The average lower level employee takes much bigger financial risks than the executives take, even - let alone the stockholders, who clearly are risking only money they can afford to lose. An average car accident on the way to work, for example, is not that big a risk for the executive and shareholding class. They just call their insurance company and a cab or Uber.We're talking about financial risk so your statement is ridiculous of course.
To be able to describe one's risk as "financial" only - without significant repercussions on one's life otherwise - is a happy state of affairs available to only a fraction of the citizens of the US.
How does that translate into the obvious falsehood of less risk?They take far less risk. If they do their jobs competently, they usually keep them. C-suite executives are canned if they don't deliver - because the BOD wants to see results
The risk of dismissal is pretty trivial for an upper level exec - at least, one who has been as responsible with debt and so forth as the average poor person is forced to be. There is very little hardship involved. And that's very nearly the only job-related risk they face.
Show me the upper level exec who had to live in their car or their mother's spare bedroom because they got fired for non-performance - or insubordination, or speaking in favor of a union, or flunking a piss test for THC, or sheer whim.
Show me the upper level exec who got sick because their sleep schedule was frequently jacked around on less than a day's notice, or had their child care bills doubled by continual rescheduling on short notice and couldn't buy food for two weeks.
Show me the upper level exec who had their official working hours restricted just enough so that they did not qualify for health insurance - simultaneously reducing their income enough so that they could not afford to buy their own.
And shareholders? Piffle. The worst risk they face is losing money they didn't need.
The burden of this plague is falling on the lower class jobholder, while the profits and benefits are enjoyed by the wealthy.
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