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So either CEOs are 78 times more valuable today than average workers compared to 1978, or the game has been rigged in their favor.
by goatlover 7y ago
So either CEOs are 78 times more valuable today than average workers compared to 1978, or the game has been rigged in their favor.
- MiroF 7y agoThink you meant 10
- koolba 7y agoOr they were undervalued in 1978.
- refurb 7y agoI'm not sure why you think a person's compensation is related to the value they add. It's supply and demand - you can add very little value, but be an extremely scarce commodity and command a high wage. Same with the inverse - adding a lot of value, but there are too many of you, so your wage is low.
- MiroF 7y agoYes, but supply and demand still doesn't permit your wage to outstrip your value. No reason to get a CEO at the margin if they are not valuable (even if CEOs are in very short supply)