• ikt@aussie.zone
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      8 days ago

      You said CEO’s don’t lose their jobs, if you paid attention to business news you’d know they lose them all the time

      Also OBVIOUSLY it’s a drop in the ocean, there are simply less CEO’s than regular workers, that’s also why they are higher paid, because there is more demand for their skills

      CEOs packages mean they don’t need to worry about actually how to pay their rent/mortgage

      You’re thinking specifically of high paid CEO’s yeah? Obviously not thinking of small to medium businesses

      According to the latest statistics on the percentage of businesses that fail in the United States, we see that of the 733,721 new businesses that were started in 2018, more than one-fifth (20.6%) closed in 2019, after just one year in operation.

      The percentage of businesses that fail increased to 31.3% in the second year (2020) and 37.9% in the third year (2021). In other words, fewer than two-thirds of the businesses that started in 2018 remained in operation three years on.

      In their fourth year (2022), 42.7% had shuttered and by the fifth year in 2023, the new business failure rate reached 48%. These numbers show that only around half of the businesses that started in 2028, or 381,337 of them, to be exact, were still surviving half a decade on.

      It’s a brutal business the business business

      What do workers get? Few months severance for decade of work.

      So same as any other CEO, except usually even less if the business goes bust under your leadership

      Wake up and see the numbers.

      If being a CEO is so fuckin incredible it sounds like you should stop bitching and start attending a few management courses eh?

      • OwlPaste@lemmy.world
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        8 days ago

        You are missing the point, capitalism promotes redistribution of wealth only one way. And newsflash, its not the way towards those who actually perform useful function instead of fucking about golf courses and dinners. If the wold looses all CEOs, we won’t notice, if the world looses refuse collectors, you end up with Birmingham https://www.bbc.co.uk/news/articles/cdjg07xvnnjo

        It’s a brutal business the business business

        Perhaps then its time to move away from this moronic system towards something that actually cares about people?