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All free and competitive markets are taken to be efficient. In a market where a million wannabe-CEOs are vying for one of the top 500 spots, you get tough compe
by bkanber 9y ago
All free and competitive markets are taken to be efficient. In a market where a million wannabe-CEOs are vying for one of the top 500 spots, you get tough competition and the compensation is commensurate with the level of competition.
- maxerickson 9y agoLots of people willing to do the job should drive down the compensation. High compensation is partly a result of businesses choosing from a small pool of candidates...
- bkanber 9y agoWilling, but not able. There are lots of people willing to be astronauts and NFL players too. The small pool represents the top performers, and that's where the competition is.