Then the last thing I want to say about the US Navy is this: Occasionally our ships would get visited by admirals. Even destroyers and mine-sweepers get visited, like for inspections or courtesy tours or whatever. And as they wander around, they see a female able seaman, they sometimes stop to chat and ask questions. These were usually older men, once a womanâthat was fun. They all started at Annapolis and made Navy their life, and no matter how fast they rose through the ranks, theyâve lived on ships and know the drill. So theyâre well-informed, and interested in how things are for sailors now. Curious and friendly, Iâd say, and surprisingly normal. Like a captain, but less pretentious.
Then later I looked it up and learned that admiralsâ salaries top out at $200,000 a year. No one in the Navy gets paid more than that per year. So they call this the pay differential, itâs sometimes expressed as a ratio from lowest pay to highest. That ratio for the Navy is about one to eight. For one of the most respected and well-run organizations on Earth. Sometimes this gets called wage parity or economic democracy, but letâs just call it fairness, effectiveness, esprit de corps. One to eight. No wonder those admirals seemed so normalâthey were!
Whereas in the corporate world Iâve read the average wage ratio is like one to five hundred. Actually that was the median; one to 1,500 happens pretty often. The top executives in these companies earn in ten minutes what it takes their starting employees all year to earn.
Ponder that one for a while, fellow citizens. People talk about incentives, for instance. A word from business schools. Who is incentivized to do what in a wage ratio of one to a thousand? Those getting a thousand times more than starting wage earners, whatâs their incentive from out of that situation? To hide, Iâd say. To hide the fact that they donât actually do a thousand times more than their employees. Hiding like that, they wonât be normal. Theyâll be bullshitters. And for the lowest income folks, whatâs their incentive? Iâm not coming up with one right off the bat, but the ones that do eventually come to mind sound cynical or beat down or completely delusional. Like, I hope I win the lottery, or, Iâm going to shoot up now, or, The world is so fucked. You hear that kind of thing, right? Maybe incentive isnât the word here. Disincentive, to keep it in that lingo. When you get one pay amount, and someone doing something easier gets a thousand of that pay amount, thatâs a disincentive to care about anything. At that point you throw a rock through a window, or vote for some asshole who is going to break everything, which may give you a chance to start over, and if that doesnât work then at least you have said fuck you to the thousand-getters. And so on.
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