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It's literally the opposite: https://www.fastcompany.com/90770163/the-age-of-greedflation-is-here-see-how-obscene-ceo-to-worker-pay-ratios-are-right-now https:/
by moate 4y ago
It's literally the opposite: https://www.fastcompany.com/90770163/the-age-of-greedflation-is-here-see-how-obscene-ceo-to-worker-pay-ratios-are-right-now https://www.fastcompany.com/90770163/the-age-of-greedflation...
- lotsofpulp 4y agoThat article is using median pay as the data point. It is possible the 0% to 20% or even 30% are experiencing gains, while 30% to 60% are not. It is hard or impossible to find data by income/wealth decile, and the corresponding change in prices (inflation) of that income/wealth decile's basket of goods.' For example, the people that work in retail/hotel/travel/etc sector that typically employs the lowest paid employees with the worst quality of life at work may very well be experiencing huge gains, although not all captured by wage data, such as better quality of life at work due to not having to work late weeknights or weekends, etc. It is a difficult thing to capture in numbers.