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That has nothing to do with the parent's question. Rising Chinese salaries don't cause executives to need more compensation than the did in the 70's relative to
by telchar 8y ago
That has nothing to do with the parent's question. Rising Chinese salaries don't cause executives to need more compensation than the did in the 70's relative to their (American) workers. If your point is that high American worker salaries aren't supportable now due to competition, you would have to explain why American executives' salaries are increased compared to the 70's.
- airstrike 8y agoMy point is that both executives and workers benefited from globalization, advances in telecommunications and transportation. Unfortunately to American workers, it turns out that the workers who enjoyed the upside were some of the poorest in the world and not the very expensive American workers of the mid-1900s. Fortunately to American executives, they started the race ahead of everyone else and with their multinationals corporations captured most of the upside from globalization.