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> The highest paid jobs (eg. CEO) inflate very little and the lowest page jobs inflate quite a lot. The issue is that you have few of the highest paid jobs and
by luckylion 6y ago
> The highest paid jobs (eg. CEO) inflate very little and the lowest page jobs inflate quite a lot.
The issue is that you have few of the highest paid jobs and many of the lowest paid jobs. The labor cost of a giant factory isn't so much the director, it's the thousands of workers. If you double their wages, you double the cost. If you double the director's salary, you'll hardly notice in the balance sheet.
- viklove 6y agoWrong. "Since 1978, and adjusted for inflation, American workers have seen an 11.2 percent increase in compensation. During that same period, CEO’s have seen a 937 percent increase in earnings. That salary growth is even 70 percent faster than the rise in the stock market, according to the Economic Policy Institute." https://www.cnbc.com/2018/01/22/heres-how-much-ceo-pay-has-increased-compared-to-yours-over-the-years.html#:~:text=In%202015%2C%20CEOs%20made%20286,times%20the%20typical%20worker's%20salary.&text=Since%201978%2C%20and%20adjusted%20for,11.2%20percent%20increase%20in%20compensation https://www.cnbc.com/2018/01/22/heres-how-much-ceo-pay-has-i....