Poll: Do people really need $100,000/£100,000 a year salleries?

[Gindil]

They deserve whatever they could get in the free market or decide to pay themselves. Also how does a hefty salary make people bigotted.

Be very careful about implying a free market...

The problem is that those with enough money will work to try to undermine it and bring more money to themselves than others.

The problem is, the ones that look to make big money may come to do dubious and unethical procedures/shortcuts that can ruin them. Think of the derivative market causing the world financial meltdown or how the top 4 car companies buy regulations from Congress to eke out other competitors. What you don't want is better ideas. You want to profit from your own and make as much money as possible.

That's kind of how capitalism works, but there are ways to change it.

For more reference... [http://motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph]

 

[Smooth Operator]

Well I'll give you the universal anwser to that: "Absolutely noone needs that amount of money, except me"

 

[DMonkey]

One should always be rewarded for the amount of work one does.
What are we supposed to do? Bust our asses out of the goodness of our hearts?
Sure, people don't NEED a lot of money. But there is nothing wrong with it.

 

[Luhrsen]

It's SUPPOSED to be payment for your higher level of responsibility. Few people are willing to take responsibility for the business or lives of the people under them if they are only being paid the same as those people. Some who IS willing to take the power only for the sake of said power isn't someone I would trust to work under.

 

[Verlander]

£100,000 is quite a bit different to $100,000

I don't really think so, but there are people earning MUCH more than that, for even simple jobs.

 

[Cheesus333]

I think you should be paid for what you do. If you're a fireman, or a doctor, or a policeman (I'm just thinking of people who save lives here) you should be paid a hell of a lot cause I think noble causes should be rewarded - I'm just naive and idealistic like that.
If you empty bins and sweep streets for a job, your wages should - and, I imagine, do - reflect that it's an important job but it's hardly a lot of effort.

However, the world is a lot more complicated cause things can be 'important' to one person and insignificant to another, so I really don't know how to put any concrete words or values to a lot of professions. Fashion designer, for instance - I reckon a shirt and jeans does the job, but some ************ got thousands for covering Lady GaGa in dead animal slices, so there you have it.

 

[FalloutJack]

I do. I'm not rich.

 

[oppp7]

Not sure about the amount you put, but about a million is where I see it as excessive. Add in billionaires who barely ever work a full day and you see why I hate most capitalism. Don't get me wrong, I wouldn't mind a system where everyone got different amounts of money, but when people who work for 10 hours a day get less than big buisness executives things get ridiculous.

 

[ReaperzXIII]

Technically speaking no one NEEDS a computer, a tv, a 3 bedroom house, an oven or most household appliances. Will living without them make life a helluva lot harder? Yes

I have no problem with someone earning £100,000 a year, its the superstars who act like spoiled brats when they are making more in a week than I will probably earn a couple years despite the fact they are crazy dipshits or just retards. If you are making millions of dollars you have lost any right EVER IN YOUR ENTIRE LIFE to complain about shit unless you:

a) Lose a limb
b) A loved one dies
c) Get a disease
d) A giant dragon tears through the earth and shits on your home then sets the shit on fire

I mean seriously, you get millions a game to kick a ball around when I know people who spent years in university working hard to gain respectable jobs that are not making as much as you and then you expect sympathy when you do something batshit retarded? Yeah fuck you!

If I was making that much money you could set my house on fire and I wouldn't even bat an eye because as Wayne Brady said: "I'M RICH BIATCH!!!"

 

[Krantos]

You also have to consider educational expenses. My wife is almost done (thank god) with her Doctorate in Veterinary Medicine. 10 years from now she'll likely be making around $100,000 a year. However, she'll have incurred $250,000+ in student loan debt. That takes a lot to pay off, considering interest.

And let me tell you, Doctorate students earn a lot of Karma. I've barely seen her for the past to weeks. She's in the clinic from 7am - 6pm then she comes home, eats dinner, does some more paperwork and goes to bed. Thank God this rotation ends next week.

MD's get paid WAY too much though. DVM requires the same amount of schooling, it's harder to get into Vet school (there's only a handful in the US, so it's very competitive), but they get paid about 1/3 as much.

 

[FamoFunk]

I bloody deserve £100,000 just to keep up with how I would like to live

Seriously though, if someone is lucky and clever enough to get into a job the gives them this pay salery, good on them. I'm envious.

 

[loc978]

Where i live people with university earn on average 4000$/year. Try living with that instead of 100k and see how it feels.

thats probably in proportion to the diffuculty and skill requirement of the job they do, theres a reason doctors earn a lot of money

...but...take a man who was raised rich, got several companies handed to him in his adult life and bankrupted every one, then found himself in a position of immense power and bungled that too (I'd say cookie for reference, but it's fairly obvious)... is there a valid reason he's still rich?

OT: it's not the people who make $100k annually who should worry us. Most of those work their asses off for the money. Those who make millions for doing very little, though...

 

[Raven's Nest]

It's 10x the average salary where I come from. Actually 10,000 $ is pretty well above average and prices are higher. Yes people you can live with 10k $ a year and still have plenty. I know I am and in a family of four.

If $10,000 = £8000, in London you would need 2.5X this amount to even survive by yourself, let alone feed a family of four...

 

[Bebus]

£100k? Absolutely. It is a very nice amount that many people are well within their ability to strive for. It isn't a silly amount, but these people drive the economy with purchases of expensive cars and gadgets. If you want a nice house at the current ridiculous price levels you need this kind of money to get a mortgage for anything bigger than a terraced house.

Once you start getting to £200k and above, it starts to get iffy. There are people in the UK making millions (especially bank bosses whose state owned banks just reported a loss....grrr) from the British people who see very little of it back as they ship most of it offshore to hide in tax havens, then don't even spend it here either. Same with corporations who through extreme trickery pay a pitiful amount of tax. They owe this country for providing the infrastructure, economy, market and educated workers that helped them become great but seem to think that it is their right to take without paying.

I have no problem with people or businesses earning whatever they can, but it seems that once things get above a certain level people seem to start resent paying tax on money they were planning on not spending. Our tax laws need to be absolutely clamped down so that not a penny can be avoided (though our current politicians are as likely to do that as pay for the medicine for a sick child out of their own multi-millionaire daddy's pockets).

Funnily enough, on the other end of the scale, our government is looking for ways to avoid our already pitiful minimum wage laws, without seeming to understand that, listen carefully here conservatives, if nobody has money, nobody will buy anything and the economy will collapse.

 

[RanD00M]

If they have a 100,000 pound salary, then they probably have to work for it as well. You know they call it earning your salary for a reason.

 

[Imat]

100k seems to be an amount that will let you be comfortable but not excessively rich.

i dont think money changes you, it just allows you to be who you really are.

Science says otherwise. The current thinking is as your wage increases you enter into different societal groups based on your income (i.e. richer areas of cities or whatever) and become exposed to their habits. The part of you that wants to fit it wants the things they have, or better just to present dominance over them, so that you can increase your standing.

The more money you get the more retarded bullshit you'll piss it away on just to show how awesome you are.

That is one hefty generalization. You're saying there isn't a single rich man/woman/robot on this planet who doesn't buy random crap to inflate their own egos? Maybe I'm just being an optimist here, but the odds seem to be against that particular statement.

OT: People need what they need. They want whatever they can get. To say that someone "needs" a high salary is generally false, but nearly everybody wants a pay raise. And many people do a lot of good with that extra cash: Bill Gates started the Bill and Melinda Gates Foundation, a charity into which he has pumped billions of dollars if I remember correctly, which helps in various development and medical organizations around the globe. He may not need his ridiculously huge salary (Although I personally believe he deserves it), but the programs he funds certainly do.

 

[Imat]

Funnily enough, on the other end of the scale, our government is looking for ways to avoid our already pitiful minimum wage laws, without seeming to understand that, listen carefully here conservatives, if nobody has money, nobody will buy anything and the economy will collapse.

Funnily enough, minimum wage does more damage to the economy than paying what employees deserve would. Minimum wage drives up the natural price point of goods and services, making the extra cash these people are making worthless. Imagine that, because they have to pay employees more than they deserve, they also have to raise prices more than they should. Funny how that works.

Of course, if there are no minimum wage laws, some people's standard of living will go down. Others will see it go up. Most will see it stay the same, or even slightly raise, as they have reduced wages, but also reduced prices for goods/services. This economy is all about balance, where a natural supply and demand curve will dictate the natural price points, yet minimum wage throws off that price point, shifts it into a worse position. Basic Economics for ya.

 

[PissOffRoth]

Being a doctor is fucking hard. They deserve everything they get. They save lives, extend lives, improve lives. They contribute vastly to society. For people like that, with jobs like that, I say that they definitely deserve it.

That being said, for the people earning ridiculous amounts of money when there are others starving to death... I see absolutely no excuse for that. In a world where we can at least eradicate poverty, then anything above the average is fair game, for those smart enough or skilled enough to obtain it. As for paying yourself hundreds of thousands of dollars just because you're CEO... Hey, I'm in agreement with the others on this post; if you really do contribute vastly to the company, good work. You earned it. Most, however, aren't even close to that. Most are negative impacts on their company *cough cough Kotick cough* and still pull in enormous salaries.

And as a question of NEED... Nobody needs any money to survive, depending on location. With the right know-how and resilience, you can hop on down to the rainforest and live off the land. Foraging is free.

 

[PissOffRoth]

Funnily enough, minimum wage does more damage to the economy than paying what employees deserve would. Minimum wage drives up the natural price point of goods and services, making the extra cash these people are making worthless. Imagine that, because they have to pay employees more than they deserve, they also have to raise prices more than they should. Funny how that works.

Of course, if there are no minimum wage laws, some people's standard of living will go down. Others will see it go up. Most will see it stay the same, or even slightly raise, as they have reduced wages, but also reduced prices for goods/services. This economy is all about balance, where a natural supply and demand curve will dictate the natural price points, yet minimum wage throws off that price point, shifts it into a worse position. Basic Economics for ya.

I like you. You understand how things work. It's refreshing.

EDIT: But sadly behind in the news. Bill's not CEO anymore.