Of course they did. As more gains are realized in capital rather than wages, the rich will literally get richer. At the same time, it's becoming ever less clear

Of course they did. As more gains are realized in capital rather than wages, the rich will literally get richer. At the same time, it's becoming ever less clear that many of them serve a useful purpose. Justifying executive pay is losing ground in economic literature and, frankly, has always required recourse to casuistry.