It's just the point that they should be compensated better for all this impossible and dangerous hard work.
They're not going to be compensated like a CEO, but better than an extra $800 for making possible people like Mike LaMonica earning millions and millions more than he already has.
CEO compensation is way out of reality and the vast majority are nothing but white collar criminals. One man was paid (won't say earned because he couldn't possibly have been paid this much without stealing from others and covering it up some way-since this guy is a hedge fund manager who manages other peoples money he's obviously in a position to steal some of it. Anyway, for the year, he was paid $3.7 Billion. That's Billion, with a B. In one year. It probably took Warren Buffett who really worked hard to become the wealthiest man on the planet twenty or twenty five years to accumulate that much wealth-even adjusting for inflation. Clearly anyone who earns four billion dollars in a single year managing other people's money is a thief.
So why doesn't Mike LaMonica acknowledge these guys are worth a lot more than they're getting paid? Of course, the problem would be there's no where in West Texas to spend that kind of wealth and the living conditions aren't conducive to anyone with real money really wanting to live there.
I just get the impression most of these guys do it so they can pay their basic expenses (interesting that the driller often takes them to work- as if some don't have a car of their own, maybe?)-and drink the rest of their paycheck away-which of course leads to accident when they show up drunk or hungover working around all kiinds of equipment that can weigh up to several hundred tons as well of danger of explosion (it was hard to believe when the camera showed several of the roughnecks smoking.)
They're not going to be compensated like a CEO, but better than an extra $800 for making possible people like Mike LaMonica earning millions and millions more than he already has.
CEO compensation is way out of reality and the vast majority are nothing but white collar criminals. One man was paid (won't say earned because he couldn't possibly have been paid this much without stealing from others and covering it up some way-since this guy is a hedge fund manager who manages other peoples money he's obviously in a position to steal some of it. Anyway, for the year, he was paid $3.7 Billion. That's Billion, with a B. In one year. It probably took Warren Buffett who really worked hard to become the wealthiest man on the planet twenty or twenty five years to accumulate that much wealth-even adjusting for inflation. Clearly anyone who earns four billion dollars in a single year managing other people's money is a thief.
So why doesn't Mike LaMonica acknowledge these guys are worth a lot more than they're getting paid? Of course, the problem would be there's no where in West Texas to spend that kind of wealth and the living conditions aren't conducive to anyone with real money really wanting to live there.
I just get the impression most of these guys do it so they can pay their basic expenses (interesting that the driller often takes them to work- as if some don't have a car of their own, maybe?)-and drink the rest of their paycheck away-which of course leads to accident when they show up drunk or hungover working around all kiinds of equipment that can weigh up to several hundred tons as well of danger of explosion (it was hard to believe when the camera showed several of the roughnecks smoking.)
