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Comment by baron816 | Hacker News Reader

How much does a nurse deserve make? Or a home health worker? Or a waiter? Or a teacher? Or a software engineer? Or a business executive?

I’m not prepared to put a dollar amount on what anyone deserves to make, and neither are any of you.

The thing with capitalism is that there isn’t someone going around trying to set prices for things based off some moral philosophy. Prices and wages are based on what people are willing to pay.

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Sounds like we have a healthcare CEO shortage then because the market is paying an exorbitant amount for something that doesn’t need to be as scarce.

With that aside, I suspect (and many other commenters here as well) that there’s price fixing involved in executive pay, creating an artificial floor that insulates from the effects of the labor market

Of course we have a shortage of CEOs or can manage large organizations efficiently. Just like we also have a shortage of NFL quarterbacks or MLB pitchers.

Healthcare CEO pay is in-line with executive pay of similarly sized firms.

Simply put, senior management of large corporations is a skill few have, and even fewer are willing to take the responsibility and stress of.

Man how crazy would it be if the guys who decide CEO compensation were in on it too?

What would be even crazier is if it was actually the same guys! Haha that would never happen tho

It it’s so easy to be a healthcare CEO, then go ahead and fill in, you can get some millions.

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