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I don't follow why workers' pay should increase at the same rate as their CEOs' pay. They're subject to entirely different labor markets with accompanying risks
by lazzlazzlazz 3y ago
I don't follow why workers' pay should increase at the same rate as their CEOs' pay. They're subject to entirely different labor markets with accompanying risks, opportunity costs, supply, demand, cost of replacement, etc.
- nerdponx 3y ago"Should" is a loaded word here. Market equilibrium is not always the best thing for society as a whole, morally or practically.
- lazzlazzlazz 3y agoI agree — but deliberately breaking the market equilibrium almost always seems to be hysterically worse!