"The Santa Class" Addresses This Longtime Business Practice
Tonight, Hallmark Channel premiered its newest Countdown To Christmas movie "The Santa Class". While the movie's main plot revolves around the lead characters Dan (Benjamin Ayres) and Kate (Kimberley Sustad) training a potential group of Mall Santas at Kate's North Star Academy, there was one scene early in the movie that addressed a controversial real life issue. In this scene, Dan is informed by his boss Blaise (Alessandro Miro) that he is being fired from their company, The Saint Nicholas Academy. In attempting to justify his decision, Blaise claims that the company CEOs need the money for their year end bonuses. However, Dan brings up a very good point, asking Blaise why the CEOs can't just take a cut on their bonuses instead. In an era where Hallmark Channel has begun to address real life issues that families face, this is a very good question to ask, especially at Christmas time. According to the AFL-CIO's official website, the average CEO to worker pay for S & P 500 companies in 2023 was 268 to 1, with CEOs averaging $17.7 million in total compensation, or an average of approximately $8509.62 per hour. This would mean that in 2023, workers were averaging approximately $31.75 per hour. While this is actually above the average living wage of $25.02 per hour, the current minimum wage is only $7.25 per hour. In order for companies that only pay their employees minimum wage to to instead pay them a living wage without resulting to firing employees or raising prices, they would have to cut their CEO pay by just $36961.60, or . 21 percent. At this time of year, we should all be asking the same question as Dan-"Why can't the CEOs just take a cut on their year end bonuses?"
Sources
https://livingwage.mit.edu/articles/103-new-data-posted-2023-living-wage-calculator
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