Non-founder (i.e. external hire) CEOs and other corporate executives also have to work for their money, therefore they are working class. The definition may be technically correct (the best kind of correct) but it is useless.
("A CEO is nowadays paid 339 the salary of their average worker" you say? If we are nitpicking, that's obviously false; only a tiny, tiny fraction of CEOs are paid that well.)
Aside from that, I'd wager a rather large fraction of HN can easily afford never to work again. This place is crawling with millionaires and they're definitely not embarrassed about it, temporarily or otherwise. Good luck convincing them.
> A CEO is nowadays paid 339 the salary of their average worker" you say? If we are nitpicking, that's obviously false; only a tiny, tiny fraction of CEOs are paid that well.
"In 2022, it was estimated that the CEO-to-worker compensation ratio was 344.3 in the United States. This indicates that, on average, CEOs received more than 344 times the annual average salary of production and nonsupervisory workers in the key industry of their firm."
> Aside from that, I'd wager a rather large fraction of HN can easily afford never to work again. This place is crawling with millionaires and they're definitely not embarrassed about it, temporarily or otherwise. Good luck convincing them.
You can wager whatever you want, but statistically you'd be wrong.
Dude, your own link https://www.epi.org/publication/ceo-pay-in-2023/ says "We focus on the average compensation of CEOs at the 350 largest publicly owned U.S. firms (firms that sell stock on the open market) by revenue."
These 350 largest publicly owned US firms employ a major portion of the US population. Just the top 10 companies by revenue employ 6% of the US work-eligible population. Imagine the total 350 companies!
So, while 350 seems to be a small number, these 350 companies employ the largest chunk of the US market, and that's why they are the most representative to do the study with.
And that's my point! If you select a random worker in the US, there is a HUGE chance they are employed by Amazon, Walmert or one of the big-s. And there is a HUGE chance their salary is 339 times less than their CEO's.
("A CEO is nowadays paid 339 the salary of their average worker" you say? If we are nitpicking, that's obviously false; only a tiny, tiny fraction of CEOs are paid that well.)
Aside from that, I'd wager a rather large fraction of HN can easily afford never to work again. This place is crawling with millionaires and they're definitely not embarrassed about it, temporarily or otherwise. Good luck convincing them.