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Cumulative inflation rates over the same period[1]: 293.5% Nominal GDP growth over same period[2]: 875% This study appears to focus on CEO compensation instea
by liquidise 7y ago
Cumulative inflation rates over the same period[1]: 293.5%
Nominal GDP growth over same period[2]: 875%
This study appears to focus on CEO compensation instead of CEO salary, which is an important distinction as it means large CEO compensation packages are often based on stock increase and not on paychecks.
I'm all for people being paid more, so the issue to me is less about CEO compensation and more about worker compensation. Many of us in tech have seen considerable wage growth in the last decade. Unskilled workers less so. Which is honestly the real concern: as automation gets more mature and as unskilled labor gets more expensive, we could see a stark displacement of workers in america and abroad. I don't know that modern society is arranged in a way that can deal with these shifts effectively.
1. https://www.usinflationcalculator.com/ https://www.usinflationcalculator.com/
2. https://www.thebalance.com/us-gdp-by-year-3305543 https://www.thebalance.com/us-gdp-by-year-3305543