3 ms·
Good with the change in California. I have seen a time trend where upper management started to get paid $100k per year, then it was $250k per year, $500k, $1M,
by acd 7y ago
Good with the change in California. I have seen a time trend where upper management started to get paid $100k per year, then it was $250k per year, $500k, $1M, $10M.
Then executives started motivating their VP salary with comparison of executive peers they have $500k so I should also have $500k or higher.
This causes income inequality which causes tensions in society.
In the past these type of income equality would be Kings, Noble men, then we transitioned to a period of more equality. Now its back again. You could say Kings and noble men have changed to ->high VP management layer in large corporations.
I think the term is Feudalism, where the ruling class has changed to VP from Noble men, Kings.
https://en.wikipedia.org/wiki/Neo-medievalism https://en.wikipedia.org/wiki/Neo-medievalism
https://en.wikipedia.org/wiki/Feudalism https://en.wikipedia.org/wiki/Feudalism
High income inequality tears societies apart, I would advise not to go in that direction.
In page 5 of this Worldbank paper on income ineqality vs violent crime rate you can see a plot between inequality Gini coefficient, where a high number Gini is high inequality and crime rite. High income inequality is linked to high crime rates.
https://siteresources.worldbank.org/DEC/Resources/Crime&Inequality.pdf https://siteresources.worldbank.org/DEC/Resources/Crime&Ineq...
Gini coefficient of inequality
https://en.wikipedia.org/wiki/Gini_coefficient https://en.wikipedia.org/wiki/Gini_coefficient