ever spent 70 hours on campus in a 5 day work week, ain’t gonna happen. But yet he is gonna tell guys how to excel in the business world?? Gimme a break. I’ve learned more economics from Vern on this forum than ANY econ teacher on campus.

The only lab professors working 70 hours a week are those at drug companies discovering miracle drugs, that many in this country demand they give away. But thats a whole nother topic.
 
A few, from my college days, and the guy living across the street from me. Noway the guys I knew or had contact with ever worked 40 hours a week. .
Now, the problem is that you are generalizing from a convenience sample. Since nobody you know has worked 40 hours, therefore nobody must be working 40 hours.
But here’s a test for ya. Pick out college in your area, find a professor, and call his office at 8am and 4 pm and see how many times he picks up the phone. It was my experience, unless you wore short skirts (just kidding) finding one in his office was next to impossible. Easier to make a appt with a brain surgeon.
So, if the professor is not in his office, that means he is not working? What if he is working at home, or in the library? Also, many professors teach outside of the normal workday. For example, I sometimes have classes that go to 10 pm at night. You can bet on those days that I am not in the office at 8 am. Although, I have never had a student who had a problem getting an appointment with me.
You’re gonna have a hard time convincing me (and most of the real world guys here) any professor, teaching in a classroom, ever spent 70 hours on campus in a 5 day work week, ain’t gonna happen. But yet he is gonna tell guys how to excel in the business world?? Gimme a break. I’ve learned more economics from Vern on this forum than ANY econ teacher on campus.
I have known several professors who have worked 70 hours a week and longer. I have worked in places where people came into the office on Saturday and Sunday. If they wanted to get tenure, they had to put a lot of time and effort in. And even the tenured professors kept up the strong work ethic.

Of course, if college professors cannot tell you anything of value in the business world, you are free to skip college and start your own business.
 
Minority or not, those who went to school learned to read.

Now, those who went to school were from affluent families – but do you claim that the affluent are somehow genetically superior? Do they have some special ability that poor children lack?
No, not at all. Simply stating a fact. Students who did go to school 2000 years ago were likely only concerned with going to school, because most of them would have been from aristocratic families.

Not that i think our schools are doing a bang-up job. They stink. Just an observation.
 
No, not at all. Simply stating a fact. Students who did go to school 2000 years ago were likely only concerned with going to school, because most of them would have been from aristocratic families.
From a mental standpoint, the children of the rich would have been basically a cross-section of the population. But they did learn to read and do math. They also routinely learned foreign languages – every educated Roman, for example, could speak, read and write Greek.
Not that i think our schools are doing a bang-up job. They stink. Just an observation.
And education is the number one social justice requirement in this country. Not until every child gets a first-class education can we significantly reduce poverty.
 
So, if the professor is not in his office, that means he is not working? What if he is working at home, or in the library? Also, many professors teach outside of the normal workday. For example, I sometimes have classes that go to 10 pm at night. You can bet on those days that I am not in the office at 8 am. Although, I have never had a student who had a problem getting an appointment with me.
So if you had a 10pm class on Thursday, a guy can forget a 8am meeting with you on Friday? My point exactly. Not gonna work more then 40 hours. Now try telling that to a mid level boss, “I can’t make a 8am staff meeting, because I’ll be working late the night before.” He’ll tell ya to be there or be square. The difference in academia and the Real World.
 
So if you had a 10pm class on Thursday, a guy can forget a 8am meeting with you on Friday? My point exactly. Not gonna work more then 40 hours. Now try telling that to a mid level boss, “I can’t make a 8am staff meeting, because I’ll be working late the night before.” He’ll tell ya to be there or be square. The difference in academia and the Real World.
Reminds me of a company lawyer I knew – I had to get him to look over some papers and somehow he couldn’t get around to it. Finally someone explained it to me, “Remember, you’re dealing with a guy who has a license to steal – and has to get a 9 to 5 job to make a living.”😛
 
Reminds me of a company lawyer I knew – I had to get him to look over some papers and somehow he couldn’t get around to it. Finally someone explained it to me, “Remember, you’re dealing with a guy who has a license to steal – and has to get a 9 to 5 job to make a living.”😛
All right, great, let’s bash profs now. Almost like bashing business owners. We could say “all business owners are greedy.” But that’s not true, now is it? We could say “All business owners are selfish,” but that’s not true, is it? The truth is there are good ones and bad ones.

Much like profs. Not all profs are lazy; a lot of them do work more than forty or fifty. I’m sure some of them are lazy.

Much like people in nearly every profession.

So let’s stay away from stiff generalizations–they are inherently false.
 
Salary caps for CEOs? CEOs are responsible for millions of workers, and millions of accounts. Companies wish to attract the best of the best to manage their portfolios, and if you start capping salaries, these CEOs with their vast business contacts would just amass their wealth another way, and not report it at all. It would end up in a bank account in the Isle of Mann or in the Caribbean, and invested in foreign corporations/organizations which launder and embezzle money. Who’s to say who makes too much and who makes too little?

What I don’t agree with is congress having a different medical plan and pension system than the average American worker. They do not pay into social security.

I also don’t agree with companies who spend more annually on their advertising budget than they do on their employees benefits packages. Many public companies delegate the healthcare and welfare of their workers to the public sector (i.e. government programs such as Medicaid). Our healthcare system does need a major overhaul, and what needs to end is the huge number of fallacious malpractice cases against doctors which rise their insurance rates and is a major factor in their refusal to treat non-insured patients.
 
All right, great, let’s bash profs now. Almost like bashing business owners. We could say “all business owners are greedy.” But that’s not true, now is it? We could say “All business owners are selfish,” but that’s not true, is it? The truth is there are good ones and bad ones.

Much like profs. Not all profs are lazy; a lot of them do work more than forty or fifty. I’m sure some of them are lazy.

Much like people in nearly every profession.

So let’s stay away from stiff generalizations–they are inherently false.
Did you notice this thread is all about bashing people – specifically CEOs?😉
 
So if you had a 10pm class on Thursday, a guy can forget a 8am meeting with you on Friday? My point exactly. Not gonna work more then 40 hours. Now try telling that to a mid level boss, “I can’t make a 8am staff meeting, because I’ll be working late the night before.” He’ll tell ya to be there or be square. The difference in academia and the Real World.
How many people in the real world reglarly work till 10 pm on Thursday and are then are regularly expected to be at work the next morning at 8 am? While I am sure there are some that might do it, my guess is that they are a very tiny minority of people. If someone has the night shift, they are not usually asked to work the day shift as well.

In addition, who told you that I will refuse to work more than 40 hours in a week? Some weeks get busy in academia, so
I have to put in some extra time.
 
How many people in the real world reglarly work till 10 pm on Thursday and are then are regularly expected to be at work the next morning at 8 am? While I am sure there are some that might do it, my guess is that they are a very tiny minority of people. If someone has the night shift, they are not usually asked to work the day shift as well.

In addition, who told you that I will refuse to work more than 40 hours in a week? Some weeks get busy in academia, so
I have to put in some extra time.
You make some great points. It looks to me like people just don’t understand your industry well enough to make rational decisions for it… Gee wonder where else we can apply that maxim?
 
Some weeks get busy in academia, so
I have to put in some extra time.
:rolleyes: Really? Doin what? Surfin the web at HOME, hangin out at the library? (ok, ok just kiddin)

Professor have you been academia a long time? There are millions and millions of low to mid level workers, in the cubicles and offices all over this country that work 60 hour weeks and think NOTHING of it. But let a college professor work 60 hours and he thinks he deserves a medal?

I’ll go on record as saying the 40 hour week guy is the EXCEPTION from bottom level mgrs to the top from big companines to small. In your field the opposite is true.

The only folks workin 40 hours weeks, are hourly workers with union cards.

Lets see, we just ended the month of December, in the world of academia y’all probably had 2-3 weeks off between semesters, maybe more? Plus whatever time ya had off for Thanksgiving, and let us not forget spring break, in a couple of months. Now most small business owners, mgrs etc had what? A weekend and 2 days?

Now ask the tens of millions whose job goes undone if they are NOT there, that take precious little time off, because they know if they do, they will be swamped on their return. When was the last time your boss called you after hours checking on a crucial project? When a professor goes on vacation, he’s not even missed by the campus LOL.

Zeus forbid if someone grabs a profesors parking place, and make him walk an extra .25 mile to the office. LOL.

I’m thinking you might be a little outta touch when you think only a small minority of mgrs in this country work till 10 pm on Thursdays, I’ll say Thursday is NOT the only day they do it.

Look, I don’t have a problem with ANY of that, it is what is. If any here think y’all have a great deal, then I suggest pursuing it as a career choice. I hope ya see some of this is in jest, but there is a truth here. Academia is NOHTING like real world.

I have a B.S. (we all know what that stands for LOL) because the rules said I had to have it to make officer in the Fire Dept.

But this goes back to the OP, should salaries be capped? And the guys that came up with that lame brain scheme are right outta academia, and not out here in the real world, where a guy can be fired for incompetence.
 
But this goes back to the OP, should salaries be capped? And the guys that came up with that lame brain scheme are right outta academia, and not out here in the real world, where a guy can be fired for incompetence.
I’m glad you’re very sure the OP is an academic of some sort–probably just a lazy professor, and not a forty-five to fifty-five hour a week manager at a small business. :rolleyes:

But I guess this thread is hopelessly off track. Hey, who wants rational thought and reasonable, thoughtful, meaningful debate–let’s all point fingers, make ad hominum attacks (for those of you anti-academians out there, that’s against the man) and make fun of other people’s jobs! Let’s ignore the issue and sling mud at each other! Woo-hoo!

(And to this Vern will reply: “Well, you’ve slung mud at CEOs!” I’ll save him the trouble by saying no, not true; I’ve suggested that CEOs and others be paid proportionate to what they pay their employees. And I don’t recall attacking any poster in this forum.)

Perhaps rational, responsible and gentlemanly discussion is simply impossible in an open forum, even a Catholic one. I am greived.
 
If a long thread means a hot topic this is it.

To long to read every entry.

So here is my two cents.

Don’t have time to research but I remember when a star ball player got the equivilent of a years salary of a semi-skilled factory worker (early 60’s) but, that was before TV. After TV the salaries got lots higher. Why? Demand for tiockets went up primarily because advertising convinced everybody they needed to be there (at the showa) and it (advertising) became the source income for TV and TV became a source of income for the clubs and the players (the cause of the show) wanted a piece of the action.

Hello everything is relative.

Does anyone believe the CEO who’s company is buying the advertising from TV really thinks he/she deserves less money than the guy playing a kids game. I can just imangine the folks running P&G saying they are not worthy to make what Tom Brady is making for throwing a football.

Well folks it all cascades from there.
If the CEO is making a bunch how about the folks who have to empty the waste basket of the bosses who deserves what?

Everything is relative. Let the market decide.

If advertising is the cause of Brady making millions playing a kids game so be it. Ultimately the market will decide if he is worth more than the president of the US.

Besides direct pay is only part of the compensation package there remains a lot of intrinsic value from a job that will substitute for direct pay.
 
I’m glad you’re very sure the OP is an academic of some sort–probably just a lazy professor, and not a forty-five to fifty-five hour a week manager at a small business.
Didn’t say the OP was academic only the idea was. Are ALL college professors lazy? No, but c’mon I’ve been around 52 years, and the average, tenured professor teaching the subject, is NOT boardroom material. We all know it, why is it wrong to say it?

I can’t see the idea of “salary cap” ever coming from the mind of a self reliant, hard working guy trying to get his piece of the pie, unless he has been indoctrinated into this- the “rich” stepped on, walked over, and cheated their way to the top, and that is why they idea of a “salary cap” is gettin airplay.

Look, I was just a firefigher (retired now) I made a nice salary doing what I loved. I was very lucky. But in noway did I ever think the reason I was a firefighter was the millioniare across town kept me down? I was always taught to appreciate excellence, and CEOs who make more money in a month, then I ever would see in my LIFETIME, were not people who should be villified and hung. If they did wrong, let the system take care of it.
 
We could stop the nonsense talk of capping salaries very easily …
Code:
 .... ready?????
…OK …

Here goes: …

… The cap would also apply to all monies earned by lawyers.

That would stop loose talk of salary caps … cold.
 
We could stop the nonsense talk of capping salaries very easily …
Code:
 .... ready?????
…OK …

Here goes: …

… The cap would also apply to all monies earned by lawyers.

That would stop loose talk of salary caps … cold.
Why would that be a bad thing? After all, lawyers create nothing new in the economy, they just redistribute what others have earned.
 
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