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It's not accurate at all - in comparison to the US. Obviously management having a pay disparity is common (which is in itself interesting, and economically not
by emn13 6y ago
It's not accurate at all - in comparison to the US. Obviously management having a pay disparity is common (which is in itself interesting, and economically not that obvious - more likely a social effect of a hierarchy), but the disparities in the US are larger. (The US has fairly extreme inequality compared to other wealthy countries, generally regardless of what you're looking at, so it comes as no surprise that it's the case here). Furthermore, the actual statistics likely under represent the issue, due to how stocks and capital gains.
If you mean to say the inequality in NL or Germany is unreasonably high - sure! But the US is even less equal.
Edit: https://www.cnbc.com/2019/08/16/ceos-see-pay-grow-1000percent-and-now-make-278-times-the-average-worker.html https://www.cnbc.com/2019/08/16/ceos-see-pay-grow-1000percen... also looks at older income inequalities, and the development is pretty stark.
- luckylion 6y ago> It's not accurate at all - in comparison to the US. What? US SWE don't make significantly more money than EU-based SWEs? That's news, I'd love to see sources.
- emn13 6y agoThe pay differential between CEO's and workers in the US is larger than that in the Netherlands, which is larger than that in Germany. In general, high earners earn more in the US, which includes both CEO's and SWE (but the point about how easy it is to fire people and about inequality was more general, not specifically about SWE).